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This, plus higher exposure to market data (more steady, long term revenue stream), explains why $ICE is outperforming since the March bottom:pic.twitter.com/oZwpzaNzKr
im staying away from $CBOE - a good portion of their revenue comes from their VIX and S&P 500 options business, which has been hammered since the VIX spiked in March. I wrote on this in detail below if you're interested:https://seekingalpha.com/article/4336849-ghost-of-2018-returns-to-haunt-cboe-again …
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