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ICE profit soars 41 percent, beating Street

Wed, 08/04/2010 - 6:31am
Reuters

NEW YORK (Reuters) - IntercontinentalExchange Inc said second-quarter profit soared 41 percent, topping expectations, as marketplace volatility boosted futures and over-the-counter trading at the exchange operator.

The results showed trading has rebounded in the company's core energy and commodities contracts. Meanwhile, Europe's debt woes and growing concern over the global economic recovery have rattled stock and debt markets, driving trade in its financial contracts.

The company, known as ICE, is the fifth big market operator to beat Wall Street expectations in the second quarter.

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