Market Overview

NYSE Completes Historic First Half of 2018

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Holds #1 spot among global exchanges for capital raising and ETFs;
Expands
trading to include all U.S. securities;

Successfully
executes launch of the first direct listing

The New York Stock Exchange (NYSE), a wholly owned subsidiary of
Intercontinental Exchange (NYSE:ICE), extended its leadership as the
premier venue for global capital raising, and the exchange of choice for
issuers. The NYSE marked a number of milestones in the first half of
2018, positioning itself for continued growth, including:

  • Ranked the #1 global exchange, raising $19.3 billion in proceeds from
    U.S. initial public offerings (IPOs) and $7.5 billion in assets under
    management (AUM) from U.S. exchange traded funds (ETFs).
  • Expanded trading of all U.S securities including non-NYSE listed
    securities, including all ETFs onto the NYSE, and launched NYSE
    National, delivering greater choice to market participants.
  • Reinforced the value of its unique market model, combining
    state-of-the-art technology with human judgement to successfully
    complete the first NYSE Direct Floor Listing with Spotify (NYSE: SPOT), and delivered the least volatility and tightest spreads during
    all market conditions, including the significant market declines in
    February.
  • Announced a new executive leadership team, led by the appointment of
    NYSE Group's first female president, Stacey Cunningham.

"At no other time in its history has the NYSE offered market
participants more choice or flexibility in how they list, trade and
manage their companies and investments," said NYSE Group President,
Stacey Cunningham. "We approach our role as the world's leading exchange
with a profound sense of duty, and we will continue to innovate to
ensure that the U.S. capital markets remain the leading markets in the
world, and that our customers are supported in the best way possible."

The Leading Exchange for Capital Raising and ETFs

From January 1 to June 30, 2018, the NYSE maintained its leadership role
in capital raising and listings, including:

  • IPO Leadership: 41 IPOs raising $19.3 billion in proceeds. An
    additional $52 billion was raised in proceeds as a result of follow-on
    financing.
  • ETF Leadership: NYSE Arca leads the industry as the largest
    exchange for ETF trading.
  • International IPOs: 12 IPOs, raising $5.2 billion. New
    international listings crossed geographies from Asia to North, Central
    and South America, and included companies such as PagSeguro (NYSE: PAGS), Hudson Ltd. (NYSE:HUD) and Huya (NYSE:HUYA).
  • Spins: Conducted nine spin-offs totaling $24 billion in market
    cap, including Wyndham Hotels & Resorts, nVent Electric, Apergy and
    Veoneer.
  • Alternative
    IPO Paths
    : Listed six Special Purpose Acquisition
    Companies (SPACs) and the first NYSE Direct Floor Listing with Spotify
    (NYSE:SPOT), employing the Exchange's expertise to help companies
    explore new ways to enter the public market.

"The NYSE market model once again excelled as we completed the U.S.'s
first direct listing, offering greater choice for companies as they look
to exit private markets and provide greater value to investors," said
COO and Head of Global Listings for NYSE Group, John Tuttle. "With a
community of over 2,400 global listed companies, we will continue to
invest in, and advocate for ways to make markets more accessible and
less complex for issuers and investors."

Expanding Offerings and Choice

The NYSE's first half performance was further underscored by the
expansion of trading of all U.S.-listed securities - both those listed
on NYSE and non-NYSE exchanges, including ETFs - onto NYSE. For the
first time in history, customers can now trade all U.S. listed
securities on the NYSE Trading Floor, and take advantage of the advanced
tools available to customers. This contributed to NYSE Group's volume
increasing more than any other exchange group since April. In addition,
the NYSE launched NYSE National, a trading-only venue that trades all
U.S-listed securities using a simple price/time priority allocation
method using a ‘taker-maker' pricing model. These advancements were the
result of a strategic effort to deliver purpose-built exchanges for
issuers, and create greater choice to market participants in where and
how they invest and trade.

For more information on the New York Stock Exchange, click
here
.

About NYSE Group

NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:ICE), a
leading operator of global exchanges and clearing houses, and a provider
of data and listings services. NYSE Group's equity exchanges -- the New
York Stock Exchange, NYSE American, NYSE Arca and NYSE National -- trade
more U.S. equity volume than any other exchange group. The NYSE is the
premier global venue for capital raising, leading worldwide in IPOs,
including technology IPOs. NYSE Arca Options and NYSE Amex Options are
leading equity options exchanges. To learn more, visit www.nyse.com/index.

About Intercontinental Exchange

Intercontinental
Exchange
 (NYSE:ICE) is a Fortune 500 and Fortune Future 50 company
formed in the year 2000 to modernize markets. ICE serves customers by
operating the exchangesclearing
houses
 and information services they rely upon to invest, trade and
manage risk across global financial and commodity markets. A leader in
market data, ICE Data
Services
 serves the information and connectivity needs across
virtually all asset classes. As the parent company of the New
York Stock Exchange
, the company raises more capital than any other
exchange in the world, driving economic growth and transforming markets.

Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at http://www.intercontinentalexchange.com/terms-of-use.
Key Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation can
be accessed on the relevant exchange website under the heading "Key
information Documents (KIDS)."

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 -- Statement in this press release regarding ICE's business that
are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2016, as filed with the SEC on February 7, 2017.

SOURCE: Intercontinental Exchange

ICE-CORP

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