Intercontinental Exchange

ICE's revenue comes primarily from exchange transaction fees, clearing fees, data services, and listings. While some of these activities involve market speculation, they represent legitimate market infrastructure services where actual value and assets are exchanged. The company facilitates real trading and clearing of securities and commodities, which is fundamentally different from gambling. Its activities involve providing essential market infrastructure rather than zero-sum betting activities.

Looking at the last four quarters of financial data, ICE's interest expense shows a consistent pattern relative to total expenses. The interest expense ratio remains below the 5% threshold that would indicate material reliance on interest. The company's core revenue comes from exchange operations, market data, and technology services rather than interest-based activities.

Based on available information from SEC filings and company disclosures, there is no evidence of substantial ongoing ties with entities involved in human rights violations. While ICE operates globally, there are no documented significant associations with the Chinese Communist Party or the state of Israel that would raise concerns.