Profile: Intercontinental Exchange Inc (ICE.N)
5 Dec 2016
Intercontinental Exchange, Inc., formerly IntercontinentalExchange Group, Inc., incorporated on March 6, 2013, is an operator of regulated exchanges, clearing houses and listings venues. The Company provides data services for commodity and financial markets. The Company operates in the United States, the United Kingdom, continental Europe, Asia, Israel and Canada. The Company operates regulated marketplaces for trading and clearing a range of derivatives and securities contracts across asset classes, including energy and agricultural commodities, interest rates, equities, equity derivatives, credit derivatives, bonds and currencies. The Company provides various services to its customers, such as pre-trade to execution, clearing, data services and technology.
The Company's exchanges include futures exchanges in the United States, the United Kingdom, continental Europe, Canada and Singapore, and cash equities exchanges and equity options exchanges in the United States. The Company operates over-the-counter (OTC), markets for physical energy and credit default swaps (CDS). The Company also operates central counterparty clearing houses serving the global derivatives markets in the United States, the United Kingdom, continental Europe, Canada and Singapore. In addition, the Company also offers a range of data and connectivity services to its global financial and commodity markets, and clearing houses.
The Company, through Interactive Data Holdings Corporation (Interactive Data), offers a range of data products, which includes an expanded range of fixed income pricing and reference data, analytics and trading service offerings. Through its trading, clearing, listings, data services and post-trade platforms, the Company brings together buyers and sellers by offering liquid markets, benchmark products, access to capital markets, information, and a range of related services to support market participants' investing, risk management and capital raising activities.
The Company's derivatives markets provide a means for trading and managing risks associated with price volatility, securing physical delivery of certain commodities, as well as enabling investment, asset allocation and diversification. The Company conducts its derivatives business through various regulated exchanges, such as Intercontinental Exchange (ICE) Futures Europe, ICE Futures Canada, ICE Endex, ICE Futures Singapore, the New York Stock Exchanges (NYSE) Amex Options and NYSE Arca Options.
The Company's OTC markets include both regulated and unregulated platforms for the execution of cleared and bilateral, or non-cleared, CDS instruments and bilateral energy contracts. The Company lists financially settled bilateral energy contracts on ICE Swap Trade and offers electronic trading on its physically settled North American natural gas, power, and global crude and refined oil products.
The Company operates clearing houses, each of which acts as a central counterparty. The clearing houses provide financial security for each transaction for the duration of the position by limiting counterparty credit risk. The Company's clearing houses are responsible for providing clearing services to each of its futures exchanges and certain of its clearing houses clear contracts traded outside of the Company's execution venues. The Company's clearing houses include ICE Clear Europe, ICE Clear Credit, ICE Clear Canada, ICE Clear Netherlands and ICE Clear Singapore.
Securities Trading and Listings
The Company operates approximately three securities exchanges for the trading of cash equities, including exchange traded products (ETP), fixed income securities and securities options. The Company, through its listings operations, it offers corporate and ETP issuers access to the United States capital markets. The Company conducts its securities trading and listings business through various exchanges and marketplaces, such as NYSE and NYSE Arca.
The Company offers data services across various markets, including data services that compile, analyze and distribute data across non-exchange traded markets. The Company's primary data service fees include the provision of real-time information relating to price, transaction and order data of the instruments traded on its exchanges. It also receives fees from Secured Financial Transaction Infrastructure (SFTI), a physical network that connects its markets and other market centers to consolidated data feeds, as well as fees from analytical and valuation services. It also offers pricing and valuation services for benchmarks, exchange-traded funds (ETFs), and a range of financial derivatives and clearing house positions.
The Company competes with CME Group, Nasdaq Futures, Inc., Eurex, Deutsche Borse, NLX, OMX Group, Inc., Nasdaq OMX Group, Inc., BATS Global Markets, Inc., the London Stock Exchange, Euronext, Chicago Board Options Exchange, Inc., the International Securities Exchange Holdings, Inc., Bloomberg L.P. and Thomson Reuters Corporation.
Intercontinental Exchange Inc
5660 New Northside Dr
ATLANTA GA 30328-5800
Company Web Links
- BRIEF-Intercontinental Exchange appoints Lee Yi Shyan chairman of ICE Futures Singapore
- BRIEF-S&P Global Platts and Intercontinental Exchange enter into a strategic agreement
- BRIEF-Ice Clear Netherlands announces Goldman Sachs international as a new general clearing participant
- ICE proposes limit on Dubai oil futures positions in 2017
- UPDATE 1-ICE proposes limit on Dubai oil futures positions in 2017