(Reuters) -Intercontinental Exchange reported a rise in third-quarter profit on Thursday, helped by strong trading activity.
Uncertainty over the U.S. Federal Reserve’s next move on interest rates kept traders actively reshuffling their portfolios during the quarter. U.S. President Donald Trump’s shifting trade policies and a boom in AI-linked shares have also fueled activity.
Market volatility typically boosts exchange activity, as investors increase trades to adjust portfolios and hedge risks.
ICE’s average daily volume (ADV) for equity options rose 9% in the third quarter, while ADV for cash equities jumped 48%.
The exchange operator said revenue from its exchange business – its largest segment – was up 1% at $1.27 billion in the third quarter, while revenue from energy-related trading rose 2% to $482 million.
The New York Stock Exchange parent reported adjusted earnings of $980 million, or $1.71 per share, for the quarter ended September 30, compared with $894 million, or $1.55 per share, a year earlier.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Leroy Leo)
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