Intercontinental Exchange Maintains Core Trends

Jefferies & Company, Inc. has published a research report on Intercontinental Exchange ICE after meeting with ICE's senior management at the FIA conference in Chicago. Jefferies & Company writes, "With the Republican party gaining majority in the House, there has been increased concern that the progress of financial reform could be slowed. This is a concern that we share, but in general we do not believe the financial reform is in jeopardy. We believe the process has moved too far along to turn back and the directives already given to the agencies such as the CFTC and the SEC are sufficiently underway to change dramatically. Ultimately the migration of trading from the OTC markets to an exchange and/or cleared environment remains a positive for the publicly listed exchanges." Jefferies & Company maintains its Hold rating and the price target is set at $120. Intercontinental Exchange closed Friday at $117.44.