Form 10-Q · Quarterly report
Intercontinental Exchange 10-Q, filed Oct 29, 2026
- Filed
- CIK
- 0001571949
- Accession no.
- 0001571949-26-000015
Summary
Intercontinental Exchange said the U.S. Department of Justice and Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period for its pending $6.0 billion cash acquisition of MarketAxess Holdings, and it now expects the deal to close in the first quarter of 2027. The exchange operator also reported that market and interest-rate volatility increased trading in energy, interest-rate and equity futures, credit default swaps and bonds, while higher mortgage rates weighed on its Mortgage Technology segment.
Key points
- Intercontinental Exchange agreed on July 29, 2026 to acquire MarketAxess Holdings in an all-cash deal valued at about $6.0 billion, or $167 per share.
- The U.S. Department of Justice and Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period effective October 21, 2026, satisfying that condition for the acquisition; other approvals and customary closing conditions remain.
- Intercontinental Exchange expects the MarketAxess merger to close in the first quarter of 2027.
- Higher mortgage rates have reduced consumer and investor demand for mortgages and adversely affected transaction-based revenue in the Mortgage Technology segment, the company said.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Overview We are a leading global provider of technology and data to a broad range of customers including financial institutions, corporations and government entities. Our products, which span major asset classes including futures, equities, fixed income and U.S. residential mortgages, provide our customers with access to mission critical tools that are designed to increase asset class transparency and workflow efficiency. …
An excerpt of the text as filed with the SEC, cut for length.
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