Does Intercontinental Exchange Belong In Your Portfolio?
Intercontinental Exchange (NYSE: ICE) showed its strength in 2020. Its revenue and earnings were both helped by increased volatility in the markets, along with historically low interest rates that increased mortgage lending activity and benefited the company's new mortgage technology segment. This new segment -- which it has spent the past four years growing -- focuses on solving inefficiencies in the U.S. residential mortgage market.
However, the company faces potential regulatory threats to its data services business, as well as increasing competition from the new exchange on the block, Members Exchange. Here are a few things you should know before you plunge into ICE.
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Source Fool.com
