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Intercontinental Exchange

Operates electronic commodities trading platform.

Headquarters:
2100 RiverEdge Parkway
Suite 500
Atlanta, GA 30328
Employees: 826
CEO: Jeffrey Sprecher
Stock Symbol: ICE

Website: http://www.theice.com

Career site

IntercontinentalExchange operates regulated global futures exchanges and over-the-counter (OTC) markets for agricultural, energy, equity index and currency contracts, as well as credit derivatives. ICE offers these markets to participants around the world through its technology infrastructure and trading platform, together with clearing, market data and risk management services.

ICE conducts its energy futures markets through ICE Futures Europe, its U.K. regulated London-based subsidiary, which offers the world's leading oil benchmarks and trades nearly half of the world's global crude futures in its markets. ICE conducts its soft commodity, foreign exchange and index markets through its U.S. regulated subsidiary, ICE Futures U.S, which provides global futures and options markets, as well as clearing services through ICE Clear U.S., its wholly owned clearing house. Creditex, a market leader in trade execution and processing for credit derivatives, is also a wholly-owned subsidiary of ICE. ICE's state-of-the-art electronic trading platform brings market access and transparency to participants in more than 50 countries.

The company's market participants include:

· Traders
· Brokers
· Risk Managers
· Futures Commission Merchants (FCMs)
· Portfolio Managers

ICE is based in Atlanta, GA with offices in Calgary, Chicago, Houston, London, New York and Singapore.

In 2009, the company reported revenues of $995 million, a 22% increase, and net income of $314.1 million.

History

In the late 1990s, Jeffrey Sprecher, ICE's founder, chairman, and Chief Executive Officer, acquired Continental Power Exchange, Inc. with the objective of developing a platform to provide a more transparent and efficient market structure for OTC energy commodity trading. Mr. Sprecher realized that the electronic revolution in the international financial markets provided a great opportunity to bring the benefits of an electronic marketplace to energy trading.

In May 2000, IntercontinentalExchange was established, with its founding shareholders representing some of the world's largest energy traders. The company's mission was to transform OTC trading by providing an open, accessible, multi-dealer, around-the-clock electronic energy exchange. The exchange was built and offered the trading community better price transparency, more efficiency, greater liquidity and lower costs than manual trading.

In June of 2001, ICE expanded its business into futures trading by acquiring the International Petroleum Exchange (IPE), now ICE Futures, which operated Europe's leading open-outcry energy futures exchange. Since 2003, ICE has partnered with the Chicago Climate Exchange (CCX) to host its electronic marketplace. In April of 2005, the entire ICE portfolio of energy futures became fully electronic.

Updated April 7, 2010