Lots of talk aboutABAXX could hit 1m contracts a day Just for LNG.
Aug 19th James Duade on X
Industry Avg=$2 per trade
Avg P/S multiple for Exchanges=10
250 trading days per year
Avg rev % attributed to data for ICE/CME=10%
(1M contracts per day * $2)*250 days=$500M
$500M * Data rev 10%=$50M
($500M + $50M)* p/s (10)=$5.5B
Abaxx ownership of Abaxx Exc=80%