ICE nets small rise in income

American exchange business IntercontinentalExchange, which is in the process of buying NYSE Euronext for $8.2bn, yesterday reported a two per cent rise in quarterly profit, helped by an increase in market data revenues and slightly lower expenses. Net income attributable to the Atlanta-based commodities exchange was $129.5m (£82.7m), up from $126.8m. Revenues fell one per cent to $323m, as ICE’s futures business saw a one per cent decline in average daily volume.