Atlanta-based derivatives market operator IntercontinentalExchange has reported a 58% jump in second quarter profits, spurred by heavy oil trading and lively growth in the company's over-the-counter derivatives business.
ICE said net profit rose to $84.9m (â¬54.5m) in the three months to June from $53.7m for the same period last year. The result, driven by a 42% increase in transaction fees, just missed the $85.3m mean estimate of eight analysts surveyed by Bloomberg, and was down 8% from the first quarter.
