Is NYSE Becoming MSCI’s U.S. Options Hub Altering The Investment Case For Intercontinental Exchange (ICE)?

In early January 2026, the New York Stock Exchange, part of Intercontinental Exchange, announced it would become the U.S. options listings venue for key MSCI benchmark indexes, with contracts to be listed on NYSE Arca and NYSE American options markets pending regulatory approval. This move deepens ICE’s long-running partnership with MSCI and extends its role in index-linked derivatives, building on its already very large share of global MSCI futures trading volumes and benchmark risk-management tools. We’ll now explore how adding U.S.-listed options on MSCI benchmarks could influence Intercontinental Exchange’s long-term investment narrative and growth drivers.

Find companies with promising cash flow potential yet trading below their fair value.

Intercontinental Exchange Investment Narrative Recap

To own Intercontinental Exchange, you need to believe in the resilience of its exchange, data and mortgage technology franchises, despite cyclical and regulatory pressures. The new NYSE role as the U.S. options venue for MSCI benchmarks strengthens ICE’s equity derivatives ecosystem, but does not materially change the key near term swing factors, which still center on integration execution in mortgage technology and ongoing competition and fee pressure across its core trading businesses.

Among recent developments, ICE’s plan to invest up to US$2 billion in Polymarket stands out as especially relevant. It highlights how ICE is extending its reach into newer market structures built on digital and prediction markets infrastructure, which sits alongside growth efforts like MSCI index derivatives and could support its longer term electronification and data driven catalysts, while adding a different set of regulatory and technology risks to monitor.

Yet investors should be aware that rising technology spend and competition from alternative trading venues could…

Read the full narrative on Intercontinental Exchange (it’s free!)

Intercontinental Exchange’s narrative projects $11.4 billion revenue and $4.1 billion earnings by 2028. This requires 5.7% yearly revenue growth and about a $1.1 billion earnings increase from $3.0 billion today.

Uncover how Intercontinental Exchange’s forecasts yield a $189.36 fair value, a 9% upside to its current price.

Exploring Other PerspectivesICE Earnings & Revenue Growth as at Jan 2026

Five Simply Wall St Community fair value estimates for ICE span roughly US$115 to US$189 per share, underscoring how far apart individual views can be. Against this, the long term catalyst many of you focus on is ICE’s expansion in index linked derivatives and data, so it is worth weighing how that interacts with its exposure to cyclical energy and commodities volumes when you compare different valuation opinions.

Explore 5 other fair value estimates on Intercontinental Exchange – why the stock might be worth as much as 9% more than the current price!

Build Your Own Intercontinental Exchange Narrative

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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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