- Price
- $156.19 → $161.56(+3.4%)
- Fair value
- $182.00 → $183.00(+0.5%)
- Discount
- 14.2% → 11.7%(−2.5 pts)
- LSEG rating
- 1.81 → 2.00(+0.19)
- Recent events
- 2026-10-05: ICE reported that its average daily trading volume in Q3 2026 was 31% higher than a year earlier. In September, volume was 51% higher, and open interest in its interest rate futures reached a record.
2026-10-05: ICE's October Mortgage Monitor reported that demand for adjustable-rate mortgages reached a nearly four-year high because mortgage rates rose. ICE's 30-year rate index was 7.2% on September 24, 2026.
2026-09-29: ICE and MarketAxess withdrew their US antitrust filings on September 25 and filed them again on September 29. This gives the Department of Justice more time. The waiting period now ends on October 29, 2026.
2026-09-29: Wells Fargo renewed its agreement to use ICE's MSP mortgage servicing system. It will move its full home loan servicing portfolio onto MSP. The companies did not give the financial terms.
2026-09-18: MarketAxess set a special virtual shareholder meeting for October 29, 2026, to vote on its $167-per-share cash acquisition by ICE.
2026-09-16: The Federal Reserve raised its target rate by 0.25 percentage points, to a range of 3.75% to 4.00%. This was its first increase since 2023. Mortgage rates continued to rise after the decision.
2026-09-10: ICE published its September 2026 Mortgage Monitor. Homeowners who switched home insurance carriers over the prior year saved a record 6.6% on average, while those who stayed with their carrier saw premiums rise 10.4%.
2026-08-20: ICE issued $3.75 billion of new notes, due from 2029 to 2036, to pay for MarketAxess. It also signed a $2.0 billion delayed draw term loan and cancelled its $6.2 billion bridge loan commitment.
2026-08-10: ICE's own Mortgage Monitor report showed mortgage holder equity reached a record $18 trillion, and annual home price growth reached a 14-month high in July 2026.
2026-07-30: ICE reported Q2 2026 results. Net revenue was $2.67 billion, up 5% from a year earlier. Recurring revenue grew 8%, and mortgage technology revenue grew 5% to $557 million. ICE also agreed to buy MarketAxess for $167 per share in cash, an equity value of about $6.0 billion and an enterprise value of about $5.7 billion. ICE raised its share buybacks to $400 million a quarter.