Intercontinental Exchange Group Inc.

	Intercontinental Exchange @ICE_Markets @NYSE

Intercontinental Exchange Group
Founded	2000
Headquarters	5660 New Northside Drive NW, 3rd Floor, Atlanta, GA 30328, with offices in New York, London, Chicago, Singapore, Winnipeg, Amsterdam
Key People	Jeffrey Sprecher, Chairman, CEO, Benjamin Jackson, President
Employees	5,549
Products	Futures, Options, Securities and OTC markets
Twitter	@ICE_Markets
LinkedIn	Profile
Facebook	Exchange Page
Website	www.theice.com
Releases	Company News

Derivatives Clearing Organizations Regulation

Review of Swaps for Mandatory Clearing

ICE Comment Letters

Designated Contract Market Regulation - Comment Letter - Intercontinental Exchange - February 22, 2011

Atlanta-based Intercontinental Exchange Group (ICE) is a global exchange, clearing, financial data and technology company, operating multiple markets and services across nine different asset classes.

ICE operates 13 regulated exchanges, including ICE futures and OTC exchanges in the US, Canada, Europe and Singapore. It also is the parent company of the well-known New York Stock Exchange and related securities exchanges. Today, the company is among the largest exchange groups in the world and has grown dramatically via a succession of acquisitions of other exchanges, technology firms and data service providers.

A publicly traded company since 2005, ICE (NYSE: ICE) lists more than 12,000 derivatives and securities contracts on its markets. Its derivatives exchange properties include five regulated futures exchanges: ICE Futures US, ICE Futures Europe, ICE Futures Canada, ICE Futures Singapore and ICE Endex.

On the securities side, ICE operates five stock exchanges under the NYSE Group: New York Stock Exchange, NYSE Arca, NYSE American, (formerly NYSE MKT, and AMEX), NYSE National (formerly National Stock Exchange) and Chicago Stock Exchange, plus two US equity options exchanges - NYSE Arca Options and NYSE American Options (formerly NYSE AMEX Options) - and a corporate bond platform, NYSE Bonds.

In the OTC space, ICE operates the energy platform ICE OTC Commodity Markets as well as credit and swaps markets such as ICE Swap Trade, Creditex and ICE BondPoint.

On its derivatives exchanges, ICE offers futures and OTC contracts on: energies, softs, grains, currencies, emissions, precious metals, interest rates and bonds as well as credit and equity indexes. With its stock and options exchanges, it offers traditional stock, equity options and exchange traded products.

ICE exchanges are supported by six clearing houses, which handle the clearing and settlement functions for more than 6 million daily derivatives transactions on its markets. Included on its roster of clearinghouses are: ICE Clear US, ICE Clear Europe, ICE Clear Singapore, ICE Clear Netherlands, ICE Clear Credit and ICE NGX.

It offers futures and OTC contracts on a single electronic ICE Trading Platform, while equity trading is done on NYSE Pillar, a matching engine for its equity and options markets. Traders can access the platform via WebICE, an internet-based service for exchange members that provides data such as: live market quotes, depth of market, portfolio creation and other key trading information.

One of its largest divisions is called ICE Data Services, which handles everything from pricing and analytics services, desktop and connectivity, listings and exchange data.

ICE is also in the digital asset space, forming a new company called Bakkt, which intends to use the Microsoft cloud to handle trading, storage and spending of crypto assets.

ICE ranks as the world's fourth largest derivatives exchange by volume, with 2.26 billion contracts traded in 2019, down 9% from 2.4 billion traded in 2018, according to the Futures Industry Association annual volume survey. That volume is composed of trading from ICE Futures Europe, ICE Futures US, ICE Futures Canada and ICE Futures Singapore, formerly the Singapore Mercantile Exchange on the futures side, and NYSE AMEX and NYSE Arca equity options volumes.

Its NYSE subsidiary was the top exchange in 2017 for the seventh consecutive year in terms of capital raising through IPOs proceeds of $128 billion, from 454 transactions.

As of December 31, 2017, ICE had 4,952 employees in its offices in Atlanta, New York, UK, Chicago and other locations around the world, down from 5,631 employees a year earlier.

ICE reported $5.2 billion in revenue in 2019, up 4 percent from the previous year. From that, the company generated $2.66 billion from its data and listings business and $2.54 billion from its trading and clearing business.

The company also ranks among the leading exchanges in market capitalization, which was $42.2 billion in April 2018, a dramatic rise from around $2 billion after its public offering in 2005.

In February 2022, Risk.net named Intercontinental Exchange as its Exchange of the Year in part for its handling of the end of Libor.

Background

Early Years

ICE's roots go back to the 1997 acquisition of the Continental Power Exchange (CPEX) by Jeffrey C. Sprecher.

With CPEX in poor financial health at the time, Sprecher purchased the company with a goal of building a trading platform for over-the-counter energy markets. The company's technology team then wanted to scrap everything it had been working on under CPEX's prior management and rebuild the system as an internet-based platform using software and coding from Oracle and Java. Sprecher approved the move and the system became the foundation for ICE's globally distributed, high-speed, high-capacity trading platform it uses today. But it was a difficult period for the company. During the technology rebuild, the company lost every one of its customers and its staff of 30 shrank to just six people.

In 1999, ICE faced another challenge as Enron was pushing its own electronic trading platform called EnronOnline with large energy companies. Meanwhile, Sprecher and CPEX vice president Charles Vice moved to partner with large Wall Street and energy firms. With the company struggling financially and battling a much larger competitor in Enron, Sprecher granted firms an 80 percent equity stake in the company in return for their commitment to trade on the platform. Companies such as Goldman Sachs, Morgan Stanley, British Petroleum, Shell and Total and others were among those early investors.

In 2000, the company was renamed the IntercontinentalExchange, or ICE, with a goal of becoming the largest OTC energy market. When Enron collapsed under a massive fraud and accounting scandal in 2001, ICE was perfectly positioned to take on those customers and grow quickly through a series of acquisitions that helped it achieve its global ambitions.

In 2001, ICE made one of its earliest and arguably most significant acquisitions, the London-based International Petroleum Exchange, or IPE. That provided ICE with an entry into the futures exchange space with European energy futures. ICE shut down the IPE's trading floor and migrated all of the trading onto its electronic trading platform by 2005, making it the first fully electronic energy futures exchange.

The move made ICE a direct competitor to the New York Mercantile Exchange. NYMEX then attempted to compete with ICE in Europe, opening a new floor-based exchange in Dublin in November 2004. But as electronic trading continued its rapid growth and acceptance in the financial markets, NYMEX's plan to lure London IPE floor traders and trading away was a complete failure. NYMEX's resistance to full-time electronic trading cost the exchange marketshare in crude oil trading to ICE, and eventually forced it to adopt the CME Group's trading platform, CME Globex in 2006, to compete. ICE later renamed the IPE as ICE Futures Europe, and has since expanded its product offering well beyond energies, into equity index and fixed income markets. NYMEX was bought by CME Group in 2008.

Also, in 2002, ICE created ICE Data, a service that provides futures and OTC market data globally to end-users. That segment of its business would be massively expanded in subsequent acquisitions and today is called ICE Data Services.

ICE also partnered with the Chicago Climate Exchange, or CCX, hosting its emissions contracts in conjunction with CCX's subsidiary, the European Climate Exchange. ICE would later buy that exchange in 2010 and fold it into ICE Futures US and ICE Futures Europe.

Going Public, Bidding on CBOT, and more Exchange and Clearing Acquisitions: 2005 to 2010

On November 16, 2005, ICE went public on the New York Stock Exchange. The IPO was priced at $26 per share for 16 million shares. The opening day share price valued the company at over $2 billion, and was up 50.9 percent on day one, closing at $39.25.

The ICE IPO was part of a trend at the time of traditional member-owned and newer exchanges going through demutualization and then going public. The Chicago Mercantile Exchange had gone public in 2002, while the International Securities Exchange listed in March 2005, followed by the Chicago Board of Trade's IPO in October 2005, followed by the November 2005 ICE public offering. On Sept. 25, 2007, ICE was added to the S&P 500 Index.

ICE made another key acquisition in January 2007, the New York Board of Trade, for approximately $1 billion, which not only helped move ICE beyond energy products and into commodities such as coffee, sugar, cocoa, orange juice and currencies, but also brought them another critical piece of infrastructure, a US-based clearinghouse. ICE quickly moved to shutter the NYBOT trading floor, migrating those contracts onto its electronic trading platform and upgrading its clearing house to handle all ICE Futures US volume. Having its own clearing house meant ICE would no longer depend on an outside clearing facility to handle clearing and settlement for US business, not to mention it provided new revenues for the company.

ICE was still considered a smaller player among established futures markets, but grabbed everyone's attention in March 2007, when it made an unsolicited $9.9 billion bid to buy the Chicago Board of Trade during the FIA Boca International Futures Industry Conference. CBOT then was in merger negotiations with the Chicago Mercantile Exchange. The bid topped the CME's offer of $8.9 billion for the CBOT, and threw the long-expected Chicago tie-up into question. CME eventually upped its bid for the CBOT, largely due to the competing counter-offers from ICE, closing the deal for $11.6 billion in July 2007.

Even though it lost that bid, ICE continued to push forward with new acquisitions, purchasing the Winnipeg Commodity Exchange in July 2007. The exchange, best known for its canola futures, was renamed ICE Futures Canada also included a Canadian regulated clearinghouse, which was renamed ICE Clear Canada.

The company made three more key acquisitions in 2008. In February 2008, ICE purchased YellowJacket Software, a peer-to-peer messaging platform used to trade on OTC options markets. This software, used extensively in the OTC trading space, was renamed ICE Chat.

In September 2008, ICE moved into the burgeoning credit derivatives space with the purchase of an interdealer market called Creditex for $625 million in cash and stock. That purchase, which provided ICE with the technology to handle trade execution and processing of credit default swaps in the US, Europe and Asia, would serve as one of the core pieces of ICE's credit derivatives business. ICE later sold off certain US Creditex voice brokerage services to Tullett Prebon in July 2016.

In October 2008, ICE moved to bolster that business with a clearing house acquisition. ICE purchased The Clearing Corporation, formerly known as the Board of Trade Clearing Corporation, with the support of that clearing facility's main member firms: Bank of America, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch, Morgan Stanley and UBS. The clearing house was then designated to serve as a comprehensive clearing facility for the CDS market. Initially the clearing house was called ICE Trust but later was renamed ICE Clear Credit and launched in March 2009 as the world's first credit default swap clearinghouse. It is regulated by the SEC and CFTC and is designated as a Systemically Important Financial Market Utility.

In November 2008, ICE launched its second credit default swap clearing house, ICE Clear Europe giving it an early lead in the global CDS clearing space. ICE Clear Europe operates in a dual and separate fashion. One one side of the clearinghouse, ICE Clear Europe's CDS clearing operations, launched in July 2009, serves its European CDS markets. On the other side, ICE Clear Europe handles all of its European futures trading ranging from energies to interest rate futures. By September 2012, ICE had cleared more than 1 million CDS trades to date.

The creation of ICE Clear Europe was another critical piece of its global clearing strategy. Before launching its own European clearing house, it had used LCH.Clearnet to handle its European futures trades. ICE completed the transition of cleared trades from LCH.Clearnet to ICE Clear Europe in November 2008.

ICE's Biggest Deal, NYSE Euronext: 2011 to 2013

With US, Canadian and European exchanges and clearinghouses intact, ICE set its sights on its largest acquisition. In April 2011, ICE and Nasdaq OMX partnered to make an offer of $11.3 billion in stock and cash for NYSE Euronext, which operated the New York Stock Exchange, NYSE Arca, NYSE Arca Options, Amex options as well as the stock and derivatives markets in the Euronext group, which included Euronext LIFFE, one of the main futures markets for European interest rate futures.

Under the proposed deal, ICE would have acquired NYSE Euronext's derivatives businesses and Nasdaq would have received Euronext's stock exchanges, the NYSE and its cash markets, the US options exchanges as well as Euronext's stock markets in Paris, Brussels, Amsterdam and Lisbon.

That offer and two subsequent offers were rejected by the NYSE Euronext board and the offer was finally dropped in May 2011, citing opposition to the deal from US antitrust regulators. It also opened the door to a prior bid in February 2011 from Deutsche Boerse for NYSE Euronext. But that bid also was killed by European Union anti-competition agencies in February 2012.

ICE came back with its own solo offer for NYSE Euronext in December 2012 for $8.2 billion. The combination stock and cash deal closed on November 13, 2013 for approximately $11 billion. "This is a game-changing transaction," Sprecher said at the time, as the deal provided ICE with new asset classes in stocks, equity options and additional European financial futures. The acquisition pushed ICE's market cap valuation to about $23 billion.

The big win for ICE in the deal was the LIFFE exchange (formerly the London International Financial Futures Exchange or NYSE LIFFE, the London-based futures market which offers key benchmark indexes, interest rate contracts and agriculture futures. Liffe futures were migrated over to ICE Futures Europe including: Sterling futures, Euribor futures and Long Gilt futures among others. It also acquired commodities such as cocoa, robusta coffee and sugar, giving ICE softs futures in both the US and Europe. It completed the migration in November 2014

The new holding company formed in the acquisition retained ICE's ticker symbol and the enlarged entity is called ICE Group. Sprecher remained chairman and CEO of the combined company; NYSE Euronext CEO Duncan Niederauer became the president of ICE but stepped down in May 2014.

As part of the plan, ICE spun off Euronext in an initial public announced on June 19, 2014, with the stock trading the next day. Before the IPO, ICE sold a stake of 33.36 percent to a group that included Banco Espirito Santo SA, BNP Paribas SA (BNP), ABN Amro Group NV, Societe Generale SA (GLE) and Euroclear SA/NV, at a price of €19.20 per share.

Other notable moves by ICE included taking a majority stake of 79.12 percent in APX Endex in September 2012, taking control of the Amsterdam-based company's Dutch gas and power derivatives business. It was renamed ICE Endex and is a joint initiative with Gasunie, a European gas infrastructure company.

ICE took steps to gain a foothold in Brazil with two investments. In June 2011, it launched BRIX, a Brazilian market for electric power, using ICE's electronic trading platform. It's partner firms included: Agroenergia Comercializadora, Bunge, CESP, Clealco, Compass, Coteminas, EletroNorte, Eucatex, Ibrame Laminacao, MPX, Quanta, Rexam, Seal Energy and White Martins.

ICE also took a 12.4 percent stake in Cetip, Brazil's largest clearinghouse in July 14, 2011. Under the deal, ICE paid $512 million in cash, or R$25.50 for its shares in Cetip. ICE sold its equity stake in Cetip in 2017, noting a profit of $167 million on the venture.

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  NYSE 11 Wall St, New York, NY 10005
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  Original London International Financial Futures Exchange building

ICE Moves Into Data, Creates ICE Data Services

ICE looked to further diversify after the NYSE Euronext deal with a series of strategic investments, particularly in data services and technology, power and energy markets as well as in exchanges and clearing houses in Europe and Asia.

In October 2014, ICE purchased SuperDerivatives, a market data and analytics provider specializing in derivatives pricing models across all asset classes, risk analysis and cloud-based market technology, as well as a chat platform that is similar to competitors such as Bloomberg. The deal was priced at $350 million in cash.

That was followed by another bold move in the data space in December 2015 with a $5.2 billion cash and stock acquisition of Interactive Data Holdings Corp., a subsidiary of Silver Lake and Warburg Pincus. The firm provides pricing data to more than 5,000 customers including many of the firms that use ICE's markets and services, such as asset managers, hedge funds, banks and insurance companies.

It complemented those services in March 2016, announcing the acquisition of two business data units from McGraw Hill Financial: Standard & Poor's Evaluations, a fixed income evaluation pricing service; and Credit Market Analysis, a data provider for OTC markets.

All of these units and ICE's existing data services group were folded into one division that was renamed ICE Data Services in June 2016. The division offers data services for information, analytics and connectivity, as well as proprietary data and tools in fixed income, equities, commodities, FX and options. It offers real-time pricing, data from its 11 exchanges, desktops and tools and connectivity and hosting services.

In May 2019, ICE Data Services received approval from the UK's Financial Conduct Authority (FCA) as a third country benchmark administrator under the European Benchmark Regulation, meaning that market participants could reference its indices in compliance with the rules. Also in May, ICE Data Services announced the launch of a new data management platform for historical tick data known as the ICE DataVault. The cloud-based platform provides users with aggregated real-time tick data via programmatic, cloud, or click-thru access.

More OTC and Clearing, plus Asia, and Smaller US Stock Exchanges: 2013 to 2018

In the exchange and clearing space, ICE made three key acquisitions from 2013 to 2016, helping the company expand in European energies and clearing, as well as launching its first exchange in Asia.

ICE expanded into Asia with the purchase of the Singapore Mercantile Exchange and its clearing house SMX Clearing Corporation in November 2013 for $200 million. The exchange was essentially shut down, revamped and renamed ICE Futures Singapore, and was launched in November 2015 with five contracts in brent crude, gasoil, gold and Renminbi futures, cleared at the exchange's renamed clearinghouse ICE Clear Singapore. ICE Futures Singapore represents another step in the global expansion for ICE, and an effort to address more Asian clients. It also is the first exchange, among non-domestic markets such as CME Group and Eurex, to launch a Singapore-based exchange and is considered a challenger to the domestic market, Singapore Exchange, or SGX.

ICE also completed a majority stake purchase in December 2014 of the Holland Clearing House, which is the central counterparty clearing facility for equity and index derivatives contracts listed on The Order Machine, or TOM in the Netherlands. The facility was renamed ICE Clear Netherlands in July 2015, as the sixth clearing house under the ICE Group umbrella and the first continental European clearing facility for ICE.

ICE completed another key acquisition in the European energy space in December 2015 with the purchase of Trayport, a London-based OTC energy market. ICE purchased the company from BGC Partners and GFI, a subsidiary of BGC, for approximately $650 million in ICE shares, and in the process, beat out competitor CME Group, which also had bid for Trayport. Trayport helped bolster ICE's strong position in European energy futures and OTC markets, as a key market used by many in the power, natural gas and coal trading space.

However, in October 2016 the UK Competition and Markets Authority said the acquisition violated antitrust laws, and that was reaffirmed by a UK appeals court in March 2017. The UK agency demanded that ICE sell Trayport. ICE appealed the decision but lost. It ended up selling Trayport to TMX Group for £350 million cash, plus NGX, Shorcan Energy, in a deal closed in December 2017.

ICE launched a new OTC platform called ICE Swap in August 2016, which offers trading on single-name credit default swaps in a central limit order book. The platform offers anonymous and so-called "name give-up" execution, allowing participants to reveal their identity after a trade is finished. ICE also launched a CFTC-registered swap execution facility (SEF), on October 2, 2013. The SEF was granted permanent registration status, along with 18 other SEFs, in January 2016.

In May 2016, NYSE Group announced it had completed the rollout of its new trading platform for NYSE Arca. The new equities and options platform is designed to reduce complexity and improve on performance.

In early 2017, it announced the trading floor of the NYSE American exchange, (formerly known as NYSE MKT and American Stock Exchange (AMEX), would shut down in the second quarter of 2017. On July 24, 2017, it launched a new market model on the Pillar platform for NYSE American and on August 24, 2017, NYSE Arca introduced new gateways that "harmonize" NYSE American and NYSE Arca platforms.

On January 31, 2017, ICE's NYSE completed the acquisition of the National Stock Exchange and renamed it NYSE National. The exchange relaunched on April 30, 2018, as an all-electronic equity market with a maker-taker pricing model. The strategy is to offer complementary pricing structures to its other equities markets.

ICE continued its consolidation of smaller US equity markets with the acquisition of the Chicago Stock Exchange (CHX) for an undisclosed amount in July 2018. The plan was to move the exchange onto the NYSE Pillar trading technology.

Push Into Fixed Income And Cryptocurrencies

In late 2017 and into 2018, ICE pushed further into the fixed income space with three acquisitions. The first, closed in October 2017, was the acquisition of the Bank of America Merrill Lynch Global Research Index platform, which features more than 5,000 fixed income indices with nearly $1 trillion of investments benchmarked to them. The deal made ICE the second largest fixed income index provider by benchmarked assets.

The second, a $400 million cash acquisition of Virtu BondPoint, an electronic fixed income trading platform, was closed in January 2018. This dealer-to-client platform was integrated with ICE's continuous evaluated pricing serves from ICE Data Services and its SFTI network, a private network that connects to exchanges and content providers.

On July 23, 2018, the company completed the purchase of TMC Bonds LLC, a fixed income market that offers cash treasury, municipal, corporate, agency bonds and certificates of deposit, for $685 million in cash.

On August 3, 2018, ICE announced plans for a new company called Bakkt, which was working with BGC, Microsoft, Starbucks and others to build a platform for consumers to buy, sell, store and spend digital assets on a global network. It's initial use case is focused on trading and conversion of bitcoin against fiat currencies. ICE, for its part, plans to offer a 1-day physically delivered Bitcoin contract and physical warehousing in November 2018. It also plans to create a separate guarantee fund, funded by Bakkt.

In February 2019, ICE moved to wrap its fixed income businesses - ICE BondPoint, TMC Bonds and ICE Credit Trade - into one entity it named ICE Bonds. ICE Bonds also will add on ICE Data Service's pricing and analytics tools. The three trading platforms were combined under a single broker-dealer entity in 2019. In November 2022, ICE Bonds received approval for expansion into Canada.

The company pushed into the mortgage space in May 2019 with the announced $335 million acquisition of Simplifile, which provides electronic processing of mortgage records. The deal followed the 2018 acquisition of Mortgage Electronic Registrations, a national registry for tracking servicing rights and ownership of US mortgage loans.

ICE closed the purchase of the Merrill Lynch Option Volatility Estimate (MOVE) index and the accompanying fixed income volatility indices from Bank of America Merrill Lynch in October 2019. The indices were renamed ICE Data Indices and are part of the ICE Data Services business. The deal was motivated in part by ICE's decision to target the growth of fixed income ETFs, which surpassed $1 trillion in assets in 2019, according to ICE Data Services President and COO Lynn Martin.

In March 2021, the exchange announced launched a new exchange and new crude oil futures contract on the Abu Dhabi National Oil Company's Muban crude oil. The new entity, called ICE Futures Abu Dhabi, was set up in that country's free trade zone, called the Abu Dhabi Global Market. ICE lists the physically delivered contract, which is cleared on ICE Clear Europe. The move is considered a big one in the energy markets, as it represents a major change in Middle East crude oil pricing. ICE partnered with Abu Dhabi National Oil Company (ADNOC), BP, Total, Inpex, Vitol, Shell, Petrochina, Korea’s GS Caltex, Japan’s JXTG and Thailand’s PTT in the new exchange.

Company Overview: Exchanges, Clearing Houses, Technology, Data Services

ICE Futures Exchanges

ICE Futures U.S., previously known as The Board of Trade of the City Of New York (NYBOT), was acquired by ICE in 2007. ICE Futures U.S. is the second largest derivatives exchange in the United States, offering futures and options on energies, agricultural commodities, precious metals, foreign exchange and equity indexes and credit. ICE Futures U.S. is a Designated Contract Market regulated by the Commodity Futures Trading Commission (CFTC). In January 2008, ICE's primary trade matching engine for all OTC and futures products migrated permanently from Atlanta to the company's Chicago data center location. The hosting facility includes expanded co-location capabilities and provides the physical space, electric power, and bandwidth necessary to accommodate continued growth in ICE's messaging traffic, trading volume and customer base. The Atlanta-based data center is the disaster recovery site for the ICE trade matching engine. ICE Futures Europe originated in 1981 as the International Petroleum Exchange of London (IPE). ICE purchased IPE in 2001 and renamed it ICE Futures Europe. It is the largest regulated energy futures exchange in Europe, and the second largest in the world. The exchange’s benchmark contract, the ICE Brent Crude futures contract, is relied upon to price two-thirds of the world’s physical oil, and the ICE Gas oil futures contract is the world’s largest refined petroleum product futures contract. As a result, half of the worlds crude and refined oil futures trade in the exchange's markets. It also offers contracts on short-, medium- and long-term interest rates such as the Eurodollar and GCF Repo futures, agriculture such as softs, emissions and equity derivatives such as the FTSE and MSCI futures. ICE Futures Europe is a Recognised Investment Exchange and regulated by the U.K. Financial Services Authority (FSA), with additional oversight by the CFTC, including position limits and enhanced reporting, for all U.S. linked contracts. ICE shut down the former IPE trading floors and switched trading over to an all electronic trading platform in 2005, making it the first fully electronic energy exchange in the world. ICE Futures Canada was established in 1887 as the Winnipeg Grain & Produce Exchange. It later became the Winnipeg Commodity Exchange (WCE) and was acquired by ICE in 2007. North America’s first fully electronic commodity exchange, ICE Futures Canada offers futures contracts on oil seeds and grain, including the world’s leading canola futures. It is regulated by the Manitoba Securities Commission. ICE Futures Singapore, formerly the Singapore Mercantile Exchange founded in 2010 by a firm led by Financial Technologies Group. ICE purchased the exchange and its clearing house SMX Clearing Corporation in November 2013 for $200 million. The exchange was essentially shut down, revamped and renamed ICE Futures Singapore, and launched in November 2015 with five contracts in brent crude, gasoil, gold and Renminbi futures, cleared at the exchange's renamed clearinghouse ICE Clear Singapore. ICE Futures Singapore is the fifth futures exchange for ICE. ICE Endex is an energy exchange in continental Europe, providing European natural gas and power markets. ICE acquired a majority stake of 79.12 percent in APX Endex in September 2012, taking control of the Amsterdam-based company's Dutch gas and power derivatives business. It was renamed ICE Endex and is a joint initiative with Gasunie, a European gas infrastructure company, listing more than 800 energy contracts. ICE Futures Abu Dhabi is an energy futures exchange set to launch in 2020, to list Murban crude grade futures. ICE is partnered with several oil firms including BP, Total, Inpex, Vitol, Shell, Petrochina, Korea’s GS Caltex, Japan’s JXTG and Thailand’s PTT.

ICE Securities Exchanges

New York Stock Exchange was purchased by ICE as part of the NYSE Euronext acquisition in November 2013 for $11 billion. The NYSE, founded in 1792, lists medium and large companies and is also known as the "Big Board." NYSE MKT is the counterpart securities exchange to NYSE, designed to support younger, high-growth companies that fit into the small-cap category. The exchange, formerly known as NYSE Amex, changed its name in May 2010. NYSE Arca is a fully electronic marketplace that lists more than 8,000 exchange-listed securities on NYSE and Nasdaq. NYSE National is a fully electronic equities market with a maker-taker pricing model. It was formerly known as the National Stock Exchange. Chicago Stock Exchange is a fully electronic equities market, with data and corporate listings. NYSE Bonds is a bond market, launched in April 2007, that offers traders a web-based tool, NYSE Bond Directory, which provides investors with access to pricing data on individual corporate bonds. The platform replaced the Automated Bond System platform which allowed trading in debt securities.

NYSE Options Exchanges

*NYSE Amex Options, owned by IntercontinentalExchange Group since November 2013, is a US options exchange. It trades options on US-listed stocks, American Depositary Receipts (ADRs), broad-based, industry sector and international indexes, exchange traded funds (ETFs), and HOLDRS. In addition to conventional options, it also trades LEAPS and equity and index FLEX options. NYSE Arca Options, owned by ICE since 2013, is a "hybrid market" which offers both electronic and floor executed options including stock options, index options, ETF and ETN options and FLEX and LEAP options. The exchange has floor operations in San Francisco, the location of the former Pacific Stock Exchange.

ICE OTC Markets

*ICE OTC Energy is the internet-based global OTC energy market launched in 2000, and was the first major market and foundation for the company. The platform offers cleared and bilateral transactions on crude oil, natural gas, power, refined petroleum and natural gas liquids (NGL) contracts. ICE’s Henry Hub OTC natural gas swap is regulated by the CFTC as a Significant Price Discovery Contract. More than 95% of ICE's OTC energy volume is cleared. ICE Creditex a credit derivatives brokerage acquired by ICE in 2008 paved the way for ICE to enter the OTC credit default swaps (CDS) market. Creditex is an interdealer broker for credit default swaps and bonds, using a hybrid model of voice and electronic execution. It was the first platform to offer electronic CDS trading. ICE Swap Trade is a cleared swap execution facility offering credit default swaps indexes, single names, bilateral energy trades on natural gas, electricity and oil swaps. Participants can use the ICE Trade Vault, which is a global depository for the reporting of energy and CDS swaps.

ICE Clearing Houses

ICE Clear U.S. serves the markets of ICE Futures U.S. ICE Clear U.S. is a Derivatives Clearing Organization under the Commodity Exchange Act and is regulated by the CFTC. ICE Clear U.S. traces its roots to The Clearing Corporation, established in 1925 as the nation’s first independent futures clearing house. It provides the risk management framework, operational processes and clearing infrastructure for the ICE Trust and ICE Clear Europe CDS clearing houses. ICE Clear Europe serves the futures markets of ICE Futures Europe and ICE’s OTC energy markets. In July 2009, London-based ICE Clear Europe introduced clearing for European CDS, with a separate risk pool, guaranty fund and margin accounts, as well as a dedicated risk management system and governance structure. ICE Clear Europe is a U.K. Recognised Clearing House and is regulated by the FSA. In January 2010, ICE Clear Europe received U.S. derivatives clearing organization (DCO) registration from the CFTC and was the first new European clearing house to open in more than a century. ICE Clear Canada serves the markets of ICE Futures Canada, which trades canola oil futures. It is regulated by the Manitoba Securities Commission. ICE Clear Singapore is the clearing facility for ICE Futures Singapore clearing futures contracts on FX, metals and energy. ICE Clear Credit formerly, ICE Trust U.S. is a U.S.-based credit default swap clearing house. In March 2009, ICE Trust became the world's first operational CDS clearing house. NGX was acquired in December 2017 and provides electronic execution and clearing for North American natural gas trading. Based in Canada, it is backed by a default insurance policy by the Export Development Corporation, a Canadian government agency. ICE Clear Netherlands is ICE's continental European clearing house, handling trades executed on the Dutch securities exchange The Order Machine or TOM. The clearing house also has regulatory license on OTC derivatives, central counterparties and trade repositories under European Markets Infrastructure Regulation (EMIR). Other ICE Clearing Relationships include a 9.8 percent stake in Euroclear.

ICE's technology and services

ICE technology and services ICE Trading Platform is the trading system for ICE futures markets and can be accessed via a direct connection, the web or mobile aps or an independent software vendor. The platform offers sub 1-millisecond round-trip transaction times on ICE futures markets and supports bilateral and cleared OTC markets, as well as all ICE futures and options markets. ICE has more than 21,000 concurrent connections to its platform globally each day via is WebICE browser, and independent software vendors and co-location data centers. WebICE is the web-based browser for the ICE Trading Platform for customers who want to connect to ICE through the internet. ICE Mobile is the mobile technology for members wishing to trade or connect to ICE via mobile devices such as an iPad, iPhone, Android or Blackberry. ICE Chat, a peer-to-peer trade instant message negotiation application designed to meet the informational and risk management needs of OTC traders and brokers, formerly known as YellowJacket.

ICE Data Services

ICE Data Services ICE Data, which compiles and repackages trading data which includes real-time information as well as historical, end-of-day reports, market records such as all-time open interest and volume highs, plus benchmark contracts and ICE indexes. The subscription service can be accessed as a view only service, indexes to track global products, and via Superderivatives, which offers analytics tools. NYSE Data Services provides real-time market information such as price, transaction and order book data on all contracts traded on the NYSE's cash and derivatives markets. Data is distributed to data vendors, financial institutions and service providers. It runs on the ICE Secured Financial Transaction Infrastructure of SFTI, a network that connects to more than 120 global markets including NYSE and ICE, plus alternative trading systems, clearing and settlement facilities and market data providers. Interactive Data which was acquired by ICE in 2015, provides financial data and analytics in two main departments: Pricing and Reference Data, which includes evaluated pricing services, which are daily opinions of value on about 2.7 million fixed income securities, international equities and other hard to value instruments, reference data on more than 10 million global financial instruments and fixed income portfolio analytics and data. Cryptocurrency Data Feed, launched in January of 2018, offers real-time cryptocurrency information and will initially include data from more than 15 cryptocurrency exchange venues globally. The feed is the result of an exclusive agreement between ICE Data Services and Blockstream offering extensive coverage of prices and order book data for bitcoin and several other leading cryptocurrencies. The other main department at IDG is Trading Solutions, which includes: real-time market data feeds and trading infrastructure managed services for banks, brokers asset managers, hedge funds and others. This data across many asset classes helps support low latency traders and other applications dealing with portfolio pricing, risk and compliance. It also offers web applications and workstations providing market data, analytics and tools for traders. Superderivatives which was acquired by ICE in October 2014, provides cloud-based market data and derivatives trading analytics on financial and commodity markets. The company offers live market data in real-time or as an end-of-day set of market rates. Its valuation services run on a technology platform so users can do full pricing analysis. ICE Clear, which provides risk management, capital efficiency and maximum financial safeguards to participants in ICE's futures and OTC markets. The clearing platform supports all aspects of trade registration and contract settlement, while guaranteeing traded contracts registered for clearing. In addition to clearing contracts that are executed on the ICE platform, ICE accepts automated submission of off-exchange trades for clearing. ICE eConfirm, which provides a fast, accurate and legally binding alternative to manual, paper confirmations that confirms trades within seconds or minutes. ICE Chat, a peer-to-peer trade instant message negotiation application designed to meet the informational and risk management needs of OTC traders and brokers, formerly known as YellowJacket. 'Trade Vault is a swap data and trade repository for energy and commodity markets. It connects institutions, clearing houses, exchanges, middleware platforms and electronic trade confirmation services which includes eConfirm, for reporting obligations in North America, Europe and Asia. It also distributes real-time trade and historical data in its data warehouse and reporting platform. It is registered under CFTC's Dodd-Frank and EMIR, the Eastern Canadian Provincial Rules and Policies, and ACER's REMIT as a Registered Reporting Mechanism (RRM). ICE Link is a post-trade application for credit default swaps, providing industry participants with electronic post-trade affirmation and connections to real-time clearing. It is used in credit default swaps markets by more than 800 buy-side institutions, 26 sell-side dealers and 12 prime brokers. ICE Data Indices is a fixed income index platform, featuring more than 5,000 indices and nearly $1 trillion benchmarked to them. ICE Benchmark Administration or IBA is the administrator of three key global benchmarks: ICE LIBOR, or London Interbank Offered Rate, (formerly the BBA LIBOR), ICE Swap Rate and LBMA Gold Price. In February 2014, ICE was authorized by the FCA in London to oversee the LIBOR benchmark. In July 2014 ICE took over the administration of the ISDAFIX benchmark, a key rate for the pricing and settlement of swaps which is now called the ICE Swap Rate. And in March 2015, ICE was given authority to oversee the Gold Price, previously known as the London Bullion Market Association Gold Fixing Price, established in 1919. ICE DataVault is a cloud-based service for real-time tick data on ICE Data Service's consolidated feed and tick history service, which consolidates data from more than 600 sources including more than 300 exchanges, 130-plus FX contributors, OTC brokers and ICE's fixed income prices.

.

Acquisitions & Transactions

• June 2001: ICE expanded its business into the regulated futures markets by acquiring the International Petroleum Exchange for $130 million in cash and stock. On Sept. 3, 2007, the exchange was renamed ICE Futures Europe.

• January 2007: ICE acquired the New York Board of Trade for $1 billion, which included NYBOT's clearing house. While the acquired futures contracts were moved to trade only on the ICE electronic platform, the option products continue to be traded both electronically and via its traditional open outcry mode. On Sept. 3, 2007, the exchange was renamed ICE Futures U.S.

• July 2007: ICE acquired and integrated ChemConnect's markets to its over the counter business, adding a marketplace for natural gas liquids (NGL’s), propane and other chemicals.

• August 2007: ICE acquired the Winnipeg Commodity Exchange for $37.4 million, and changed its name to ICE Futures Canada on January 1, 2008.

• October 2007: ICE acquired Chatham Energy, an OTC energy brokerage firm specializing in structuring and facilitating transactions in the energy options markets.

• January 2008: ICE acquired YellowJacket Software, a peer-to-peer instant messaging trading tool for the OTC markets. The technology was renamed ICE Chat.

• August 2008: ICE acquired Creditex Group, Inc., a credit default swaps processor in the U.S., Europe and Asia for $625 million. The transaction, totaled $625 million.

• March 2009: ICE completed its acquisition of The Clearing Corporation and launched clearing services for CDS under ICE Trust using TCC’s technology and risk management frameworks. It was later rebranded as ICE Clear Credit.

• July 2010: ICE completed its purchase of the Climate Exchange plc for $606.7 million dollars. The Climate Exchange includes the Chicago Climate Exchange, the European Climate Exchange and the Chicago Climate Futures Exchange. ECX is the world's largest trader of carbon-emissions permits under the EU cap-and-trade system while CCX trades mostly voluntary permits in the U.S. market.

• July 14, 2011: ICE announced the acquisition of 12.4 percent of Cetip, Brazil's largest clearinghouse. Under the deal, ICE paid $512 million in cash, or R$25.50 for its shares in Cetip. Advent International, which invested in Cetip prior to its initial public offering, was the main seller and with the sale, transitioned off the board of Cetip.

• September 2012. ICE acquired WhenTech, a technology software firm focused on options valuation, analytics and risk management.

• March 2013: ICE acquired 79 percent of APX-Endex's derivatives and spot business, and renamed the company ICE Endex. It's contracts are traded on the ICE Trading Platform and cleared on ICE Clear Europe. ICE purchased the remaining shares in the company from N.V. Nederlandse Gasunie in July 2017.

• November 13, 2013: ICE acquired NYSE Euronext in a stock-and-cash transaction valued at approximately $11 billion. The exchange had first announced plans to buy NYSE Euronext on December 20, 2012. The terms of the deal called for $11.27 in cash and 0.1703 shares of ICE for each NYSE Euronext share. ICE spun off Euronext in an initial public offering announced on June 19, 2014, with the stock trading the next day. The shares were sold for 20 euros apiece in an 845 million euro ($1.2 billion) transaction. The stock trades in Paris, Amsterdam and Brussels under the “ENX” symbol. All of the 42,248,881 offered Shares were sold in the IPO, representing 60.36% of the total issued ordinary share capital of the company. Before the IPO, ICE sold a stake of 33.36% to a group that included Banco Espirito Santo SA, BNP Paribas SA (BNP), ABN Amro Group NV, Societe Generale SA (GLE) and Euroclear SA/NV, at a price of €19.20 per share.

• February 2014: ICE acquired the Singapore Mercantile Exchange, including its clearing house subsidiary, the SMX Clearing Corporation (SMXCC) in an all-cash transaction for $200 million. The exchange would be renamed ICE Futures Singapore and the clearing house, ICE Clear Singapore. The deal, completed in February 2014 gave ICE a foothold in Asia and made it the first non-Asian exchange to own a clearing house there.

• April 2014 ICE purchased Algo Technologies Ltd. to use its technology to serve as the new NYSE matching engine.

• August 2014: ICE acquired U.S. patent rights relating to automated trading strategies that make price and trading decisions based on market price information. Speaking on ICE’s Q2 earnings call, CEO Jeffrey Sprecher said the patents would allow the exchange group to more broadly protect its customers, and added that ICE was also developing its own licensing plan. The intellectual property rights cover multiple asset classes traded electronically on exchanges, including futures, options and cash equities.

• October 7, 2014: ICE acquired SuperDerivatives, an Israeli financial technology group, for about $350m in cash, adding to ICE's clearing, risk management and market data strategy. In addition to data and analytics, SuperDerivatives provides a chat platform similar to the one used on Bloomberg terminals. ICE had been looking to enter the high-tech information terminal space to compete with Bloomberg and other information providers. The acquisition also gives ICE access to the group’s DGX product, which allows traders to access live pricing and news and to analyze theoretical trades before they execute them.

• November 2014: ICE subsidiary NYSE acquired True Office, a compliance education company which provides information on compliance and governance risk compliance in an interactive format.

• December 3, 2014: ICE completed its strategic investment in the Holland Clearing House, a continental European derivatives clearing house, giving ICE a total of six clearing houses. ABN Amro Clearing retained a minority interest. Holland Clearing House (HCH) was renamed ICE Clear Netherlands and is the primary clearing house for the TOM multi-lateral trading facility.

• July 2014: ICE sold the NYSE Technologies division, which offered transaction, data and infrastructure and managed services. ICE sold off NYFIX, Metabit and Wombat, the three companies that comprised NYSE Technologies. Wombat was sold to SR Labs, (later renamed Vela) while NYFIX and Metabit were sold to ULLINK (which later merged with Itiviti).

• December 11, 2015: ICE acquired Trayport, an electronic energy trading platform, from BGC Partners and GFI for approximately $650 million, comprising approximately 2.5 million ICE common shares. BGC acquired Trayport when it bought the company's parent, GFI Group, for $750 million. The acquisition ran into problems however, when the UK Competition and Markets Authority, said it violated antitrust laws and tdemanded that ICE sell Trayport. After a UK court affirmed that ruling in March 2017, ICE said it would divest itself and in October 2017 announced it would sell Trayport to TMX Group in exchange for TMX Group assets that included NGX, or (Natural Gas Exchange) and Shorecan Energy Brokers and cash of £350 million.

• December 14, 2015: ICE completed its acquisition of Interactive Data Corp. from Silver Lake and Warburg Pincus for $5.2 billion. The deal put ICE into the market for pricing and data on interest rate products and illiquid bonds. Interactive Data is now a wholly-owned subsidiary of ICE.

• October 3, 2016: ICE completed the acquisition of two business data units from McGraw Hill Financial, Standard & Poor's Evaluations, a fixed income evaluation pricing service and Credit Market Analysis, a data provider for OTC markets. It was renamed Securities Evaluations by ICE and is managed separately from ICE Data Services.

• January 31, 2017 ICE's NYSE closed the acquisition of the National Stock Exchange and renamed it NYSE National.

• June 17, 2016 ICE announced the purchase of a majority stake in MERSCORP Holdings, owner of Mortgage Electronic Registrations Systems, Inc. The two companies entered into a software development agreement to improve the MERS system.

• May 1, 2017 ICE closed the acquisition of TMX Atrium, an extranet and wireless information services business from TMX Group. Terms of the deal were not disclosed.

• October 22, 2017 ICE completed its acquisition of the Bank of America Merrill Lynch Global Research division’s fixed income index platform, folding it into ICE Data Services. It was rebranded as ICE BofAML Indices, featuring more than 5,000 indices and nearly $1 trillion benchmarked to them.

• October 25, 2017 ICE acquired a 4.7% stake in Euroclear for EUR 275 million from the previous stakeholder, RBS.

• January 2018 ICE closed a $400 million cash acquisition of Virtu BondPoint, an electronic fixed income trading platform.

• July 17, 2018 ICE closed the acquisition of the Chicago Stock Exchange (CHX) for an undisclosed amount.

• July 23, 2018 ICE completed the acquisition of TMC Bonds, a fixed income platform, for $685 million in cash.

• May 1, 2019 ICE announced the acquisition of Simplifile, a firm that provides electronic processing of mortgage records.

• October 16, 2019 ICE closed the purchase of the Merrill Lynch Option Volatility Estimate (MOVE) index and the accompanying fixed income volatility indices from Bank of America Merrill Lynch. The indices were renamed ICE Data Indices and are part of the ICE Data Services business. The deal was motivated in part by ICE's decision to target the growth of fixed income ETFs, which surpassed $1 trillion in assets in 2019, according to ICE Data Services President and COO Lynn Martin.

• September 4, 2020 ICE announced that it received regulatory approval and fully completed its $11 billion acquisition of Ellie Mae from private equity firm Thoma Bravo. Founded in 1997 to automate and digitize the trillion-dollar residential mortgage industry, Ellie Mae provides technology services to participants in the mortgage supply chain through its digital lending platform, including more than 3,000 customers and thousands of partners and investors who participate on their open network who provide liquidity to the market.

ICE Group Total Contract Volume

Year	Total Annual Volume*	Percent Change
2018	2,474,233,217	16.4%
2017	2,125,404,062	4.3%
2016	2,037,932,88	1.9%
2015	1,1998,810,416	(-)9.8%
2014	2,276,171,019	(-)11.0%
2013	2,558,489,589 *	439.9%
2012	473,895,526	24.4%
2011	381,097,787	15.9%
2010	328,946,083	24.8%
2009	263,582,881	--

*2013 volume reflects the acquisition of NYSE-Euronext

2018

Exchange	Volume	Percent Change
ICE Futures Europe	1,276,090,376	9.35%
NYSE Amex	389,866,979	32.8%
NYSE Arca	460,113,544	52%
ICE Futures U.S.	342,613,160	(-)3.3%
ICE Futures Canada	2,973,036	(-)46.3%
ICE Futures Singapore	2,566,022	12.1%

ICE Futures, Options & OTC Products

Agricultural

Agricultural contracts traded include: US and UK-based softs contracts: ICE U.S. Coffee "C" Arabica, which is the world's largest coffee futures contract, Robusta Coffee, Cotton No. 2, World Cotton, Cocoa, , Frozen Concentrated Orange juice, ICE Sugar No. 11,ICE Sugar No. 16 and White Sugar.

ICE also offers grains including ICE Canola and several traditional agriculture contracts in corn, wheat and soybeans.

For a full list of energy products on the ICE website, click HERE

Credit

ICE offers Eris Exchange credit index derivatives as cash settled futures with $100,000 notional principal, whose value represents a basket of credit default protection on the entities in the index. These contracts are settled in the ICE Clear Credit clearing facility.

Energy, Emissions and Power

Nearly half of the world's global crude futures by volume is transacted on the ICE exchange. It currently offers futures and options contracts on coal, crude oil, refined products, electricity, emissions, liquified natural gas, natural gas, natural gas liquids and petrochemicals offered on its ICE Futures US, ICE Futures Europe, ICE Futures Singapore, ICE OTC platform, ICE Endex and Trayport markets.

For a full list of energy products on the ICE website, click HERE

Equity Derivatives

ICE offers equity index and single stock futures including contracts on FTSE indexes, MSCI indexes, Russell Indexes, single stock futures and options and ICE Block contracts.

For a full list of equity derivatives products on the ICE website, click HERE

FX

ICE's FX futures are best known for its ICE US Dollar Index. ICE also offers cross currency pairs, and US dollar and euro-based pairs.

For a full list of FX products on the ICE website, click HERE

Freight

ICE offers a number of dry and wet freight futures contracts that cover major shipping routes around the world.

For a full list of freight products on the ICE website, click HERE

Interest Rates

ICE offers a number of short, medium and long interest rate futures, swap notes and Eris branded interest rate futures. Many of its interest rate futures were acquired in the 2013 purchase of NYSE Euronext, which included the London-based derivatives market then known as NYSE Liffe. Those well-traded products, such as the three-month short sterling futures, EURIBOR futures and Long Gilt Futures, were some of the benchmark contracts that were moved over to ICE Futures Europe.

For a full list of interest rate products on the ICE website, click HERE

Metals

ICE offers a slate of precious and ferrous metals contracts including gold, silver and iron ore.

For a full list of metals products on the ICE website, click HERE

US Environmental

ICE offers a number of regional emissions futures contracts for carbon markets in California, the Northeast's Regional Greenhouse Gas Initiative, Massachusetts, Connecticut and Renewable Energy Certificates for New Jersey.

For a full list of US environmental contracts on the ICE website, click HERE

OTC Markets

The ICE OTC markets include Credit Default Swaps, Creditex, ICE Swap Trade for bilateral energy contracts and physical energy contracts on the ICE OTC platform for North American natural gas, power and global crude and refined oil products.

Energy

ICE offers approximately 500 OTC energy contracts, with a large portion of the volume occurring in about 70 contracts in North American gas and power and global oil.

For a full list of Physical OTC energy contracts on the ICE website, click HERE

For a full list of OTC energy swaps contracts on the ICE website, click HERE

Credit ICE offers execution, processing for OTC credit derivatives through its Creditex and ICE Swap Trade, cleared through ICE Clear Europe and ICE Clear Credit. Such trades can be facilitated through ICE Link, an automated workflow and connectivity platform for affirming credit derivatives trades, or post-trade processing.

For a full list of OTC energy swaps contracts on the ICE website, click HERE

Key People

• 

  Jeffrey Sprecher, Chairman, Chief Executive Officer

• 

  Benjamin Jackson, President

• 

  Trabue Bland, President of ICE Futures US

• 

  Christopher S. Edmonds, Senior Vice President, Financial Markets

• 

  Stanislav Ivanov, President, ICE Clear Credit & TCC

• 

  Stuart Williams, President, Chief Operating Officer, ICE Futures Europe

• Douglas Foley, Senior Vice President, HR & Administration, Intercontinental Exchange
• Warren Gardiner, Chief Financial Officer, Intercontinental Exchange
• Amanda Hindlian, President, Fixed Income & Data Services, Intercontinental Exchange
• Jennifer Ilkiw, President, ICE Futures U.S.
• Mayur Kapani, Chief Technology Officer, Intercontinental Exchange
• Elizabeth King, President, ESG & Chief Regulatory Officer, Intercontinental Exchange
• Lynn Martin, President, NYSE Group & Chair, ICE Fixed Income & Data Services
• Kevin McClear, President, ICE Clear U.S.
• Brookly McLaughlin, Vice President, Corporate Affairs & Sustainability, Intercontinental Exchange
• Christopher Rhodes, President, ICE Futures Europe
• Joanne Rowe, Corporate Risk Officer, Intercontinental Exchange
• Hester Serafini, President, ICE Clear Europe
• Octavia Spencer, Vice President, Associate General Counsel & Corporate Secretary, Intercontinental Exchange
• Andrew Surdykowski, General Counsel, Intercontinental Exchange
• Joe Tyrrell, President, ICE Mortgage Technology
• David Underwood, Chief Audit Executive, Intercontinental Exchange
• Mark Wasserug, Chief Information Officer, Intercontinental Exchange

Corporate Governance

The following individuals are members of ICE's board of directors:

Jeffrey C. Sprecher Hon. Sharon Bowen Shantella Cooper Duriya Farooqui The Rt. Hon. the Lord Hague of Richmond Mark Mulhern Thomas Noonan Caroline Silver Judith Sprieser Marti Tirinnanzi

Annual Reports

• 2018 Annual Report (No title)
• 2017 Annual Report (Transforming Global Markets)
• 2016 Annual Report (Illuminating Markets)
• ICE 2015 Annual Report (No title)
• ICE 2014 Annual Report (No title)
• ICE 2013 Annual Report (No title)
• ICE 2012 Annual Report (No title)
• ICE 2011 Annual Report Titled: "Growth
• ICE 2010 Annual Report Titled "Always Ahead"
• ICE 2009 Annual Report (No title)
• ICE 2008 Annual Report Titled: "Global Markets In Clear View"
• ICE 2007 Annual Report Title: "Open To Change"
• ICE 2006 Annual Report Title: "Never Satisfied"
• ICE 2005 Annual Report

JLN Interviews

ICE’s Hutcheson Talks Benchmarks and Assuming the Helm of ICE Clear Europe

JLN Exchange Leader Series 2017: ICE CEO Jeff Sprecher

Office Locations

Atlanta

Corporate Headquarters 5660 New Northside Drive NW, 3rd Floor, Atlanta, GA 30328 phone +1 770 857 4700

London

ICE Futures Europe Headquarters 5th Floor, Milton Gate, 60 Chiswell Street, London EC1Y 4SA phone +44 (0)20 7065 7700

Creditex 6th Floor, Milton Gate, 60 Chiswell Street, London EC1Y 4SA phone: +44 (0)20 7429 3000

New York

ICE Futures U.S. Headquarters 55 East 52nd Street, 40th Floor, New York, NY 10055 phone +1 212 748 4000

Creditex 55 East 52nd Street, 40th Floor, New York, NY 10055 phone: +1 212 323 8500

Corporate Headquarters & New York Stock Exchange 11 Wall Street, New York, NY 10005 phone: +1 212 656 3000

ICE Data Services 100 Church Street, 11th Floor, New York, NY 10007 phone +1 212 497 3000

Amsterdam

ICE Endex Headquarters & ICE Clear Netherlands Atlas Arena Amsterdam Australia Building, 3rd Floor, Hoogoorddreef 7, Amsterdam 1101 BA, Netherlands phone: +31 20 305 5100 I phone: + 31 (0) 20 305 5155

Calgary

607 8th Avenue S.W. Suite 320, Calgary, Alberta, Canada T2P 0A7 phone +1 403 508 1300

Chicago

353 North Clark Street, Suite 3100, Chicago, Il 60654 phone +1 312 836 6700

Houston

1401 McKinney, Suite 975, Houston, TX 77010 phone +1 713 890 1200

Singapore

6 Battery Road, #36-01/02/03, Singapore 049909 phone +65 6594 0160

Washington, D.C.

801 Pennsylvania, Ave. NW, Suite 630 , Washington, DC 20004

Winnipeg

ICE Futures Canada Headquarters 850A Pembina Highway, Winnipeg, Manitoba, Canada R3M 2M7 phone: +1 204 925 5000

Resources

• ICE Web site: www.theice.com
• Creditex web site: www.creditex.com