New York, Feb 12, 2026, 15:46 EST — Regular session.
- ICE slipped roughly 1.6% in the afternoon, adding to yesterday’s almost 8% slide.
- ICE President Ben Jackson has filed to sell as many as 12,861 shares, according to the latest disclosure.
- This week, ICE rolled out CoinDesk-linked crypto futures, and also introduced a Polymarket signals data tool.
Shares of Intercontinental Exchange Inc (ICE.N) slipped 1.6% to $149.5 during Thursday afternoon trading, deepening the drop in the NYSE parent’s stock. The price has swung between $144.2 and $152.8 in today’s session.
The timing of the selling stings: ICE is rolling out crypto-linked derivatives and alternative data just as investors are on edge about risk and rates. Insider trading plans, typically business as usual, draw fresh scrutiny when the stock’s moving this quickly.
ICE shares slid 7.8% Wednesday, extending their drop to about 9% from Tuesday’s close, as trading surged—volume hit nearly 9 million, up from around 4.9 million a day earlier, Investing.com data show. 1
ICE President Benjamin Jackson is looking to sell as many as 12,861 shares, a regulatory filing showed. The total stake is valued at roughly $2.18 million and would be handled by Morgan Stanley Smith Barney. According to the Form 144, Jackson put the Rule 10b5-1 trading plan in place on Nov. 3, 2025. 2
Form 144 notifies U.S. regulators when an insider intends to offload restricted stock. A 10b5-1 plan, designed to address concerns about trades based on material non-public information, sets up a scheduled sale in advance, but it doesn’t force any shares to actually change hands.
ICE, best known for its futures markets, rolled out a slate of cryptocurrency futures this week, pegged to seven CoinDesk indices—among them, CoinDesk 20 and CoinDesk 5—as well as contracts linked to bitcoin, ether, solana, XRP and BNB. The firm clarified these new products settle in cash, not crypto, and are denominated in U.S. dollars. According to ICE, over $40 billion in assets now track CoinDesk indices. “The digital asset space is evolving rapidly,” said Jennifer Ilkiw, president of ICE Futures U.S. David LaValle, who heads up CoinDesk Data and Indices, called it a move into “regulated futures markets.” 3
ICE rolled out its new Polymarket “Signals and Sentiment” tool on Wednesday, offering institutional clients a feed that pulls prediction-market prices—contracts linked to real-world events—into one package. The exchange said it now holds exclusive rights to distribute this data to institutional capital markets. Chris Edmonds, who heads ICE’s fixed income and data services, pointed to Polymarket contracts as a way to “structure dynamic views” around key market events. Shayne Coplan, CEO of Polymarket, called the data a real-time look at “collective expectations.” 4
ICE has unveiled a revamped user interface for its MSP mortgage servicing platform, rolling out automation features the company says will slash manual processes—escrow tasks in particular, where touchpoints could drop by up to 87%. “A foundational step,” is how Bob Hart, president of ICE Mortgage Technology, described the update, adding that it enables “AI-driven productivity agents” for mortgage servicers. 5
Speaking at a Bank of America event this week, CFO Warren Gardiner told attendees that ICE is looking at “another year of high single-digit growth in 2026” for its data and network tech business, per a transcript. Gardiner noted better futures volumes as well, adding the company still aims to cut about $2,000 from the current $11,000 cost to originate a mortgage. 6
Morgan Stanley’s Michael Cyprys stuck with his Equal-Weight call on ICE, pushing the price target up to $183 from $180 in a Feb. 10 note, GuruFocus reported. 7
ICE shares took a harder hit Wednesday than rivals. According to MarketWatch data, CME Group lost 1.4%, Cboe Global Markets dipped 2.0%, and Nasdaq finished the session down 2.5%. 8
No lift from the wider market. Stocks dropped on Thursday, dragged lower by tech, with investors already eyeing upcoming U.S. inflation numbers, Reuters reported. 9
But exchange stocks aren’t immune to the downside. When markets quiet down—with volatility low and price swings muted—trading volumes can slacken. Regulatory scrutiny can also put the brakes on launches like ICE’s upcoming USDC overnight-rate futures. There’s also ICE’s mortgage tech segment, which still reacts sharply to interest rate shifts that can stall both origination and refis.
The market’s focus shifts to Friday, when the U.S. consumer price index for January drops at 8:30 a.m. ET. That release could spark another round of yield moves and volatility. 10
