Intercontinental Exchange Azioni (NYSE: ICE)

Ultime notizie per Intercontinental Exchange (NYSE:ICE) Azioni

Intercontinental Exchange

Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data services segment (24% of net revenue).

Intercontinental Exchange Inc. Common Stock

Intercontinental Exchange Inc

Popsicle Finance - United States Dollar

Icecure Medical Ltd

A trademark filing from Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) has the cryptocurrency sector on high alert. President-elect Donald Trump's pro-crypto stance has already led to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hitting several new all-time highs <a href="https://www.benzinga.com/24/11/42102366/bitcoin-taps-95k-ethereum-dogecoin-flat-as-trumps-crypto-policy-takes-shape-top-analyst-describes-btcs-path-to-135k">since the 2024 election.</a>
What Happened: Fresh off of reports that Trump Media &amp; Technology Group was<a href="https://www.benzinga.com/general/social-media/24/11/42048594/trump-digs-deeper-into-cryptocurrency-bakkt-shares-soar-on-reported-interest-from-president-elects-media-company"> looking to acquire </a>cryptocurrency company Bakkt Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>), a new trademark filing could further signal the media company's growing crypto aspirations.
Trademark attorney Josh Gerben <a href="https://x.com/JoshGerben/status/1859689670986408392">shared </a>a post about Trump Media Thursday, shown as T Media Tech LLC on the patent filing, which trademarks "TruthFi." The filing was made with the United States Patent and Trademark Office (USPTO) on Nov. 18, according to Gerben.
Gerben lists the following elements of the trademark <a href="https://tsdr.uspto.gov/#caseNumber=98859006&amp;caseSearchType=US_APPLICATION&amp;caseType=DEFAULT&amp;searchType=statusSearch">filing </a>for TruthFi:
<ul>
<li>Digital wallets</li>
<li>Analysis and compilation of data and statistics for financial research purposes</li>
<li>Payment processing of cryptocurrency and credit cards</li>
<li>Management of financial assets</li>
<li>Digital asset trading</li>
</ul>
Benzinga has contacted Trump Media for comment on the trademark filing.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent112124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Gerben <a href="https://www.nytimes.com/2024/11/21/business/trump-media-crypto-payment-service.html">told </a>the New York Times the trademark filing could be a way for Trump Media to reserve the desired name if it goes forward with plans for a crypto business.
While the trademark filing doesn't guarantee that Trump Media will enter the cryptocurrency sector, Gerben said there is a high chance of this.
"In my experience, most of the time if a client is going to file an application, there is something going on," Gerben told the Times.
The New York Times said Trump Media launching a cryptocurrency business could involve acquiring a company given its small employee count.
The Financial Times previously reported that Trump Media was in advanced talks to acquire Bakkt, a cryptocurrency company backed by Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>).
Bakkt&nbsp;<a href="https://www.benzinga.com/news/24/06/39234822/bakkt-holdings-explores-potential-sale-or-breakup-amid-crypto-sector-consolidation" target="_blank" rel="noreferrer noopener">said in June</a>&nbsp;it was exploring strategic alternatives that could include a sale or breakup of the company.
Trump does not have a role at Trump Media, but is <a href="https://www.benzinga.com/general/social-media/24/09/40943414/donald-trump-can-cash-out-his-trump-media-technology-stock-keep-company-control-heres-how-ma">the largest shareholder</a> of the company he co-founded, with around 53% of shares. Donald Trump Jr., his eldest son, is on the company&#8217;s board.
The president-elect<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41096120/if-you-invested-1-000-in-bitcoin-when-donald-trump-said-he-wasnt-a-fan-heres-how-much-youd"> previously spoke ill</a> of Bitcoin and cryptocurrency before reversing course before the 2024 election, a move that won him potential votes from single-issue cryptocurrency voters.
An acquisition of Bakkt would push Trump&#8217;s media company and the president-elect deeper into the cryptocurrency sector, which comes after he promoted a crypto venture called&nbsp;World Liberty Financial&nbsp;with business partners.
A push into the cryptocurrency sector by Trump's media company and the appointment of new pro-crypto executives in his White House administration could prove to be a win-win for the president-elect.
DJT, BKKT Price Action: Trump Media shares gained 1.3% Thursday, closing at $30.49 versus a 52-week trading range of $22.55 to $79.38.
Bakkt shares were down 1.6% to $31.10 versus a 52-week trading range of $5.57 to $68.75. Bakkt stock is down 41% year-to-date, but higher in the last five days by more than 140%. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42071926/a-hedge-fund-hit-big-on-trumps-rumored-crypto-acquisition-and-is-up-1415-million">A Hedge Fund Hit Big On Trump&#8217;s Rumored Crypto Acquisition And Could Be Up $14.15 Million</a></li>
</ul>
Photo via Shutterstock.

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Cryptocurrency

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$BTC

Bakkt Holdings, Inc. Class A Common Stock

BKKT

Trump Media Trademark Filing For 'TruthFi' Hints At Potential Digital Wallets, Asset Trading

Intercontinental Exchange's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) short percent of float has fallen 26.92% since its last report. The company recently reported that it has 4.33 million shares sold short, which is 0.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.3 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Intercontinental Exchange Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732111216_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Intercontinental Exchange has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Intercontinental Exchange's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Intercontinental Exchange's peer group average for short interest as a percentage of float is 2.83%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Intercontinental Exchange's Recent Short Interest

Shares of cryptocurrency company Bakkt Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) soared on reports that Donald Trump's media company could be eying an <a href="https://www.benzinga.com/general/social-media/24/11/42048594/trump-digs-deeper-into-cryptocurrency-bakkt-shares-soar-on-reported-interest-from-president-elects-media-company">acquisition of the company.</a>
While investors who got into the stock early Monday are up big, one hedge fund may have had perfect timing less than a week ago.
What Happened: A report from the Financial Times linked Bakkt Holdings with being the subject of a takeover report from Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTJ#NASDAQ">DTJ</a>).
Bakkt shares opened for trading at $11.31 on Monday before closing the day up 162.7% to $29.71. The stock was trading another 6.36% higher Tuesday afternoon at $31.59. 
The company said it would not comment on "market rumors or speculation.&#8221;
Hedge fund Highbridge Capital, which is a <a href="https://www.highbridge.com/">unit </a>of JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), recently took a large stake in the cryptocurrency company.
A 13G <a href="https://www.sec.gov/Archives/edgar/data/919185/000090266424006542/p24-3248sc13g.htm">filing </a>issued Thursday shows that Highbridge Capital purchased 692,042 Class A shares issuable upon exercise of warrants. The purchase was listed as representing 9.9% of Bakkt based on 6.32 million shares outstanding.
While the filing did not list a purchase price, the investor may be up millions of dollars on the trade depending on the timing.
Bakkt shares traded at a high of $13.05 on Thursday. An investor could have purchased the equivalent of 692,042 shares for $9,031,148.10.
Based on a price of $33.50 for Bakkt shares at the time of writing, the 9.9% stake and 692,042 shares are now worth $23,183,407. This means Highbridge Capital could be up around $14.15 million on its recent purchase, a cool 156.7% gain in less than a week.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent111924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
What's Next: News of the reported acquisition come as Trump Media &amp; Technology co-founder Trump is set to return to the White House in January. 
Trump is viewed as a more pro-crypto friendly president than the past administration based on his 2024 election campaign.
Bakkt, <a href="https://www.benzinga.com/markets/cryptocurrency/21/04/20550003/3-cryptocurrency-spacs-that-could-run-on-a-successful-coinbase-ipo" target="_blank" rel="noreferrer noopener">which went public </a>in October 2021 via SPAC merger, is backed by New York Stock Exchange owner Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), which owns a reported 55% of the company.
Bakkt&#8217;s first CEO was former U.S. Senator Kelly Loeffler, who represented the state of Georgia as a Republican. Loeffler is helping to organize Trump&#8217;s inauguration in January and has close ties to the president-elect.
Bakkt&nbsp;<a href="https://www.benzinga.com/news/24/06/39234822/bakkt-holdings-explores-potential-sale-or-breakup-amid-crypto-sector-consolidation" target="_blank" rel="noreferrer noopener">said in June</a>&nbsp;it was exploring strategic alternatives that could include a sale or breakup of the company.
The company previously said its crypto custody business could be wound down. This segment might not be included in a buyout, according to the FT report. Bakkt is planning to build a crypto trading platform geared toward institutional investors.
DJT shares have experienced high volatility and an increased valuation after Trump won the 2024 election.
An acquisition of Bakkt would push Trump&#8217;s media company and the president-elect deeper into the cryptocurrency sector, which comes after he promoted a crypto venture called&nbsp;World Liberty Financial&nbsp;with business partners.
BKKT, DJT Price Action: Bakkt stock is up 6.36% to $31.59 on Tuesday versus a 52-week trading range of $5.57 to $68.75. Bakkt stock is down 40.4% year-to-date in 2024.
Trump Media &amp; Technology stock is down 7.8% to $30.20 on Tuesday versus a 52-week trading range of $22.55 to $79.38. Trump Media &amp; Technology stock is up 73.05% year-to-date in 2024.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41760961/djt-stock-volatile-on-election-day-donald-trumps-media-company-reports-q3-earnings-growth-initiativ" target="_blank" rel="noreferrer noopener">DJT Stock Volatile On Election Day: Donald Trump's Media Company Reports Q3 Earnings, Growth Initiatives</a></li>
</ul>
Photo via Shutterstock.

Hedge Funds

Movers

A Hedge Fund Hit Big On Trump's Rumored Crypto Acquisition And Could Be Up $14.15 Million

Shares of Bakkt Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) are on the rise Tuesday following a Monday report suggesting Trump Media and Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) is in talks to buy the company. Here&#8217;s <a href="https://www.benzinga.com/general/social-media/24/11/42048594/trump-digs-deeper-into-cryptocurrency-bakkt-shares-soar-on-reported-interest-from-president-elects-media-company">what you need to know.</a>
What To Know: According to <a href="https://www.ft.com/content/d7f921d5-3668-4b6b-a98d-2681ad73610f">a report by the Financial Times</a>, Trump Media, the parent company of the Truth Social platform co-founded by President-Elect Donald Trump, is exploring an all-stock deal to acquire Bakkt. The company is backed by the Intercontinental Exchange Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), which owns 55% of Bakkt and would need to approve any potential transaction.
In response to the speculation, Bakkt issued a statement, saying it is aware of the rumors but declined to comment, citing its policy of not addressing market rumors or speculation.
Bakkt went public in October 2021 through a SPAC merger and focuses on cryptocurrency trading and blockchain technology. The company&#8217;s first CEO, Kelly Loeffler, a former U.S. Senator and a Republican, has close ties to Trump and is reportedly involved in organizing his January inauguration.
The report comes as Trump's stance on cryptocurrency has been seen as more favorable, raising speculation that the deal would fit into his broader interest in digital assets. 
BKKT Price Action: Bakkt Holdings shares were up 11% at $33 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="518" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19101935/BKKT-1024x518.png" alt="" class="wp-image-655250" style="width:484px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19101935/BKKT-1024x518.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19101935/BKKT-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19101935/BKKT-768x389.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19101935/BKKT.png 1152w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/11/42066092/united-airlines-gears-up-for-holiday-travel-surge-to-europe-details">United Airlines Gears Up For Holiday Travel Surge To Europe: Details</a></li>
</ul>
Image via Shutterstock.

News

Bakkt Holdings Shares Are Trading Higher Today: What You Need To Know

Donald Trump was viewed as the more pro-cryptocurrency presidential candidate in the 2024 election and his support for crypto could get another push with a report that his media company is acquiring a<a href="https://www.benzinga.com/markets/cryptocurrency/21/01/19071375/spac-surges-64-on-report-of-merger-talks-with-ice-owned-crypto-exchange-bakkt"> cryptocurrency trading company.</a>
What Happened: Shares of Bakkt Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NASDAQ">BKKT</a>) are soaring Monday on reports the cryptocurrency company, <a href="https://www.benzinga.com/markets/cryptocurrency/21/04/20550003/3-cryptocurrency-spacs-that-could-run-on-a-successful-coinbase-ipo">which went public </a>in October 2021 via SPAC merger, is being acquired by Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>).
The media company co-founded by Trump, which owns the Truth Social platform, is in advanced talks to acquire Bakkt, <a href="https://www.ft.com/content/d7f921d5-3668-4b6b-a98d-2681ad73610f">according </a>to the Financial Times. The report said Trump Media &amp; Technology Group would acquire the cryptocurrency company, which is backed by Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), in an all-share deal.
Benzinga reached out to Trump Media &amp; Technology Group for comment on the report and will update the story accordingly. Benzinga has also contacted Bakkt for comment. 
Bakkt's first CEO was Kelly Loeffler, who was previously a member of the U.S. Senate, representing the state of Georgia as a Republican. Loeffler is helping to organize Trump's inauguration in January and has close ties to the president-elect.
The Intercontinental Exchange, which owns the New York Stock Exchange, owns a reported 55% of Bakkt. The exchange company would have to give approval to any such sale to the Trump media company.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent111824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Bakkt <a href="https://www.benzinga.com/news/24/06/39234822/bakkt-holdings-explores-potential-sale-or-breakup-amid-crypto-sector-consolidation">said in June</a> it was exploring strategic alternatives that could include a sale or breakup of the company.
The company previously said its crypto custody business could be wound down. This segment might not be included in the buyout, according to the report. Bakkt is planning to build a crypto trading platform geared to institutional investors.
DJT shares have experienced high volatility and an increased valuation after Trump won the 2024 election.
Trump's <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41096120/if-you-invested-1-000-in-bitcoin-when-donald-trump-said-he-wasnt-a-fan-heres-how-much-youd">pro-crypto stance</a> may have helped elevate Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and other cryptocurrencies to all-time highs following his <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">2024 election win.</a>
An acquisition of Bakkt would push Trump's media company and the president-elect deeper into the cryptocurrency sector, which comes after he promoted a crypto venture called World Liberty Financial with business partners.
BKKT, DJT Price Action: Bakkt stock was halted several times after the report and ended Monday&#8217;s session 163.04% higher at $29.71 versus a 52-week trading range of $5.57 to $68.75. Bakkt shares are down 44% year-to-date in 2024.
Trump Media &amp; Technology stock is up 16.65% to $32.78 Monday versus a 52-week trading range of $22.55 to $79.38. Trump Media &amp; Technology stock is up 85% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41760961/djt-stock-volatile-on-election-day-donald-trumps-media-company-reports-q3-earnings-growth-initiativ">DJT Stock Volatile On Election Day: Donald Trump&#8217;s Media Company Reports Q3 Earnings, Growth Initiatives</a></li>
</ul>
Photo via Shutterstock.

Trump Digs Deeper Into Cryptocurrency? Bakkt Shares Soar On Reported Interest From President-Elect's Media Company

Third Point, a hedge fund, filed its <a href="https://www.sec.gov/Archives/edgar/data/1656456/000165645624000004/xslForm13F_X02/Form13FInfoTable.xml">Form 13F</a> on Thursday, revealing the fund's trades from the prior quarter. Here's a look at Third Point's most <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41397978/hedge-fund-billionaire-daniel-loeb-bets-on-trump-win-singles-out-this-recent-buy-as">significant recent trades. </a>
New Positions: Third Point opened a total of nine positions during the quarter. The most notable are below.&nbsp;
<ul>
<li>Third Point added a stake in Brookfield Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>) with 4.725 million shares valued at $251.1 million, according to data from Whalewisdom. </li>
<li>The fund opened a position in Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with 400,000 shares. </li>
<li>Third Point opened a position in CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) with 1,575,000 shares. </li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/41993328/trump-media-insiders-sell-more-than-16-million-in-djt-stock">Trump Media Insiders Sell More Than $16 Million In DJT Stock</a>
Closed Positions: The hedge fund closed out 11 positions with the most notable being American International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) and its entire stake in Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>). 
Notable Trades: Third Point added 1,085,000 shares to its stake in Intercontinental Exchange Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), bringing its current position to 2,085,000 shares valued at $334.9 million, according to Whalewisdom. The fund reduced its stake in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) by 1,400,000 shares with 3,700,000 shares still held. 
Third Point also sold 555,000 Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares, more than half its stake in the company, but still holds 545,000 Meta shares valued at approximately $311.9 million, according to Whalewisdom.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Photo: Shutterstock

AMZN

TSLA

Third Point Hedge Fund Buys Tesla, Dumps Micron

Third Point 13F Shows Increased Stake In Intercontinental Exchange By 109% From 1,000,000 To 2,085,000 Shares; Live Nation Entertainment By 71% From 1,365,000 To 2,340,000 Shares; CRH By 215% From 650,000 To 2,050,000 Shares; Telephone & Data Systems By 27% From 2,266,060 To 2,875,000 Shares

Throughout the last three months, 17 analysts have evaluated Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">9</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">4</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $179.65, along with a high estimate of $200.00 and a low estimate of $154.00. Marking an increase of 4.57%, the current average surpasses the previous average price target of $171.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1731351663_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Intercontinental Exchange. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$163.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$173.00</td>
<td>$179.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$160.00</td>
<td>$169.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Ken Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$188.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$174.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Patrick O'Shaughnessy</td>
<td>Raymond James</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$185.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$179.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Patrick O'Shaughnessy</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$185.00</td>
<td>$174.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Craig Siegenthaler</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$175.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$185.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Ashish Sabadra</td>
<td>RBC Capital</td>
<td>Announces</td>
<td>Outperform</td>
<td>$200.00</td>
<td>-</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Announces</td>
<td>Buy</td>
<td>$182.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$171.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$154.00</td>
<td>$152.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Intercontinental Exchange. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Intercontinental Exchange compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Intercontinental Exchange's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Intercontinental Exchange's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ICE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Intercontinental Exchange analyst ratings.</a>
<h2>Delving into Intercontinental Exchange's Background</h2>
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data services segment (24% of net revenue).
<h3>Understanding the Numbers: Intercontinental Exchange's Finances</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Intercontinental Exchange's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 24.87%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 21.66%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.44%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Intercontinental Exchange's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.48%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Intercontinental Exchange's debt-to-equity ratio stands notably higher than the industry average, reaching 0.79. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

17 Analysts Assess Intercontinental Exchange: What You Need To Know

Deutsche Bank analyst Brian Bedell maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Hold and raises the price target from $160 to $163.

Price Target

Deutsche Bank Maintains Hold on Intercontinental Exchange, Raises Price Target to $163

Stocks and cryptocurrencies saw heavy action during the after-hours trading session during the 2024 election thanks to the expansion of 24-hour trading at companies like Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), which sees the extended hours as a key user<a href="https://www.benzinga.com/markets/equities/24/08/40242234/robinhood-ceo-vlad-tenev-says-24-hour-market-trading-volume-approaching-30b-we-are-really-excite"> growth item moving forward.</a>
Here's a look at the top trading tickers and cryptocurrencies on Tuesday night.
What Happened: Investors closely watched the stock market and cryptocurrencies as Donald Trump pulled ahead in the 2024 election and was <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">declared the winner</a> by the Associated Press in the early hours of Wednesday morning.
Years ago, investors would have had to wait until the stock market opened to start buying their favorite stocks linked to a potential Trump win, but that wasn't the case Tuesday night.
As Trump pulled ahead in the race, shares of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), a media company the president co-founded, <a href="https://www.benzinga.com/markets/equities/24/11/41767200/trump-media-stock-djt-jumps-33-77-in-pre-market-as-ex-president-inches-closer-to-white-house-vic">surged ahead.</a> Electric vehicle company Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) also gained significantly, fueled by CEO Elon Musk's close ties with Trump and the expectation that the incoming administration may create a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41755274/trump-win-could-hinder-tech-ev-sector-growth-slow-the-pace-of-ai-revolution-analyst">more favorable environment</a> for Tesla, potentially challenging its competitors and boosting its share price outlook.
Robinhood reported its largest overnight session since launching the 24-hour market. This included the company's recently launched 2024 election contracts <a href="https://x.com/RobinhoodApp/status/1854017622758862891">passing </a>a milestone of 400 million contracts traded.
The <a href="https://www.benzinga.com/general/sports-betting/24/11/41719799/robinhood-passes-100-million-2024-election-contracts-do-users-favor-trump-or-harris-on-sto">company reported the</a> 100 million contract milestone ahead of the election and later reported that the figure had doubled to 200 million <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41756372/robinhoods-election-contracts-hit-200-million-trades-on-election-day">around one day later</a>. A total of over 500,000 Robinhood users <a href="https://x.com/RobinhoodApp/status/1854006857918300538">traded </a>election contracts according to the company.
Trading volume Tuesday night was around 11 times more than the company's usual overnight volume from 8 p.m. ET to 4 a.m. ET.
Here were the top 10 traded stocks and ETFs Tuesday night during the overnight trading session, according to Robinhood. The company did not specify the leaders in volume order, so they are listed below in alphabetical order by ticker:
<ul>
<li>Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</li>
<li>Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)</li>
<li>iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>)</li>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>)</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)</li>
<li>SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Direxion Daily TSLA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLL#NASDAQ">TSLL</a>)</li>
<li>ProShares UltraPro QQQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TQQQ#NASDAQ">TQQQ</a>)</li>
</ul>
Robinhood also reported that the top three traded cryptocurrencies Tuesday night, in no particular order, were Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110624">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The heavy volume from Robinhood came as many expected potential volatility in after-hours and extended-hours trading for brokerages that offer these services to their customers.
"We don't expect to have any issues at this point in time," an Interactive Brokers spokesperson told <a href="https://www.bloomberg.com/news/articles/2024-11-05/legions-of-day-traders-are-bracing-for-election-day-disruptions?sref=TBDibEcD">Bloomberg </a>ahead of the election. "We've seen heavy trading volumes on the exchange with over 50 million presidential contracts traded today."
Like Robinhood and others, Interactive Brokers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) <a href="https://www.benzinga.com/government/24/10/41174915/interactive-brokers-rolls-out-election-contracts-as-kalshi-resumes-high-stakes-congressional-bets">offered 2024 election contracts</a> through its ForecastEx LLC subsidiary. From Oct. 4 through the end of the day on Nov. 4, Interactive Brokers saw over 220 million 2024 election contracts traded, the company said. &nbsp;
The inclusion of election contract trading and having cryptocurrencies on the platform likely contributed to Robinhood's record night.
The list of 10 tickers above shows that several of them (COIN, IBIT, MSTR) were related to the cryptocurrency sector. Bitcoin hit all-time highs of $75,361.09 Wednesday morning and traded higher during the run-up to Trump&#8217;s declaration as the victor of the 2024 election.
Several brokers offer 24-hour trading of stocks and ETFs. Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) recently announced <a href="https://www.benzinga.com/fintech/24/10/41627496/schwab-expands-24-hour-trading-to-include-all-stocks-in-s-p-500-nasdaq-100-hundreds-of-etfs">that it would expand</a> 24-hour trading to all stocks in the S&amp;P 500 and Nasdaq 100 indexes in 2025.
The New York Stock Exchange, which is owned by Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), is <a href="https://www.benzinga.com/markets/equities/24/10/41561907/nyse-to-extend-arca-exchange-trading-to-22-hours-per-day">looking to extend trading hours </a>of the Arca Exchange to 22 hours a day from 1:30 a.m. ET to 11:30 p.m. ET subject to regulatory approval.
The 2024 election may change many things going forward, including the likelihood that investors will have more options to trade stocks, ETFs and cryptocurrencies more hours in the day.
HOOD Price Action: Robinhood stock is up 18.6% to $29.62 on Wednesday, hitting new 52-week highs of $29.27 early in the trading session. The stock is up 139% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/asia/24/11/41768811/donald-trump-wins-47th-presidency-us-futures-up-europe-up-asia-mixed-crude-falls-and-dollar-strength">Donald Trump Wins 47th Presidency -US Futures Up, Europe Up, Asia Mixed, Crude Falls And Dollar Strengthens</a></li>
</ul>
Photo: Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

$DOGE

$ETH

COIN

HOOD

IBIT

IBKR

MSTR

NVDA

SCHW

TQQQ

TSLL

Robinhood Reports Record Overnight Trading Volume, 400 Million 2024 Election Contracts Traded

Intercontinental Exchange's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) short percent of float has risen 5.05% since its last report. The company recently reported that it has 5.93 million shares sold short, which is 1.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.5 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Intercontinental Exchange Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730493032_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Intercontinental Exchange has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Intercontinental Exchange's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Intercontinental Exchange's peer group average for short interest as a percentage of float is 2.96%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Intercontinental Exchange?

Barclays analyst Benjamin Budish maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Overweight and lowers the price target from $179 to $173.

Barclays Maintains Overweight on Intercontinental Exchange, Lowers Price Target to $173

Deutsche Bank analyst Brian Bedell maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Hold and lowers the price target from $169 to $160.

Deutsche Bank Maintains Hold on Intercontinental Exchange, Lowers Price Target to $160

RBC Capital analyst Ashish Sabadra reiterates Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Outperform and maintains $200 price target.

Reiteration

RBC Capital Reiterates Outperform on Intercontinental Exchange, Maintains $200 Price Target

WIIM

Intercontinental Exchange shares are trading lower following mixed Q3 earnings.

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) reported quarterly earnings of $1.55 per share which met the analyst consensus estimate. The company reported quarterly sales of $2.349 billion which missed the analyst consensus estimate of $2.354 billion by 0.20 percent. This is a 17.27 percent increase over sales of $2.003 billion the same period last year.

Earnings

Earnings Misses

Intercontinental Exchange Q3 2024 Adj. EPS $1.55, Inline, Sales $2.349B Miss $2.354B Estimate

Editor&#8217;s note: This story has been updated with additional comment from a Charles Schwab executive. 
Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) announced a significant expansion Wednesday of its 24-hour<a href="https://www.benzinga.com/pressreleases/24/10/b41623358/schwab-to-significantly-expand-its-24-hour-trading-capabilities-to-include-the-stocks-in-the-s-p-5"> trading capabilities. </a>
The Details: Schwab announced it will expand its 24-hour trading to include all of the stocks listed in the S&amp;P 500, Nasdaq-100 and hundreds of exchange-traded funds. The rollout will begin with a pilot group of clients in November and expand to full client access in 2025.
Schwab's clients currently have access to approximately two dozen ETFs in the overnight trading session, with expanded access coming to all clients in 2025. 
Read Next: <a href="https://www.benzinga.com/news/24/10/41489239/bank-of-america-ceo-cautions-fed-not-to-go-too-fast-or-too-slow-on-interest-rate-cuts">Bank Of America CEO Cautions Fed Not To &#8216;Go Too Fast Or Too Slow&#8217; On Interest Rate Cuts</a>
&#8220;More than six years after Ameritrade was the first U.S. retail broker-dealer to launch 24/5 trading on the thinkorswim platforms, we&#8217;re proud to see how the overnight market has evolved,&#8221; said James Kostulias, managing director and head of Trading Services at Charles Schwab. 
&#8220;Our goal has always been to offer and expand access to 24/5 trading in a responsible way that takes into account client demand, the evolving dynamics of the overnight trading market, and – importantly – providing clients with the full library of Schwab&#8217;s educational content and 24-hour support to help them balance the opportunities and risks, as well as the unique considerations of overnight trading,&#8221; Kostulias added. 
Schwab has seen growing customer demand for overnight trades, Kostulias said in an emailed statement to Benzinga, adding that almost 90% of active trader Schwab clients it surveyed want to access markets outside of standard hours. 
&#8220;In particular, many younger investors want frictionless opportunities to trade on real-time data and respond to market volatility, and we also see opportunity among our international client base,&#8221; he said. 
Schwab's move comes on the heels of an announcement from Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) that it will <a href="https://www.benzinga.com/markets/equities/24/10/41561907/nyse-to-extend-arca-exchange-trading-to-22-hours-per-day">expand trading</a> on the NYSE Arca equities exchange to 22 hours a day. Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) offers 24 hour trading of more than 1,000 tickers and recently announced<a href="https://www.benzinga.com/fintech/24/10/41371235/robinhood-announces-futures-trading-index-options-trading"> the launch </a>of futures trading and index options trading in a major expansion of its offerings. 
More Features: Schwab also highlighted some of its recently added features including analyst reports, new options chain settings and expanded charts and orders settings to its platforms. 
SCHW Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Charles Schwab shares are up 0.02% at $71.91 at the time of publication Wednesday.
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a></li>
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Image: Shutterstock&nbsp;

Schwab Expands 24 Hour Trading To Include All Stocks In S&P 500, Nasdaq 100, Hundreds Of ETFs (UPDATED)

The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), announced on Friday plans to extend weekday trading on its NYSE Arca equities <a href="https://www.benzinga.com/pressreleases/24/10/b41541551/the-new-york-stock-exchange-plans-to-extend-weekday-trading-on-its-nyse-arca-equities-exchange-to-">exchange to 22 hours a day</a>.
The Details: The extended trading is subject to regulatory approval and would take place from 1:30 a.m. to 11:30 p.m. ET on all weekdays, excluding holidays.&nbsp; The NYSE said it will also seek support for extended trading from the U.S. securities information processors.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41546663/fridays-top-5-trending-stocks-whats-the-scoop-on-tesla-sofi-joby">Friday&#8217;s Top 5 Trending Stocks: What&#8217;s The Scoop On Tesla, SoFi, Joby?</a>
"The NYSE's initiative to extend U.S. equity trading to 22 hours a day, 5 days a week underscores the strength of our U.S. capital markets and growing demand for our listed securities around the world," said Kevin Tyrrell, Head of Markets, New York Stock Exchange.&nbsp;
"As the steward of the U.S. capital markets, the NYSE is pleased to lead the way in enabling exchange-based trading for our U.S.-listed companies and funds to investors in time zones across the globe," Tyrrell added.&nbsp;
Why It Matters: NYSE's Arca exchange is the world&#8217;s leading exchange-traded fund (ETF) exchange in terms of volume and listings, listing 62.9% of the total ETFs in the United States. The Arca exchange currently operates from 4 a.m. to 8 p.m. ET.&nbsp;
Online brokerage firm, Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) <a href="https://www.benzinga.com/fintech/23/09/34437131/how-robinhoods-mobile-first-24-5-trading-cycle-is-helping-redefine-trading-by-letting-traders-manage">began offering</a> 24 hour trading of select stocks and ETFs in 2023, using Blue Ocean Alternative Trading Systems (BOATS) to execute overnight trading orders. Around-the-clock trading has become one of the firm's most popular features, according to the company, which <a href="https://robinhood.com/us/en/support/articles/24hour-market/">now offers</a> 226 stocks and ETFs for 24 hour trading.&nbsp;
ICE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Intercontinental Exchange shares ended Friday&#8217;s session down 0.95% at $165.31. 
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41551820/flying-taxis-are-almost-here-joby-archer-aviation-applaud-new-faa-regulations-for-evtol-aircraft">Flying Taxis Are Almost Here: Joby, Archer Aviation Applaud New FAA Regulations For eVTOL Aircraft</a></li>
</ul>
Image: Shutterstock&nbsp;

Equities

Markets

ETFs

NYSE To Extend Arca Exchange Trading To 22 Hours Per Day

New York Stock Exchange Plans To Extend Weekday Trading On Its NYSE Arca Equities Exchange To 22 Hours A Day; Extended-hours Trades To Be Cleared By DTCC

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 15 years by 2.78% on an annualized basis producing an average annual return of 14.69%. Currently, Intercontinental Exchange has a market capitalization of $94.98 billion. 
Buying $1000 In ICE: If an investor had bought $1000 of ICE stock 15 years ago, it would be worth $8,188.55 today based on a price of $165.43 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729711816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Intercontinental Exchange 15 Years Ago Would Be Worth This Much Today

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ADBE

AMTM

APOS

ASHTF

BACRP

BPOP

BPOPO

BTBT

BWIN

CACC

CHTR

CNSWF

CORZ

CPAY

CRKN

ERFSF

FWONA

FWONB

FWONK

GOOG

GOOGL

GREE

HIVE

HNDAF

HUBB

INTU

LBRDA

LBRDB

LBRDK

LBRDP

LMGIF

MARA

MBGAF

MBGYY

MSFT

NDAQ

NSANF

NSANY

PLTR

PYPL

RDDT

RIOT

RITM

RYCEY

SDIG

SNAP

SPGI

SPOT

STLA

TSMWF

UMGNF

VOYA

VWAGY

VWAPY

WFCNP

WULF

Press Releases

ICE and NYSE Launch "My Vote" Ad Campaign to Celebrate the Power of Democracy Ahead of U.S. Election

Intercontinental Exchange Reports Strong Third Quarter 2024

Intercontinental Exchange Approves Fourth Quarter Dividend of $0.45 per Share

ICE Mortgage Monitor: Record Levels of Tappable Equity, Fed Rate Cuts Could Spur Resurgence in Home Equity Withdrawals

Intercontinental Exchange Reports October 2024 Statistics

October Marks Highest Volume Month in ICE's History with 209 Million Contracts Traded

Intercontinental Exchange CFO Warren Gardiner to Present at the J.P. Morgan Ultimate Services Investor Conference on November 14

NYSE Group Announces 2025, 2026 and 2027 Holiday and Early Closings Calendar

NYSHEX Announces First Close of Series C Funding Round Led by Collate Capital, Collaborating with ICE to Launch New Freight Rate Indices

ICE First Look at Mortgage Performance: Serious delinquencies hit 17-month high while foreclosure activity remains historically muted

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