Intercontinental Exchange, Inc. (ICE) history, profile and corporate video
Intercontinental Exchange, Inc. (ICE) is an American provider of marketplace infrastructure, data services and technology solutions headquartered in Atlanta, Georgia, United States.
The founder Jeffrey C. Sprecher, a power plant developer, started the company in 1997 by buying Continental Power Exchange, Inc. (a technology start-up) for $1 to develop an Internet-based platform that provides more transparent pricing for electric power companies.
After the meetings with over 100 companies — mostly companies in the oil, natural gas and power business, Jeffrey C. Sprecher founded Intercontinental Exchange, Inc. (ICE) and launched the electronic trading platform in May 2000, alongside Chuck Vice. In the founding of the company, Sprecher was also backed by Goldman Sachs, Morgan Stanley, BP, Total, Shell, Deutsche Bank, and Société Générale.
The company operates through the following segments: ICE Exchanges, ICE Fixed Income & Data Services, and ICE Mortgage Technology.
ICE Exchanges
ICE Exchanges segment digitizes the energy markets by creating transparency that broadens access and provides liquidity.
ICE Fixed Income & Data Services
ICE Fixed Income & Data Services segment built a foundation of extensive fixed income pricing, data and analytics.
ICE Mortgage Technology
ICE Mortgage Technology segment combines key stakeholders and data – from origination to final settlement – in one digital mortgage network.
With more than 5 000 employees, the Intercontinental Exchange (ICE) is a Fortune 500 and one of the top 2000 largest public companies in the world, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and ”www.intercontinentalexchange.com”.
**Video published on YouTube by “World Gold Council“.