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Atlanta-based Intercontinental Exchange, Inc. (ICE) engages in the provision of market infrastructure, data services, and technology solutions for institutions, corporations, and government entities. With a market cap of $98.6 billion, ICE operates through Exchanges, Fixed Income and Data Services, and Mortgage Technology segments.
Companies worth $10 billion or more are generally described as “large-cap stock,” and ICE fits the bill perfectly. Given the company operates as a leading global operator of securities exchanges and clearing houses, its valuation above this mark is unsurprising.