Intercontinental Surges 140.54% in Volume to Crack Top 100 at 96th as ICE Slumps

On September 18, 2025, Intercontinental recorded a trading volume of $1.01 billion, a 140.54% increase from the previous day, ranking it 96th in the stock market. Meanwhile, ICE fell 0.65%.

Recent market activity highlights Intercontinental’s elevated liquidity profile, driven by strategic positioning in energy commodities and global trade corridors. Analysts noted heightened institutional activity in derivatives linked to its core assets, though earnings guidance remained unremarkable in the latest quarterly report. Regulatory developments in cross-border logistics also contributed to speculative positioning, with traders adjusting exposure amid shifting geopolitical risk assessments.

The back-testing methodology proposed requires constructing a daily basket of the 500 highest-volume U.S. stocks, holding them for one session, and repeating the process. Current limitations in the testing framework necessitate either importing pre-ranked volume lists or narrowing the universe to subsets like the S&P 500. Alternative approaches include using liquidity-weighted ETFs or analyzing individual high-volume tickers to approximate the "buy-on-volume" signal.