Intercontinental Exchange, the electronic exchange group, on Monday reported the second strongest quarter in its history, benefitting from volatile energy markets in its second quarter as companies sought to hedge against spiralling oil prices by buying futures contracts or increasing their use of over-the-counter trading.

Net profits rose 58 per cent to $85m or $1.19 per share, up from $53.7m or 75 cents per share in the second quarter of 2007, on revenues up 44 per cent to $197.2m.