| Market Capitalization (Millions $) |
90,860 |
| Shares
Outstanding (Millions) |
577 |
| Employees |
13,222 |
| Revenues (TTM) (Millions $) |
11,534 |
| Net Income (TTM) (Millions $) |
2,483 |
| Cash Flow (TTM) (Millions $) |
347 |
| Capital Exp. (TTM) (Millions $) |
639 |
Intercontinental Exchange Inc
Company Profile: Intercontinental Exchange Inc.
Overview:
Intercontinental Exchange Inc. (ICE) is a leading operator of global markets and an innovative provider of data services. ICE facilitates electronic trading and clearing across a wide range of asset classes, including energy products, soft commodities, and financial derivatives. Established to enhance the efficiency and transparency of these markets, ICE serves a diverse clientele that includes financial institutions, companies, and individual traders.
Market Operations:
ICE operates the premier electronic global marketplace for futures and over-the-counter (OTC) trading, positioning itself as the foremost platform for energy products and soft commodities. The marketplace allows for side-by-side trading of futures and OTC markets within a single integrated electronic framework, improving accessibility and transparency for buyers and sellers of derivative and physical commodities contracts.
Trading Platforms:
The companys trading operations leverage an advanced electronic platform designed to streamline trade execution and enhance the speed of transaction processes. ICE also maintains open-outcry trading facilities for regulated futures and options markets, mainly focusing on soft commodities, foreign exchange, and various commodity indices. This dual trading model caters to the preferences of different market participants, optimizing their trading operations.
Energy Futures and Soft Commodities:
ICE conducts its regulated energy futures business through ICE Futures, recognized as the largest energy futures exchange outside North America. Following the acquisition of the New York Board of Trade (NYBOT) in January 2007, ICE expanded its offerings to include regulated soft commodities and financial futures and options. This acquisition also provided access to the New York Clearing Corporation (NYCC), a clearing house that supports trade settlement.
Product Offering:
ICEs extensive product portfolio includes:
- Crude oil and refined oil products
- Natural gas and power
- Emissions trading
- Soft agricultural commodities such as sugar, cotton, coffee, cocoa, and orange juice
- Foreign exchange and index products
These derivatives and physical commodities enable market participants to manage pricing risks, ensure delivery, allocate assets, speculate, and engage in arbitrage. The majority of trades are financially settled, eliminating the need for physical delivery and enhancing liquidity.
Clearing and Settlement:
The clearing of all futures and cleared OTC contracts is managed through a central clearing house, ensuring efficient settlement processes. ICE offers both bilateral and cleared contracts, with the latter being novated to a clearing house to manage credit exposure effectively.
Technology & Innovation:
ICEs electronic trading platform offers numerous benefits, including price improvement, cost efficiencies, reduced trading errors, and diminished reliance on market intermediaries. The platform also supports an array of trading-related services, including trade confirmations, access to clearing, and risk management functionalities, ultimately promoting seamless trade operations from front to back office.
Competitive Landscape:
ICE competes with several notable exchanges, including:
- New York Mercantile Exchange (NYMEX)
- Chicago Mercantile Exchange (CME)
- London International Financial Futures and Options Exchange (LIFFE)
Additional competitors encompass voice brokers operating in the commodities sector, other electronic trading platforms, and market data vendors. ICE remains committed to leveraging innovation and technology to maintain its competitive edge in the dynamic global marketplace.
Conclusion:
Intercontinental Exchange Inc. is committed to enhancing market efficiency and transparency through its advanced trading platforms and diverse product offerings. By focusing on electronic trading solutions, ICE continues to shape the future of commodities and financial derivatives markets, enabling participants to manage their risks effectively while capitalizing on market opportunities.
Company Address: 5660 New Northside Drive Atlanta 30328 GA
Company Phone Number: 857-4700 Stock Exchange / Ticker: NYSE ICE
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