Products & Services · Rebates

Cash Equities and Equity Options — Rebates

Intercontinental Exchange Cash Equities and Equity Options — Rebates remained flat by 0.0% to $15.25M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 52.5%, from $10.00M to $15.25M. Over 4 years (FY 2021 to FY 2025), Cash Equities and Equity Options — Rebates shows an upward trend with a 4.6% CAGR.

Analysis

StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2018
Last reportedQ4 2025

How to read this metric

An increase in rebates typically signals higher trading volumes and increased liquidity provision, while a decrease may indicate lower activity or a shift in the exchange's competitive pricing strategy.

Detailed definition

This metric represents the total payments made by the exchange to liquidity providers, such as market makers, for execut...

Peer comparison

Comparable to liquidity rebates or maker-taker incentives reported by other major exchange operators like Nasdaq or Cboe Global Markets.

Metric ID: ice_segment_cash_equities_and_equity_options_rebates

Historical Data

5 years
 FY'21FY'22FY'23FY'24FY'25
Value$51.00M$50.00M$61.00M$40.00M$61.00M
YoY Change-2.0%+22.0%-34.4%+52.5%
Range$40.00M$61.00M
CAGR+4.6%
Avg YoY Growth+9.5%
Median YoY Growth+10.0%

Frequently Asked Questions

What is Intercontinental Exchange's cash equities and equity options — rebates?
Intercontinental Exchange (ICE) reported cash equities and equity options — rebates of $15.25M in Q4 2025.
How has Intercontinental Exchange's cash equities and equity options — rebates changed year-over-year?
Intercontinental Exchange's cash equities and equity options — rebates increased by 52.5% year-over-year, from $10.00M to $15.25M.
What is the long-term trend for Intercontinental Exchange's cash equities and equity options — rebates?
Over 4 years (2021 to 2025), Intercontinental Exchange's cash equities and equity options — rebates has grown at a 4.6% compound annual growth rate (CAGR), from $51.00M to $61.00M.
What does cash equities and equity options — rebates mean?
The total fees paid by the exchange to market participants who provide liquidity to the trading platform.