Since its founding in 2010, some of the company's major acquisitions include the International Petroleum Exchange (IPE), now ICE Futures Europe, in 2001; the New York Board of Trade (NYBOT) in 2005, Winnipeg Commodity Exchange, now ICE Futures Canada, in 2007; the Creditex Group in 2008; European Climate Exchange (ECX) in 2010, NYSE Euronext in 2013; Interactive Data Corporation (IDC) in 2015, Standard & Poor's Securities Evaluations, Inc. in 2016; Virtu BondPoint in 2017; and the Chicago Stock Exchange (CHX) in 2018. In May, saying it "became clear that we would not be successful in securing regulatory approval," the Nasdaq and ICE withdrew their bid.
Kelly Loeffler served as Bakkt's CEO until her appointment to the United States Senate.[50]. As an initial component of the Bakkt offering, Intercontinental Exchange's U.S.-based futures exchange and clearing house plan to launch a 1-day physically delivered BTC contract along with physical warehousing in 2019, subject to CFTC review and approval, which was delayed. ICE became a publicly traded company on November 16, 2005, and was added to the Russell 1000 Index on June 30, 2006. Simplifile operates a network connecting agents and jurisdictions involved with residential mortgage records. It is understood ICE increased its stake to 10% in early 2018.[40]. Price and terms of the transaction were not disclosed and will not be material to ICE's earnings or have an impact on capital return plans.[44].
Trading, messaging and analytics tools designed with your workflow in mind. ICE anticipates having one representative join the Board of Euroclear. ICE provides exchange trading and clearing services in a number of different markets. A leader in market data, ICE Data Services serves the … 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. Established in 2000, TMC Bonds is a fixed income marketplace, supporting anonymous trading in various asset classes including Municipals, Corporates, Treasuries, Agencies and Certificates of Deposit.
The transaction is expected to close in the second quarter of 2018, subject to regulatory approvals.
[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. Intercontinental Exchange, Inc. est un opérateur de bourses réglementées, de chambres de compensation et de lieux de cotation. Sprecher received backing from Goldman Sachs, Morgan Stanley, BP, Total, Shell, Deutsche Bank, and Societe Generale. (Creditex). [3][4], In May 2000, ICE was founded by Sprecher and backed by Goldman Sachs, Morgan Stanley, BP, Total, Shell, Deutsche Bank and Société Générale.[5][6].
ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. In the absence of a central counterparty - which would guarantee pay-outs should a trading party be unable to do so - there was a high risk of massive market disruption. The offers that appear in this table are from partnerships from which Investopedia receives compensation. The terms of the agreement were not disclosed, and the transaction is expected to be completed in the second half of 2017.
[31] Completion of the transaction was subject to regulatory approval and other customary closing conditions. La Société fournit des services de données pour les marchés des marchandises et les marchés financiers.
Another week later, ICE and Nasdaq sweetened their offer, including a $.17 increase per share to $42.67 and a $350 million breakup fee if the deal were to encounter regulatory trouble. ICE became a publicly traded company on November 16, 2005, and was added to the Russell 1000 Index on June 30, 2006. Upon closing, Simplifile, which has approximately 200 employees, will continue to be based in Provo and operate under the Simplifile name. The transaction is expected to close in the second half of 2018, subject to customary regulatory and anti-trust approvals, and is not expected to materially impact 2018 financial results or capital returns. 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. In response to the 2007-08 Financial Crisis, Sprecher formed ICE Clear Credit, which would serve as a clearing house for credit default swaps. ICE Clear Credit also served as the U.S. Federal Reserve's over-the-counter (OTC) derivatives clearing house, providing crucial risk management services for the market. Upon the closing of the transaction, Creditex Group became a wholly owned subsidiary of ICE, operating under the Creditex name. In June 2008, ICE announced that it had entered into a definitive merger agreement to acquire Creditex Group Inc. Bid", "Nasdaq May Ask CME or ICE for Help in NYSE Counterbid, WSJ Says", "Nasdaq and ICE sweeten the pot for NYSE", "Nasdaq, ICE withdraw bid for NYSE after DOJ talks", "Mergers: Commission blocks proposed merger between Deutsche Börse and NYSE Euronext", "NYSE Euronext merger with Deutsche Boerse blocked by EU", "IntercontinentalExchange to buy NYSE for $8.2B", "For the New York Stock Exchange, a sell order", "IntercontinentalExchange's SuperDerivatives Acquisition To Boost Market Data Business", "ICE to buy market data firm Interactive Data in $5.2 billion deal", "Intercontinental Exchange completes acquisition of Interactive Data Corporation", "UK court upholds ICE Trayport sale order", "CMA final decision on ICE/Trayport agreement - GOV.UK", "Canada's TMX buys ICE's Trayport energy trading platform", "ICE to sell commodities trading platform Trayport for £550m", "ICE to acquire fixed income indices from BAML", "Intercontinental Exchange completes acquisition of Virtu BondPoint; expands fixed income market solutions", "NYSE Agrees to Acquire 136-Year-Old Chicago Stock Exchange", "Intercontinental Exchange Agrees to Acquire TMC Bonds", "ICE makes mortgage play with Simplifile acquisition", "NYSE-owner ICE to buy Ellie Mae in $11 billion deal", "With $11B Ellie Mae deal finalized, ICE prepares to unleash a "fully digital mortgage ecosystem, "Intercontinental Exchange Launches Expanded ICE Data Services", "The NYSE's Owner Wants to Bring Bitcoin to Your 401(k). In October 2016 it had completed its all-cash acquisition. The acquisition was reportedly completed on January 2, 2018 as announced by ICE. [23], The Justice Department, also in April, "initiated an antitrust review of the proposal, which would have brought nearly all U.S. stock listings under a merged Nasdaq-NYSE." [24] The European Commission then blocked the Deutsche merger on February 1, 2012, citing the fact that the merged company would have a near monopoly.[25][26]. [46] The transaction completed successfully in September 2020 after regulatory approval.[47]. ICE was the first to offer clearing services in the OTC energy and credit derivatives markets.
[17] IntercontinentalExchange maintained an office and "small core staff" in Winnipeg, Manitoba. Furthermore, in August 2019, it announced it had entered into an agreement to acquire a family of fixed income volatility indices, including the prominent Merrill Lynch Option Volatility Estimate (“MOVE”) family of indices. [33], Following the acquisition, the Competition and Markets Authority (CMA) called in the merger for review. In a response to US financial crisis in 2008, Sprecher formed ICE US Trust based in New York, now called ICE Clear Credit LLC, to serve as a limited-purpose bank, a clearing house for credit default swaps. Its main products include: The company is split into the following subsidiaries: In June 2016 Intercontinental Exchange introduced the expanded ICE Data Services, which combined exchange data, valuations, analytics, and other software used by the New York Stock Exchange (NYSE), SuperDerivatives and Interactive Data (IDC).[48].
Markets.