Roughly $48,000 flowed through Intercontinental Exchange stock in a five-week burst of trading by Rep. Ro Khanna’s household earlier this year, according to newly disclosed filings.
The transactions, spanning Feb. 24 to March 30, involved six separate trades in ICE, the $90.8 billion operator of the New York Stock Exchange. Most were executed in small tranches valued between $1,000 and $15,000, a common disclosure range under congressional reporting rules.
Intercontinental Exchange shares currently trade at $159.20, within a 52-week range of $143.17 to $189.35.
A rapid series of buys and sells
The activity included both purchases and sales, with several transactions occurring on the same day — suggesting short-term repositioning rather than a long-term build.
- Feb. 24, 2026: Buy ($1,000–$15,000) — reported under “DC”
- March 10, 2026: Buy ($1,000–$15,000) — Spouse
- March 10, 2026: Sell ($1,000–$15,000) — Spouse
- March 23, 2026: Buy ($1,000–$15,000) — Spouse
- March 23, 2026: Sell ($1,000–$15,000) — Spouse
- March 30, 2026: Sell ($1,000–$15,000) — reported under “DC”
The paired buy-and-sell transactions on March 10 and March 23 effectively created quick round trips inside the same trading sessions. Because lawmakers disclose transactions in broad dollar ranges, the exact gains or losses are not public.
In total, the trades amount to approximately $48,000 in reported value.
Exchange operator under Washington’s microscope
ICE sits at the center of U.S. capital markets infrastructure, operating exchanges, clearinghouses, and data services businesses. It also owns the New York Stock Exchange and has a major presence in mortgage technology through Ellie Mae.
Khanna serves on the House Committee on Armed Services and the House Committee on Oversight and Government Reform, as well as the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. While none of those panels directly regulate exchanges, Oversight has jurisdiction to investigate financial market structure, regulatory agencies, and systemic risk issues — areas that can intersect with ICE’s operations.
At least 28 other lawmakers have reported trading ICE, reflecting the company’s prominence in U.S. financial markets.
Part of a broader trading pattern
Khanna has disclosed 17,672 trades over the course of his congressional career, placing him among the more active members in terms of transaction volume. The ICE activity represents a relatively small slice of that history but stands out for its tight clustering and same-day reversals.
Under the STOCK Act, members of Congress must disclose stock trades within 45 days, but they are permitted to buy and sell individual equities. The ICE filings were reported within that framework and are now part of the public record alongside other latest congressional trades.
Whether the trades reflect tactical positioning during a volatile stretch for financial stocks or routine portfolio management is not clear from the disclosures alone. What is clear is that over just five weeks, Khanna’s household cycled tens of thousands of dollars through one of the most consequential companies in U.S. market infrastructure.