ICE是一个持仓，因其估值低于20倍自由现金流，以及其内部清算业务的保护性质。
逐段跳播
我们持有 CME、ICE（即洲际交易所），此外我还持有场外交易市场，即那个小交易所。
We own CME, we own ICE, uh which is Intercontinental Exchange, and then I own as well the OTC markets, which is the the small exchange.
例如，洲际交易所的交易价格，我认为现在仍然低于自由现金流的 20 倍。
So, for example, um Intercontinental Exchange was trading at and I think it still is trading at less than 20 times free cash flow.
因此，另一部分是，当然，CME 和 ICE 不仅从人们承担风险中受益，他们还从人们对冲风险中受益。
And so the other part of it is of course is that you know the CME and the and and IC they don't just benefit from people taking risk they benefit from people hedging risk.
我认为，拥有像洲际交易所这样的公司的一个好处，以及我们选择它和 CME 的原因之一是，它们都拥有自己的内部清算业务，这保护投资者免受交易对手无法满足追加保证金要求的影响。
I think one of the benefits of owning a company like um Intercontinental Exchange and one of the reasons that we picked that one and CME is they both have they both have their own internal clearing operation uh which protects investors from, you know, basically the other side not being able to meet their margin call.
这个频道对 $ICE 的历次判断
The Acquirers Podcast 在这只股票上只有这一条判断。