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.
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.
This metric represents the total payments made by the exchange to liquidity providers, such as market makers, for execut...
Comparable to liquidity rebates or maker-taker incentives reported by other major exchange operators like Nasdaq or Cboe Global Markets.
ice_segment_cash_equities_and_equity_options_rebates| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $51.00M | $50.00M | $61.00M | $40.00M | $61.00M |
| YoY Change | — | -2.0% | +22.0% | -34.4% | +52.5% |