Intercontinental Exchange Fixed Income and Data Services — Rebates remained flat by 0.0% to $2.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.3%, from $1.75M to $2.00M. Over 3 years (FY 2022 to FY 2025), Fixed Income and Data Services — Rebates shows an upward trend with a 38.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase may indicate higher competitive pressure to attract volume, while a decrease could suggest stronger platform stickiness or reduced incentive requirements.
Represents incentive payments made to market participants or liquidity providers within the fixed income and data servic...
Commonly referred to as liquidity rebates or volume incentives in exchange and trading platform peer groups.
ice_segment_fixed_income_and_data_services_rebates| FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|
| Value | $3.00M | $5.00M | $7.00M | $8.00M |
| YoY Change | — | +66.7% | +40.0% | +14.3% |