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Intercontinental Exchange, Inc. (ICE) is an American multinational financial services company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services.
In August 2018, Intercontinental Exchange announced it was forming a new company Bakkt, [6] which was intended to leverage Microsoft online servers to manage digital assets. Bakkt was said to be working with Boston Consulting Group (BCG), Microsoft, Starbucks, and others to create a software platform. The Bakkt ecosystem is expected to include ...
Sprecher started Intercontinental Exchange (ICE) in 2000 as an online marketplace for energy trading in Atlanta. [11] Shortly after the company approached Enron to be a client, Enron started its own competing electricity trading platform, which dominated the market. Enron's market model was to buy from every seller and sell to every buyer.
In 2004, Loeffler married Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange and chairman of the New York Stock Exchange. [16] They live in Tuxedo Park, Atlanta , [ 99 ] in a $10.5 million, 15,000-square-foot (1,400 m 2 ) estate, bought in 2013 in what was then the most expensive residential real estate transaction ever recorded ...
It operates both as an official exchange and as a clearinghouse. The purchase is part of IntercontinentalExchange's broader strategy to expand its global footprint onto growing economies.
2022 – Intercontinental Exchange (ICE) agreed to acquire Black Knight for $13.1 billion in May. [ 19 ] 2023 – ICE completed the acquisition of Black Knight for $11.7 billion.
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By 2010, Intercontinental Exchange had cleared more than $10 trillion [7] in credit default swaps (CDS) (Terhune Bloomberg Business Week 2010-07-29) through its subsidiaries, ICE Trust CDS (now ICE Clear Credit) in March 2009 and at ICE Clear Europe in July 2009 in New York, launched in 2008, (which also handles soft commodity futures/options ...