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Intercontinental Exchange

Intercontinental Exchange (ICE) is a global leader in financial market infrastructure, serving customers in more than 60 countries

Categories

Financial and Banking  

#241

Rank

$65.31B

MarketCap US

US United States

Country

Summary

Intercontinental Exchange, Inc., together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates regulated marketplaces for listing, trading, and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange, and equities, as well as corporate and exchange-traded funds; and trading venues, including regulated exchanges and clearing houses. It also offers energy, agricultural and metals, and financial futures and options; and cash equities and equity options, and over-the-counter and other markets, as well as listings and data and connectivity services. In addition, the company provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. Further, it offers proprietary and comprehensive mortgage origination platform, which serves residential mortgage loans; closing solutions that provides customers connectivity to the mortgage supply chain and facilitates the secure exchange of information; data and analytics services; and Data as a Service for lenders to access data and origination information. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.


History

Intercontinental Exchange (ICE) was founded in May 2000 by Jeffrey C. Sprecher, a former energy trader and partner in a venture capital firm. At the time of its founding, the company focused on energy trading and providing market data for energy producers. In August 2001, the company acquired the International Petroleum Exchange (IPE) from London's International Petroleum Exchange, gaining a major electronic commodities trading platform. In August 2005, ICE gained a listing on the New York Stock Exchange (NYSE) after an IPO. In 2007, ICE launched its futures, options and securities clearing house, ICE Clear Europe, becoming the first clearing house to offer clearing services in Europe. This followed the launch of ICE Clear Credit in 2006, a credit derivatives clearing platform. In December 2009, ICE acquired NYSE Euronext in a reverse merger, making ICE the largest exchange operator in the world. This included ICE’s acquisition of the NYSE Liffe derivatives business in April 2014. The acquisition strengthened ICE’s derivatives offering and extended its reach into Europe and the Middle East. In 2012, ICE launched its first public data platform, ICE Data Services, giving customers access to a wide range of real-time and historical market data. In 2016, ICE and the NYSE acquired the National Stock Exchange of India. This acquisition enabled ICE to expand into the Indian market and strengthened its position as a global provider of financial services. In 2018, ICE acquired the International Securities Exchange from Deutsche Boerse to add a U.S. options trading platform to its existing portfolio. In December 2019, ICE acquired mortgage technology company and mortgage lender, Ellie Mae. This acquisition further diversified the company’s portfolio.


Mission

Intercontinental Exchange seeks to provide the highest levels of performance, safety, and satisfaction to customers, employees, and other stakeholders.


Vision

Intercontinental Exchange strives to be a global leader in the financial markets through innovative technology and a commitment to outstanding customer service.


Key Team

Frederic V. Salerno (Board Member)

Jerry Perullo (Chief Information Security Officer)

John Tuttle (Vice Chairman & Chief Commercial Ofcr:NYSE)

Judith A. Sprieser (Board Member)

Mark F. Mulhern (Board Member)

Bill Tompkins (Chief Technology Officer)

Bruce Domash (Chief Risk Officer, North American Clearing Houses, Enterprise Risk Department)

Bradley Vannan (President and Chief Operating Officer, ICE Futures Canada)

Shantella E. Cooper (Board Member)


Recognition and Awards
Intercontinental Exchange offers rewards and recognition to its employees through incentive-based programs, recognition ceremonies, and awards. The company also offers world-class benefits including health and dental care, paid time off, and free travel insurance.

References
Intercontinental Exchange
Leadership team

Benjamin R. Jackson (President)

A. Warren Gardiner (CFO)

Industries

Financial and Banking

Products/ Services
Clearing, Exchange Listing, Financial Data, Mortgage Technology
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, U.S.
Established
2000
Company Type
Private company limited by shares or Ltd
Company Registration
SEC CIK number: 0001571949
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
ICE
Social Media

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