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ICE lifts the lid on revenues from Libor unit

US derivatives exchange has faced questions from analysts on recent earnings calls about providing a breakdown of its benchmark revenues

ICE lifts the lid on revenues from Libor unit
Photo: Getty Images

Intercontinental Exchange has revealed the revenues earned from its first year as administrator of the much-maligned Libor benchmark – a figure that has kept industry analysts guessing on recent earnings calls with the US derivatives bourse.

ICE Benchmark Administration, based in London, posted revenues of $11.7 million for the year ended December 31, 2014, according to accounts filed today with the UK's Companies House. Profits were $364,000.

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