Updated January 11, 2021 Crypto trading exchange Bakkt, which counts NYSE-owner Intercontinental Exchange, Inc. ( ICE) among its investors, is going public at the New York Stock Exchange. Sprecher was born in Madison, Wisconsin, the son of insurance broker Peter Sprecher and medical technologist Phyllis (ne Willingham). She served in the Executive Office, working alongside the firm's senior management, including the Chairman and CEO, and was Secretary to the Management Committee. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. From its humble beginnings, a string of innovations and acquisitions quickly followed, beginning with buying the International Petroleum Exchange in 2001, the New York Board of Trade in 2007, Creditex in 2008, the Clearing Corporation in 2009 the Climate Exchange in 2010 and the NYSE itself in 2013. "Investor FAQs," Select "When was ICEs initial public offering on the NYSE? We were the first to digitize exchanges, and we continue to lead the way on price transparency, capital raising, ESG indexing, risk mitigation and more. Intercontinental Exchange - Governance - Board of Directors & Committee "[8][9], In 1996 he bought the Continental Power Exchange in Atlanta from MidAmerican Energy Holdings Company for $1 plus the assumption of debt, which became the foundation for Intercontinental Exchange (ICE). Intercontinental Exchange and its Board of Directors have established Audit, Compensation, Risk, and Nominating & Corporate Governance committees, each of which is comprised solely of independent directors as set forth below: Please refer to the Governance Overview page for committee charter documents. Our History An interview series with Jeff Sprecher, Founder, Chairman & CEO, Intercontinental Exchange. Finance. [8][9], In the 1990s energy trading was handled manually by "Continental Power Exchange, an electronic energy trading company. Member. Prior to joining ICE as a result of the acquisition of LIFFE by ICE in 2013, Williams spent 10 years consulting with Protiviti and Accenture, working on a broad range of initiatives with exchanges, clearing houses and other financial sector clients. Intercontinental Exchange. Stuart Williams is Chief Operating Officer at Intercontinental Exchange, Inc. (NYSE: ICE). King holds a J.D. On September 23, 2019, Bitcoin will be able to be acquired.[12]. She also oversees internal communications and employee learning and development programs. The Intercontinental Exchange (ICE) is an American company that owns and operates financial and commodity marketplaces and exchanges. [14][15], On March 20, 2020, the consumer advocacy group Common Cause filed complaints against Sprecher and Loeffler with the Securities and Exchange Commission, the United States Senate Ethics Committee, and the United States Justice Department, requesting from the latter a criminal investigation of the couple for violations of the STOCK Act. Also known as ICE, this Atlanta-based company owns exchanges for financial and commodity markets, including the New York Stock Exchange. [19][20] They reside in Tuxedo Park, Atlanta in a $10,500,000, 15,000 square foot estate named Descante, though the property was later reappraised for around $4 million, resulting in far lower property taxes. A swap is a derivative contract through which two parties exchange financial instruments, such as interest rates, commodities, or foreign exchange. In October 2016 it announced its decision to require ICE to sell Trayport, having ruled that the merger could lead to a substantial lessening of competition. ICE has offices in Atlanta, New York, London, Chicago, Bedford, Houston, Winnipeg, Amsterdam, Calgary, Washington, D.C., San Francisco, Tel Aviv, Rome, Hyderabad, Singapore and Melbourne. [6][7], Sprecher's first job was at Trane, where he met William Prentice who was developing power plants following deregulation. ICE-Owned Crypto Trading Exchange Bakkt Is Going Public - Investopedia Senator Kelly Loeffler sold millions of dollars of stock the couple owned in companies vulnerable to the COVID-19 pandemic. in Economics and Spanish from Wellesley College. Surdykowski oversees ICEs legal affairs globally, including public company compliance, corporate governance matters and serving as ICEs key legal advisor. Company profile page for Intercontinental Exchange Inc including stock price, company news, press releases, executives, board members, and contact information Jeffrey Craig Sprecher ( / sprkr /, SPREK-r, born February 23, 1955) is an American businessman, the founder, chairman, and CEO of Intercontinental Exchange, and chairman of the New York Stock Exchange . He is a Certified Public Accountant. Chris Rhodes is President of ICE Futures Europe, Intercontinental Exchange, Inc.s (NYSE: ICE) London-based global futures and options exchange. In March 2007 ICE made an unsuccessful $9.9 billion bid for the Chicago Board of Trade, which was instead acquired by the CME Group. . VIEW CORPORATE OVERVIEW READ OUR ANNUAL REPORT. ", Yahoo! How NYSE-Owner Intercontinental Exchange Profits from Selling Market Terms of the agreement were not disclosed, and the transaction is expected to close within 90 days, subject to regulatory approvals. Bowler earned a Bachelor of Science degree with a concentration in Finance from the College of William and Mary. Intercontinental Exchange has had a policy to grow through the acquisition of other exchanges, a number of these have been successful while others have failed due to concerns by regulators or others that the new company would have created a monopoly situation. It is understood ICE increased its stake to 10% in early 2018.[40]. "ICE Added to Russell 1000(R) Stock Index. Jackson oversees ICEs global technology, information security, operations and is responsible for coordinating global futures and OTC trading businesses. IHG - InterContinental Hotels Group PLC - Yahoo Finance ICE provides transparent markets to invest, manage risk and raise capital across major asset classes. The two said the offer was a $2 billion (21%) premium over the Deutsche offer and that they had fully committed financing of $3.8 billion from lenders to finance the deal. ICE Amanda Hindlian is President of Fixed Income & Data Services at Intercontinental Exchange, Inc. (NYSE: ICE). Martin also serves on the Manhattan College Board of Trustees as well as the Advisory Board of the School of Science and is a member of the Phi Beta Kappa National Honor Society. He served on the staff of Senator Thad Cochran before attending law school. ICE originally formed its ICE Data subsidiary in 2003, recognizing the rising demand for exchange data as markets became increasingly automated. The transaction completed on December 14, 2015. Intercontinental Exchange Completes Acquisition of Ellie Mae from Thoma Martin is also Chair of Fixed Income & Data Services at ICE, which includes ICE Bonds execution venues, securities pricing and analytics, reference data, indices, desktop solutions, consolidated feeds and connectivity services that cover all major asset classes. McLaughlin provides regular updates on ESG initiatives to ICEs Nominating & Governance Committee and Board of Directors. Who Owns Most Of Intercontinental Exchange Inc (NYSE:ICE)? - Yahoo Finance His experience at McKenna, Long & Aldridge included representing a broad array of clients in matters dealing with securities, mergers and acquisitions, corporate governance, finance and private equity. Martin began her career at IBM in its Global Services organization. It is this consistent and strategic approach that has propelled our expansion from a small technology network serving the U.S. power industry just over two decades ago, into a global enterprise that operates networks across the major asset classes. It started with a toaster oven at age six, advanced to a Toyota and, decades later, expanded to global asset exchanges. Now, ICE is expanding our global network footprint in Asia. ICE had owned a majority equity interest in MERS since 2016. Though the company is probably best known for its ownership of the New . [8][9] By 1997 Continental Power Exchange CPEX had "a federated software structure in place, CPEX ready to expand to more servers as growth demands. Stan Ivanov is President of ICE Clear Credit, an Intercontinental Exchange, Inc. (NYSE: ICE) clearing house. Rhodes holds a first-class honours degree in Economics from the University of Hertfordshire. Rowe is responsible for oversight of the Companys Enterprise Risk Management program including ICEs clearing houses, exchanges, data and benchmark services. James Chen, CMT is an expert trader, investment adviser, and global market strategist. Intercontinental Exchange Inc shares closed today at 0.1% below its 52 week high of $113.15, giving the company a market cap of $62B.The stock is currently up 10.3% year-to-date, up 18.3% over the . [5] Sprecher received a bachelor's degree in chemical engineering from the University of WisconsinMadison in 1978 and a Master of Business Administration from Pepperdine University in 1984. As of July 2022, the company has a market capitalization of $53.88 billion. But exchanges and clearinghouses are only part of the ICE story. Ahead of EU sanctions preventing EU delivery of Russian oil, ICE announces . [14] At least some of the stocks that Loeffler sold were owned jointly with Sprecher and would have required his knowledge and authorization to sell, documents show. Our markets are supported by advanced data and analytics and built on sophisticated execution technology. Early life Upon closing, Simplifile, which has approximately 200 employees, will continue to be based in Provo and operate under the Simplifile name. Prior to joining ICE in March 2016, Serafini was European Head of OTC Clearing and Intermediation at J.P. Morgan, where she led the OTC clearing and intermediation business for credit, FX and rates derivatives in Europe, the Middle East and Africa. Backed by the global resources of Intercontinental Exchange (NYSE:ICE), we're transforming, streamlining, and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration in order to connect our customers to opportunity. Upon the closing of the transaction, Creditex Group became a wholly-owned subsidiary of ICE, operating under the Creditex name. NYSE Euronext, Inc. was a transatlantic multinational financial services corporation that operated multiple securities exchanges, including the New York Stock Exchange, Euronext and NYSE Arca (formerly known as ArcaEx). In 2004, the Winnipeg Commodity Exchange had "closed its open-outcry trading floor" becoming "the first North American agricultural futures exchange to trade exclusively on an electronic platform" by trading via the "Chicago Board of Trade's electronic platform, and [using] clearing services from the Kansas City Board of Trade. "Global Futures and Options Trading Hits Another Record in 2021. Language links are at the top of the page across from the title. ICE - Intercontinental Exchange, Inc. - Yahoo Finance Intercontinental Exchange Inc (ICE) Stock Price & News - Google Ilkiw played an instrumental role in ICEs acquisition of Singapore Mercantile Exchange in 2014 and the subsequent development of ICEs first exchange and clearing house in the region. Please visit this URL to InterExchange is a non-profit organization and a J-1 visa sponsor designated by the U.S. Department of State.The company manages cultural exchange programs for participants from more than 60 countries who work in the U.S. in short-term positions lasting 4 to 18 months, and for Americans who work and volunteer abroad. [36] The CMA's ruling against ICE was the first time CMA had required that a company sell an asset that it had already bought.[37]. [18] The transaction consideration totaled $625 million comprising approximately $565 million in ICE common stock and $60 million in cash, as well as a working capital adjustment to be finalized at closing. The transaction with Ellie Mae, a portfolio company of Thoma Bravo, a leading private equity investment firm, valued Ellie Mae at approximately $11 billion. Previously, Rhodes served as Chief Operating Officer of ICE Clear Europe. [43], In October 2018, ICE announced that it had acquired the remaining equity of Merscorp Holding, Inc., owner of Mortgage Electronic Registration Systems, Inc. (MERS).
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