-- Second Quarter GAAP Diluted EPS of $0.71 vs. $0.49 in Prior Year --

-- Non-GAAP Diluted EPS of $0.63, Up 24% Excluding Merger Expenses, Exit Costs and Discrete Items --

-- Global Leader in IPOs Year-to-Date; Share of Tech IPOs at 64% --

-- Cumulative $161 Million in Project 14 Cost Savings Achieved; 64% of $250 Million Project 14 Goal --

-- Significant Progress Made on the Proposed ICE Transaction --

-- Clearing for London-Based Derivatives Market Transitioned to ICE Clear Europe --

Financial and Operating Highlights1, 2

  • Diluted non-GAAP EPS of $0.63, up 24% compared to 2Q12; Up 11% from 1Q13
  • Net revenue of $611 million up 1% compared to 2Q12; Up 2% from 1Q13
  • Fixed operating expenses of $382 million, down 5% on constant dollar / portfolio basis vs. 2Q12
  • Operating income of $229 million, up 11% compared to 2Q12; Up 4% from 1Q13
  • Debt-to-EBITDA ratio 1.9 times, down from 2.5 times at end of 2012
  • Board declares third quarter 2013 cash dividend of $0.30 per share provided that the ICE transaction has not been completed as of the September 16th record date.

1 All comparisons versus 2Q12 unless otherwise stated. Excludes merger expenses, exit costs, charge for fair value adjustment to RSU awards, disposal activities and discrete tax items.

2 A full reconciliation of our non-GAAP results to our GAAP results is included in the attached tables. See also our statement on non-GAAP financial measures at the end of this earnings release.

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