|
|
|
|
Additional information |
|
ICE Futures U.S |
|
|
Overview:
IntercontinentalExchange®(NYSE: ICE) 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. A member of the Russell 1000® and S&P 500 indices, ICE is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. |
|
|
|
History:
In May 2000, IntercontinentalExchange® (ICE) was established, with its founding shareholders representing some of the world's largest energy companies and global banks. ICE's mission was to transform OTC energy markets by providing an open, accessible, around-the-clock electronic energy marketplace to a previously fragmented and opaque market. ICE offered the energy community price transparency, more efficiency, greater liquidity and lower costs than manual trading, such as voice or floor markets. Working together with participants in the energy markets, ICE developed the leading electronic marketplace for energy commodities, along with the leading electronic trade confirmation platform. ICE Data® was launched in 2002 to meet the demand for increased market data in the OTC energy markets, and is today one of the leading providers globally. ICE has developed and maintained its state-of-the-art technology infrastructure for trading, trade processing, clearing, market data and risk management, investing over $120 million in technology since inception.
In June 2001, ICE expanded its business into the futures markets by acquiring the International Petroleum Exchange (IPE), now ICE Futures Europe®, Europe's leading regulated energy futures exchange. ICE Futures Europe's markets today account for approximately 50% of the world's crude oil and refined futures traded each day. In April 2005, ICE Futures Europe became the first fully electronic energy exchange. Since 2003, ICE has partnered with the Chicago Climate Exchange (CCX) to host its OTC emissions markets, and today offers the leading European emissions futures in conjunction with the European Climate Exchange (ECX).
In November 2005, ICE completed its IPO on the New York Stock Exchange under the ticker ICE. Today, ICE is a member of the Russell 1000® and the S&P 500 indexes. In 2006, the Wall Street Journal named ICE the best performing stock of all publicly traded U.S. stocks.
In January 2007, ICE acquired the New York Board of Trade (NYBOT) now known as ICE Futures U.S.® Today, its futures contracts for soft commodities such as sugar and coffee are listed on the ICE platform. In June 2007, ICE and Russell Investments entered into an exclusive licensing agreement with respect to the U.S. Russell Index futures complex, and today Russell Index futures trade exclusively on ICE. Also in 2007, ICE acquired the exclusive right to key natural gas indexes, including the NGI and NGX indexes.
In July 2007, ICE acquired and integrated ChemConnect's NGL and chemicals markets into its OTC markets. In September 2007, ICE acquired the Winnipeg Commodity Exchange, the leading canola market in the world, now known as ICE Futures Canada®. In October 2007, ICE acquired Chatham Energy, a leading OTC energy options brokers, and in January 2008, ICE acquired YellowJacket. YellowJacket is a leading peer-to-peer negotiation platform for the OTC energy options markets. In August 2008, ICE completed its transaction of Creditex, a leading interdealer market for the execution and processing of credit derivatives with operations in New York, London and Singapore. In October 2008, ICE announced plans to acquire The Clearing Corporation (TCC). TCC is the clearing service provider for ICE¿s credit default swap clearing house, known as ICE Trust. ICE Trust, a New York bank holding company, is set to clear CDS pending approval by the Federal Reserve later this year. Today, ICE employs over 750 professionals across the U.S., Europe and Asia. |
|
|
|
Formerly known as:
IntercontinentalExchange |
|
|
|
Stock Symbol:
ICE |
|
|
|
|
|
|
|
|
|
|
|
|