Intercontinental Exchange Inc
ICECompany Overview
Intercontinental Exchange, Inc. engages in the provision of market infrastructure, data services and technology solutions. It operates through the following segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment includes trading and listing revenue from the global futures network, the New York Stock Exchange and other registered securities exchanges. The Fixed Income and Data Services segment is composed of fixed income data and analytics offerings, fixed income execution, credit default swap clearing and other multi-asset class data and network services. The Mortgage Technology segment provides an end-to-end network aimed at identifying and solving the inefficiencies that exist in the U.S. residential mortgage market. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, GA.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Intercontinental Exchange Inc |
| Ticker | ICE |
| Main Business | Financial Data & Stock Exchanges |
| Type | Common Stock |
| Industry | Financial Data & Stock Exchanges |
| Country | US |
| Market Cap | $73.74 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Exchanges | $6,415.0 | $0.0 | We operate regulated marketplaces for the listing, trading and clearing of a broad array of derivatives contracts and financial securities |
| Fixed Income and Data Services | $2,092.0 | $0.0 | provide fixed income pricing, reference data, indices, analytics and execution services as well as global credit default swaps, or CDS, clearing and multi-asset class data delivery solutions. |
| Mortgage Technology | $1,129.0 | $1,129.0 | provide a technology platform that offers customers comprehensive, digital workflow tools that aim to address the inefficiencies that exist in the U.S. residential mortgage market, from application through closing and the secondary market. |
| Interest income | $108.0 | $108.0 | - |
| Total | $9,744.0 | $1,237.0 | 11.26% (failed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| current debt and capital lease obligation | $1,950,000,000.0 | 2.64% |
| long term debt and capital lease obligation | $20,960,000,000.0 | 28.42% |
| Total Interest-Bearing Debt | $22,910,000,000.0 | 31.07% |
| Market Capitalization | $73,741,937,400.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |