Intercontinental Exchange Inc
ICE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$692.00 | Qfzbj | Ttvzxbkk |
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 acquisitions to build its position in mortgage technology and fixed-income data. Roughly half of ICE’s revenue is recurring, reducing the company’s reliance on exchange fees, a positive given the amount of competition facing its equity trading business.