Intercontinental Exchange, Inc. (NYSE:ICE) Q1 2024 Earnings Call Transcript

And even in oil, I’d point out that we’ve been from an environmental perspective investing in new contracts like our RINs contracts, Renewable Identification Numbers, as the EPA continues to raise the number of the amount of renewable fuels that needs to be blended into gasoline, and that used to be a very much an OTC opaque market. And we’ve introduced futures into that, and it’s been growing very nicely for us as well. So we continue to innovate in this space, not only within oil, but I think it’s important to look at it in the broader context of our energy business.

Operator: We have no further questions. So I hand back to Jeff Sprecher, CEO for closing remarks.

Jeffrey Sprecher: Well, thank you, Emily. Thanks all for joining us this morning. And I want to thank my colleagues again for a record first quarter and our customers for their continued business and trust. And we look forward to updating you again soon as we continue to try to innovate and build out this all-weather business model. Have a good day.

Operator: Thank you everyone for joining us today. This concludes our call and you may now disconnect your lines.