Under the agreement, ICE will pay $167 per MarketAxess share, a 33% premium to the company’s prior closing price. GAAP net income attributable to ICE was $958 million, or $1.69 per diluted share, while adjusted net income reached $1.1 billion. Adjusted operating income totaled $1.6 billion, producing a 61% adjusted operating margin. During the quarter, recurring revenue increased 8% to $1.35 billion, while transaction revenue edged 2% higher to $1.31 billion. ICE’s exchanges segment generated $1.46 billion in revenue and maintained an industry-leading 75% adjusted operating margin.