ICE Positions as Valuations Vendor with Interactive Data Buy; Data Consumers Concerned by Potential Impact on Competition
User firms remain wary of potential price increases for IDC data under ICE ownership.
During a conference call discussing the exchange's third-quarter revenues and the IDC acquisition, ICE chief financial officer Scott Hill announced that revenues from data services for Q3 2015 reached "a record" $209 million, up 24 percent over Q3 last year, and said that "data is a key driver for growth" at ICE.
From a strategic standpoint, IDC will enable ICE to become a "foremost provider of tools and information required to value risk across energy, agriculture, credit futures, equities
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