The way I read the CEO's Letter, I thought he was referring to Revenues within the market that was transacted as contracted value. When I did reverse math, the numbers made sense for the $155.9 Million in Revenues that were being made by ICE.
Since I have not spoken to the company to get what is meant, I stated to consider my math faulty and move the decimals to the right one or two places. I think the same logic could apply for seeing the potential in CHNW.
Now that you mention it, I do see how you are interpreting the figure. Thanks for sharing your thoughts.