PART II Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
The Company’s common stock is listed on the New York Stock Exchange where it trades under the symbol AA.
The Company’s quarterly high and low trading stock prices and dividends per common share for 2015 and 2014 are shown below.
## Table 0 ##
The number of holders of record of common stock was approximately 10,101 as of February 11, 2016.
historical results for us and Interactive Data and Trayport for the years ended December 31, 2015 and 2014 in the following table (in millions, except per share amounts).
## Table 1 ##
Other Acquisitions On June 30, 2016, we acquired a majority equity position in MERS, owner of Mortgage Electronic Registrations Systems, Inc.  MERS is a privately held, member-based organization that owns and manages the MERS?
System and is made up of thousands of lenders, servicers, sub-servicers, investors and government institutions.
In addition, we have entered into a software development agreement to rebuild the MERS?
System to benefit the U. S.  residential mortgage finance market.
The MERS?
System is a national electronic registry that tracks the changes in servicing rights and beneficial ownership interests in U. S. -based mortgage loans.
The terms of the MERS acquisition include a right for us to purchase all of the remaining equity interests of MERS after we satisfy our deliverables under the software development agreement.
In addition, the MERS equity holders may exercise a put option to require us to purchase all of the remaining equity interests of MERS.
Each of these terms is subject to certain price provisions.
Because we do not have the ability to control MERS’ operations, we have recorded the purchase as an equity method investment and our ratable share of net income (loss) in MERS in future periods will be recorded in our consolidated statements of income as equity earnings of our unconsolidated subsidiaries, below operating income in other income (loss).
On October 7, 2014, we acquired 100% of the outstanding common stock of SuperDerivatives, a leading provider of risk management analytics, financial market data and valuation services for $358 million in cash.
The acquisition is intended to accelerate our multi-asset class clearing, risk management and market data strategy.
On February 3, 2014, we acquired 100% of the outstanding common stock of Singapore Mercantile Exchange (which has been renamed ICE Futures Singapore).
The acquisition included Singapore Mercantile Exchange Clearing Corporation (which has been renamed ICE Clear Singapore), a wholly-owned subsidiary of ICE Futures Singapore, which was the clearing house for all of its trades.
ICE Futures Singapore operates commodity futures markets in Singapore.
ICE Futures Singapore and ICE Clear Singapore retain licenses to operate as an approved exchange and an approved clearing house, regulated by the Monetary Authority of Singapore.
These licenses provided us with exchange and clearing licenses in Asia.
On December 2, 2014, we acquired 75% of the outstanding common stock of Holland Clearing House (which has been renamed ICE Clear Netherlands) to support our clearing strategy for financial products.
ABN AMRO Clearing Bank N. V. , or ABN AMRO, retained the remaining 25% minority interest in ICE Clear Netherlands.
ICE Clear Netherlands is a continental European derivatives clearing house based in Amsterdam and is the primary clearing house for The Order Machine, or TOM, a multi-lateral trading facility for equity options.
ICE Clear Netherlands is regulated and supervised in the Netherlands by the Authority for the Financial Markets and the Dutch Central Bank and is also European Market Infrastructure Regulation, or EMIR, authorized.
ABN AMRO's 25% ownership has been recorded as “redeemable non-controlling interest” in the accompanying consolidated balance sheets.4.
Short-Term and Long-Term Restricted Cash and Investments We own ICE Futures Europe, which operates as a U. K.  Recognized Investment Exchange.
As a U. K.  Recognized Investment Exchange, ICE Futures Europe is required by the Financial Conduct Authority in the U. K.  to restrict the use of the equivalent of six months of operating expenditures, subject to certain deductions, in cash or cash equivalents or investments at all times.
As of December 31, 2016 and 2015, this amount for ICE Futures Europe was $77 million and $57 million, respectively.
Such amounts are
share, for an aggregate payout of $476 million in 2017.
Refer to note 11 to our consolidated financial statements and related notes, which are included elsewhere in this Annual Report, for details on the amounts of our quarterly dividend payouts for the last three years.
For the first quarter of 2018, we announced a $0.24 per share dividend, which is a 20% increase over the prior dividend, which is payable on March 29, 2018 to shareholders of record as of March 15, 2018.
As a holding company, we have no operations and rely upon dividends from our subsidiaries in order to provide liquidity necessary to service our debt obligations and make dividend payments to our shareholders.
We and our subsidiaries are all required to comply with legal and regulatory restrictions, including restrictions contained in applicable general corporate laws, regarding the declaration and payment of dividends.
These laws may limit our or our subsidiaries’ ability to declare and pay dividends from time to time.
None of the indentures governing our and our subsidiaries’ outstanding indebtedness contain specific covenants restricting our ability, or the ability of our subsidiaries, to pay dividends absent a default on such indebtedness.
Our senior unsecured revolving credit facility in the aggregate amount of $3.4 billion, however, limits our ability to declare and make dividend payments, and other distributions of our cash, property or assets, if a default under the applicable facility has occurred and is continuing, or would occur as a result of our declaration and payment of any dividend or other distribution.
Our senior unsecured revolving credit facility contains customary financial and operating covenants that place restrictions on our operations, including our maintenance of specified total leverage and interest coverage ratios, which could indirectly affect our ability to pay dividends.
Refer to note 10 to our consolidated financial statements and related notes, which are included elsewhere in this Annual Report, for more information on our debt facilities.
Price Range of Common Stock Our common stock trades on the New York Stock Exchange under the ticker symbol “ICE.
” On February 5, 2018, our common stock traded at a high of $74.47 per share and a low of $71.27 per share.
The following table sets forth the quarterly high and low sale prices for the periods indicated for our common stock on the New York Stock Exchange.
## Table 2 ##
Equity Compensation Plan Information The following table provides information about our common stock that has been or may be issued under our equity compensation plans as of December 31, 2017: ?
Intercontinental Exchange, Inc.  2017 Omnibus Employee Incentive Plan ?
Intercontinental Exchange, Inc.  2013 Omnibus Employee Incentive Plan ?
Intercontinental Exchange, Inc.  2013 Omnibus Non-Employee Director Incentive Plan ?
Intercontinental Exchange, Inc.  2009 Omnibus Incentive Plan ?
Intercontinental Exchange, Inc.  2003 Restricted Stock Deferral Plan for Outside Directors ?
Intercontinental Exchange, Inc.  2000 Stock Option Plan ?
NYSE Omnibus Incentive Plan As Amended and Restated The 2000 Stock Option Plan was retired on May 14, 2009 when our shareholders approved the 2009 Omnibus Incentive Plan.
The 2009 Omnibus Incentive Plan was retired on May 17, 2013 when our shareholders approved the 2013 Omnibus Employee Incentive Plan.
The 2013 Omnibus Employee Incentive Plan was retired on May 19, 2017 when our shareholders approved the 2017 Omnibus Employee Incentive Plan.
No future grants will be made from the retired plans.
No future grants will be made to legacy NYSE employees under the NYSE Omnibus Incentive Plan.
All future grants to employees will be made under the Intercontinental Exchange, Inc.  2017 Omnibus Employee Incentive Plan and all future grants to directors will be made under the Intercontinental Exchange, Inc.  2013 Omnibus Non-Employee Director Incentive Plan.
## Table 3 ##
Handled volume represents the total number of shares of equity securities, ETFs and crossing session activity internally matched on our exchanges or routed to and executed on an external market center.
Matched volume represents the total number of shares of equity securities, ETFs and crossing session activity executed on our exchanges.
For NYSE cash equities, market share declined during 2017 due to historically low volatility driving more trading to offexchange trading venues, particularly dark pools.
For NYSE equity options, market share decreased due to a strategic focus on maximizing revenues in an extremely competitive environment.
Transaction-Based Expenses Our equities and equity options markets pay fees to the SEC pursuant to Section 31 of the Exchange Act.
Section 31 fees are recorded on a gross basis as a component of transaction and clearing fee revenue.
These Section 31 fees are designed to recover the government’s costs of supervising and regulating the securities markets and securities professionals.
We, in turn, collect activity assessment fees, which are included in transaction and clearing revenues in our consolidated statements of income, from member organizations clearing or settling trades on the equities and options exchanges and recognize these amounts when invoiced.
The activity assessment fees are designed so that they are equal to the Section 31 fees that are included in transaction-based expenses in our consolidated statements of income.
As a result, activity assessment fees and the corresponding Section 31 fees do not have an impact on our net income.
Activity assessment fees received are included in cash at the time of receipt and, as required by law, the amount due to the SEC is remitted semi-annually and recorded as an accrued liability until paid.
As of December 31, 2017, the accrued liability related to the un-remitted SEC Section 31 fees was $128 million.
We also incur liquidity payments made to cash and options trading customers and routing charges made to other exchanges that are included in transaction-based expenses.
We incur routing charges when we do not have the best bid or offer in the market

<table><tr><td></td><td>2015</td><td>2014</td></tr><tr><td>Quarter</td><td>High</td><td>Low</td><td>Dividend</td><td>High</td><td>Low</td><td>Dividend</td></tr><tr><td>First</td><td>$17.10</td><td>$12.65</td><td>$0.03</td><td>$12.97</td><td>$9.82</td><td>$0.03</td></tr><tr><td>Second</td><td>14.29</td><td>11.15</td><td>0.03</td><td>15.18</td><td>12.34</td><td>0.03</td></tr><tr><td>Third</td><td>11.23</td><td>7.97</td><td>0.03</td><td>17.36</td><td>14.56</td><td>0.03</td></tr><tr><td>Fourth</td><td>11.18</td><td>7.81</td><td>0.03</td><td>17.75</td><td>13.71</td><td>0.03</td></tr><tr><td>Year</td><td>17.10</td><td>7.81</td><td>$0.12</td><td>17.75</td><td>9.82</td><td>$0.12</td></tr></table>
<table><tr><td></td><td colspan="2">Year Ended December 31,</td></tr><tr><td></td><td>2015</td><td>2014</td></tr><tr><td>Total revenues, less transaction-based expenses</td><td>$4,308</td><td>$4,097</td></tr><tr><td>Operating income</td><td>1,997</td><td>1,700</td></tr><tr><td>Income from continuing operations attributable to ICE</td><td>1,379</td><td>1,085</td></tr><tr><td>Income from discontinued operations, net of tax</td><td>—</td><td>11</td></tr><tr><td>Net income attributable to ICE</td><td>1,379</td><td>1,096</td></tr><tr><td>Basic earnings per common share:</td><td></td><td></td></tr><tr><td>Continuing operations</td><td>$2.30</td><td>$1.76</td></tr><tr><td>Discontinued operations</td><td>—</td><td>0.02</td></tr><tr><td>Basic earnings per share</td><td>$2.30</td><td>$1.78</td></tr><tr><td>Diluted earnings per share</td><td></td><td></td></tr><tr><td>Continuing operations</td><td>$2.29</td><td>$1.76</td></tr><tr><td>Discontinued operations</td><td>—</td><td>0.02</td></tr><tr><td>Diluted earnings per share</td><td>$2.29</td><td>$1.78</td></tr></table>
<table><tr><td></td><td colspan="2">Common Stock MarketPrice</td></tr><tr><td></td><td>High</td><td>Low</td></tr><tr><td>Year Ended December 31, 2016</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$53.78</td><td>$45.79</td></tr><tr><td>Second Quarter</td><td>$54.39</td><td>$45.88</td></tr><tr><td>Third Quarter</td><td>$57.40</td><td>$50.18</td></tr><tr><td>Fourth Quarter</td><td>$59.86</td><td>$52.27</td></tr><tr><td>Year Ended December 31, 2017</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$61.98</td><td>$55.80</td></tr><tr><td>Second Quarter</td><td>$66.73</td><td>$57.91</td></tr><tr><td>Third Quarter</td><td>$68.88</td><td>$63.22</td></tr><tr><td>Fourth Quarter</td><td>$72.99</td><td>$64.91</td></tr></table>
<table><tr><td></td><td colspan="2">Year Ended December 31,</td><td></td><td colspan="2">Year Ended December 31,</td><td></td></tr><tr><td></td><td>2017</td><td>2016</td><td>Change</td><td>2016</td><td>2015</td><td>Change</td></tr><tr><td>Cash products (shares in millions):</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>NYSE listed (Tape A) issues:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Handled volume</td><td>1,086</td><td>1,269</td><td>-14%</td><td>1,269</td><td>1,203</td><td>5%</td></tr><tr><td>Matched volume</td><td>1,077</td><td>1,256</td><td>-14%</td><td>1,256</td><td>1,185</td><td>6%</td></tr><tr><td>Total NYSE listed consolidated volume</td><td>3,434</td><td>3,918</td><td>-12%</td><td>3,918</td><td>3,685</td><td>6%</td></tr><tr><td>Share of total matched consolidated volume</td><td>31.4%</td><td>32.1%</td><td>-0.7 pts</td><td>32.1%</td><td>32.2%</td><td>-0.1 pts</td></tr><tr><td>NYSE Arca, NYSE American and regional listed (Tape B) issues:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Handled volume</td><td>289</td><td>372</td><td>-22%</td><td>372</td><td>310</td><td>20%</td></tr><tr><td>Matched volume</td><td>281</td><td>360</td><td>-22%</td><td>360</td><td>296</td><td>22%</td></tr><tr><td>Total NYSE Arca, NYSE American and regional listed consolidated volume</td><td>1,188</td><td>1,536</td><td>-23%</td><td>1,536</td><td>1,355</td><td>13%</td></tr><tr><td>Share of total matched consolidated volume</td><td>23.7%</td><td>23.4%</td><td>0.2 pts</td><td>23.4%</td><td>21.8%</td><td>1.6 pts</td></tr><tr><td>Nasdaq listed (Tape C) issues:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Handled volume</td><td>145</td><td>186</td><td>-22%</td><td>186</td><td>217</td><td>-14%</td></tr><tr><td>Matched volume</td><td>136</td><td>177</td><td>-23%</td><td>177</td><td>206</td><td>-14%</td></tr><tr><td>Total Nasdaq listed consolidated volume</td><td>1,921</td><td>1,907</td><td>1%</td><td>1,907</td><td>1,894</td><td>1%</td></tr><tr><td>Share of total matched consolidated volume</td><td>7.1%</td><td>9.3%</td><td>-2.2 pts</td><td>9.3%</td><td>10.9%</td><td>-1.6 pts</td></tr><tr><td>Total cash volume handled</td><td>1,521</td><td>1,828</td><td>-17%</td><td>1,828</td><td>1,730</td><td>6%</td></tr><tr><td>Total cash market share matched</td><td>22.8%</td><td>24.4%</td><td>-1.5 pts</td><td>24.4%</td><td>24.3%</td><td>0.1 pts</td></tr><tr><td>Equity options (contracts in thousands):</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>NYSE equity options</td><td>2,375</td><td>2,719</td><td>-13%</td><td>2,719</td><td>2,867</td><td>-5%</td></tr><tr><td>Total equity options volume</td><td>14,697</td><td>14,391</td><td>2%</td><td>14,391</td><td>14,793</td><td>-3%</td></tr><tr><td>NYSE share of total equity options</td><td>16.2%</td><td>18.9%</td><td>-2.7 pts</td><td>18.9%</td><td>19.4%</td><td>-0.5 pts</td></tr><tr><td>Revenue capture or rate per contract:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash products revenue capture (per 100 shares)</td><td>$0.051</td><td>$0.049</td><td>6%</td><td>$0.049</td><td>$0.050</td><td>-4%</td></tr><tr><td>Equity options rate per contract</td><td>$0.151</td><td>$0.143</td><td>5%</td><td>$0.143</td><td>$0.156</td><td>-8%</td></tr></table>

Question: In the year with the most First Quarter of High in Table 2, what is the growth rate of Total NYSE listed consolidated volume in Table 3?
Answer: -0.12353