"US regulators were keen on the kind of clearing house for opaque over-the-counter (OTC) derivatives as a risk management device. Sprecher worked closely with the Federal Reserve to serve as its over-the-counter (OTC) derivatives clearing house. In a response to US financial crisis in 2008, Sprecher formed ICE US Trust, based in New York and now called ICE Clear Credit LLC, to serve as a limited-purpose bank, a clearing house for credit default swaps. While the company's original focus was energy products (crude and refined oil, natural gas, power, and emissions), acquisitions subsequently expanded its activity into soft commodities ( sugar, cotton and coffee), foreign exchange and equity index futures.
Eis company manual#
The new exchange increased price transparency, efficiency, liquidity, and had lower costs than manual trading. In May 2000, ICE was founded by Sprecher and backed by Goldman Sachs, Morgan Stanley, BP, Total, Shell, Deutsche Bank and Société Générale. with the objective of developing an Internet-based platform to provide a more transparent and efficient market structure for OTC energy commodity trading. In the late 1990s, Sprecher acquired Continental Power Exchange, Inc. Sprecher was a power plant developer who spotted a need for a seamless market in natural gas used to power generators. 2.17 2018: Chicago Stock Exchange (CHX).2.14 2017: BofA Merrill Lynch Global Research Index Platform (BofAML).2.12 2016 : Standard & Poor’s Securities Evaluations (SPSE).2.11 2015: Trayport and subsequent divestment.
2.10 2015: Interactive Data Corporation (IDC).2.6 2008: TSX Group's Natural Gas Exchange Partnership.
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