Intercontinental Exchange Margin deposits and guaranty funds decreased by 8.2% to $76.79B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.5%, from $82.15B to $76.79B. Over 2 years (FY 2023 to FY 2025), Margin deposits and guaranty funds shows relatively stable performance with a -1.4% CAGR.
An increase reflects higher market activity or increased risk requirements for clearing members, while a decrease may indicate lower trading volumes or reduced margin requirements.
This represents the collateral held by the exchange from clearing members to secure their obligations. It is a critical...
Standard for clearinghouses and derivatives exchanges; peers like CME Group report similar segregated collateral balances.
current_liabilities_margin_deposits_and_guaranty_funds_l_d86016| Q4 '23 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|
| Value | $78.98B | $78.77B | $82.15B | $83.29B | $86.22B | $83.61B | $76.79B |
| QoQ Change | — | -0.3% | +4.3% | +1.4% | +3.5% | -3.0% | -8.2% |
| YoY Change | — | — | +4.0% | — | — | +6.1% | -6.5% |