( Chairman ) & (CEO)
The Intercontinental Exchange (ICE ) is a stock exchange operator based in Atlanta, USA, which specializes in the electronic trading of options and futures on electricity, energy and agricultural commodities as well as emissions.
At the Intercontinental Exchange following exchanges include:
- ICE Futures, formerly " International Petroleum Exchange ( IPE) "
- ICE Futures U.S., formerly " New York Board of Trade ( NYBOT " ) and
- ICE Futures Canada, formerly called " Winnipeg Commodity Exchange (WCE ) "
On the ICE Futures in London, the electronic trading of options and futures on electric power, petroleum, natural gas, and emissions of sulfur oxides (SOx ) and nitrogen oxides (NOx ) takes place. The stock market is trading platform for leading European Brent crude. The National Balancing Point (NBP ), a virtual trading point on the ICE futures, the benchmark for the price of gas in the UK.
Another area of business is the trading of options and futures on agricultural commodities. Among other things, cotton, coffee, cocoa, orange juice and sugar are listed on the ICE Futures U.S. in New York. In contrast, on the ICE Futures Canada in Winnipeg mainly feed wheat, oats, barley, flaxseed, rapeseed (canola) and rye are traded. Listed on the ICE Futures U.S. are futures on stock indices Russell 1000 and Russell 2000, on various commodity indexes ( CRB Index, Continuous Commodity Index ) as well as the U.S. dollar index, which compares the value of the U.S. dollar by a currency basket of six currencies.
The electronic trading on the Intercontinental Exchange starts on Sunday, 17:30 clock Eastern Standard Time (EST), U.S. Eastern Standard Time ( Clock 23:30 CET) and ends on Friday, 18:30 clock (EST 0:30 clock CET).
1997 acquired spokesman Jeffrey C., ICE - founder and CEO, the " Continental Power Exchange ( CPEX ) " with the aim of developing an internet-based platform for the provision of a more transparent and efficient market for OTC trading (OTC) energy feedstocks. On May 11, 2000, some of the world's largest energy traders founded the " Intercontinental Exchange (ICE) ."
In June 2001, ICE expanded its business in futures trading by acquiring the " International Petroleum Exchange ( IPE) " in London. The IPE is the largest futures exchange for options and futures on crude oil, natural gas and electricity in Europe. Agreed in 2003, ICE partnered with the Chicago Climate Exchange (CCX ), a voluntary trading system, in which 350 mostly large companies, universities and associations have committed to reduce their collective greenhouse emissions.
On April 7, 2005 a transfer of all commodity futures IPE on an electronic trading platform, since their activity from the " Financial Services Authority ( FSA) ," the UK Financial Services Authority, is monitored. The renaming of the International Petroleum Exchange in ICE Futures entered into force on 26 October 2005. Since November 16, 2005, the ICE on the New York Stock Exchange is listed. On 16 June 2006, the company was included in the Russell 1000 stock index.
On 14 September 2006, ICE announced the acquisition of the New York Board of Trade ( NYBOT ). The offer included a cash payment of 400 million U.S. dollars and the transfer of 10.297 million shares ICE. The offer valued NYBOT with about one billion U.S. dollars. On 12 January 2007, the purchase was completed. On 3 September 2007 the stock market was named ICE Futures U.S..
In July 2007, the company expanded by acquiring " ChemConnect ", a trading platform for liquefied gas and chemicals, as well as in September 2007 through the purchase of " Winnipeg Commodity Exchange (WCE ) ". At the Canadian Grain Exchange, founded in 1887, futures are traded on agricultural commodities. On 1 January 2008, the renaming of the WCE in ICE Futures Canada was.
On 28 March 2007, ICE partnered with the Natural Gas Exchange ( NGX ), a Canadian exchange for the trading and clearing of natural gas and electricity contracts. In October 2007, the acquisition of " Chatham Energy ," a broker who specializes in OTC energy options and in January 2008, the purchase of " Yellow Jacket ", an electronic trading platform for OTC energy trading options. Was In August 2008 was the acquisition of " Creditex ", a provider of electronic implementation services in the credit derivative market, complete.
In October 2008, concluded with The Clearing Corporation (TCC ), a U.S. Settlement Agent, agreement to develop the joint global clearing solution for so-called credit default swaps ( CDS). In the course of TCC is applied and then the ICE Trust U.S. (ICE Trust ) was formed. On 6 March 2009 ICE completed the acquisition of The Clearing Corporation ( TCC) and could successfully after positive approval by the U.S. regulatory authorities on the same day on the following Monday, March 9, 2009 successful launch clearing services for CDS contracts as the world's first provider.
On 20 December 2012, the Intercontinental Exchange announced the acquisition of NYSE Euro Next for 8.2 billion U.S. dollars. This corresponds to a price of 33.12 U.S. dollars per share. Paid the commodity exchange has completed the acquisition of a combination of cash and existing credit. The transaction was completed on 13 November 2013.