Public | |
Traded as | : ICE S&P 500 Component |
Industry |
Business services Financial services Financial Markets Technology |
Founded | May 11, 2000 |
Headquarters | Atlanta, Georgia, United States of America |
Key people
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Jeffrey C. Sprecher, Founder/Chairman/CEO |
Products |
Clearing Exchange Listing Financial Data |
Revenue |
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Subsidiaries | |
Website | www.theice.com |
Footnotes / references |
Intercontinental Exchange (traded as ICE) is an American business and finance company founded on May 11, 2000 by Jeffrey Sprecher, headquartered in Atlanta, Georgia. It owns exchanges and clearing houses for financial and commodity markets, and operates 23 regulated exchanges and marketplaces. ICE futures exchanges in the United States, Canada and Europe, Liffe futures exchanges in the US and Europe, , Equity options exchanges, OTC energy, credit and equity markets. ICE also owns and operates 5 central clearing houses; ICE Clear Europe, ICE Clear U.S., ICE Clear Canada, ICE Clear Credit, and The Clearing Corporation. ICE has offices in New York, London, Chicago, Houston, Winnipeg, Amsterdam, Calgary, Washington, D.C., San Francisco and Singapore.
Jeffrey C. Sprecher, founder, chairman, and Chief Executive Officer, was a power plant developer who spotted a need for a seamless market in natural gas used to power generators. In the late 1990s, Sprecher acquired Continental Power Exchange, Inc. with the objective of developing an Internet-based platform to provide a more transparent and efficient market structure for OTC energy commodity trading.(Popper 2013)
In May 2000, ICE was founded by Sprecher and backed by Goldman Sachs, Morgan Stanley, BP, Total, Shell, Deutsche Bank and Société Générale who represent some of the world's largest energy traders.