IntercontinentalExchange has invested $15.7 million in its benchmark business since the start of 2013, as the exchange group forges ahead with reforms to the Libor benchmark it inherited as part of its takeover of NYSE Euronext.

According to company filings, ICE Benchmark Administration received $13.5 million in funding from parent company ICE in 2013 and has received an additional $2.2 million so far this year.