The recent decline in the stock market was mainly due to high inflation numbers, aggressive interest rate hikes, and geopolitical tensions. At the current price of $96 per share, ICE stock is trading 29% below its fair value of $134 – Trefis’ estimate for Intercontinental Exchange’s valuation. The firm recently released its second-quarter statistics, with total average daily volume (ADV) increasing by 12% y-o-y.