Intercontinental Exchange Inc
ICE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$477.00 | Rssd | Pbxkvmrnt |
Despite Headwinds, Mortgage Technology Is a Long-Term Opportunity for Intercontinental Exchange
Business Strategy and Outlook
Intercontinental Exchange has continued to diversify its revenue streams by using a series of acquisitions to build its position in mortgage technology and fixed-income data. Roughly half of ICE’s revenue is recurring, reducing reliance on exchange fees, which is a positive given the competition facing its equity trading business.