Total revenue, excluding transaction-based expenses, fell nearly 1% to $1.30 billion, in line with analysts’ expectations, as weak transaction and clearing business offset a rise in revenue at its data services unit. NYSE-owner ICE has been focusing more on more stable business like data services, moving away from market-dependent services, in a bid to minimize the impact of volatility swings. Revenue from the transaction and clearing unit fell 3.2% to $626 million in the quarter. …read more
Source:: Yahoo Finance
