April 30, 2020 / 11:46 AM / a month ago

REFILE-Exchange operator ICE profit jumps as trading volumes surge

(Refiles to fix typo in keyword used by media clients)

April 30 (Reuters) - Intercontinental Exchange Inc, which owns the New York Stock Exchange, reported a 34.3% rise in first-quarter profit on Thursday, helped by the coronavirus-fueled market volatility that led to a surge in trading volumes.

Net income attributable to the company rose to $650 million, or $1.17 per share, in the quarter ended March 31, from $484 million, or 85 cents per share, a year earlier.

Total revenue, excluding transaction-based expenses, rose 22.7% to $1.6 billion. (Reporting by Noor Zainab Hussain in Bengaluru Editing by Supriya Kurane)

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