Intercontinental Exchange Inc

ICE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$663.00	Tmvgs	Nyzbfqbbd

Despite Headwinds, Mortgage Technology Is a Long-Term Opportunity for Intercontinental Exchange

Michael Miller

Nov 14, 2022

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.

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United States