ICE » Topics » Our History

These excerpts taken from the ICE 10-K filed Feb 11, 2009.
History
 
In May 2000, IntercontinentalExchange was established, with our founding shareholders representing some of the world’s largest energy companies and global banks. Our mission was to transform OTC energy markets by providing an open, accessible, around-the-clock electronic energy marketplace to a previously fragmented and opaque market. We offered the energy community greater price transparency, efficiency, liquidity and lower costs than manual trading, such as voice or floor markets. Working together with participants in the energy markets, we developed the leading electronic marketplace for energy commodities, along with the leading electronic trade confirmation platform.
 
In June 2001, we expanded our business into the futures markets by acquiring the IPE, now ICE Futures Europe. Europe’s leading regulated energy futures exchange, ICE Futures Europe’s markets today account for approximately 50% of the world’s crude oil and refined futures traded each day. In April 2005, ICE Futures Europe became the first fully electronic energy exchange.


3


Table of Contents

ICE Data was launched in 2002 to meet the demand for increased market data in the OTC energy markets, and is today one of the leading providers of futures and OTC data globally. Since 2003, we have partnered with the Chicago Climate Exchange, or CCX, to host its OTC emissions markets, and today we offer the leading European emissions futures contracts in conjunction with the European Climate Exchange, or ECX.
 
In November 2005, we completed our initial public offering on the New York Stock Exchange under the ticker symbol “ICE” and have since become a member of the Russell 1000 and the S&P 500 indexes. In January 2007, we acquired NYBOT, now known as ICE Futures U.S. Today, ICE Futures U.S.’s futures contracts for soft agricultural commodities such as sugar and coffee are listed in our electronic markets. In June 2007, we entered into an exclusive licensing agreement with the Frank Russell Company to list the U.S. Russell Index futures complex. Also in 2007, we acquired the exclusive right to key natural gas indexes, including the NGI and NGX indexes.
 
In July 2007, we acquired and integrated ChemConnect’s OTC natural gas liquids and chemicals markets. In August 2007, we acquired the Winnipeg Commodity Exchange, the leading canola market in the world, now known as ICE Futures Canada. In October 2007, we acquired Chatham Energy, or Chatham, a leading OTC energy options broker, and in February 2008, we acquired YellowJacket Software, Inc., or YellowJacket, a leading peer-to-peer negotiation platform for the OTC options markets.
 
In August 2008, we completed our acquisition of Creditex, a leading interdealer market for the execution and processing of credit derivatives. In October 2008, we announced plans to acquire The Clearing Corporation, or TCC, and the transaction is expected to close in the first quarter of 2009. TCC will be the clearing service provider for our CDS clearing house, known as ICE US Trust, or ICE Trust. ICE Trust is a limited purpose New York trust regulated by the New York State Banking Department. ICE Trust plans to commence clearing in the first quarter of 2009. Today, we employ over 790 professionals across the United States, Europe and Asia.
 
History
 
In May 2000, IntercontinentalExchange was established, with our founding shareholders representing some of the world’s largest energy companies and global banks. Our mission was to transform OTC energy markets by providing an open, accessible, around-the-clock electronic energy marketplace to a previously fragmented and opaque market. We offered the energy community greater price transparency, efficiency, liquidity and lower costs than manual trading, such as voice or floor markets. Working together with participants in the energy markets, we developed the leading electronic marketplace for energy commodities, along with the leading electronic trade confirmation platform.
 
In June 2001, we expanded our business into the futures markets by acquiring the IPE, now ICE Futures Europe. Europe’s leading regulated energy futures exchange, ICE Futures Europe’s markets today account for approximately 50% of the world’s crude oil and refined futures traded each day. In April 2005, ICE Futures Europe became the first fully electronic energy exchange.


3


Table of Contents

ICE Data was launched in 2002 to meet the demand for increased market data in the OTC energy markets, and is today one of the leading providers of futures and OTC data globally. Since 2003, we have partnered with the Chicago Climate Exchange, or CCX, to host its OTC emissions markets, and today we offer the leading European emissions futures contracts in conjunction with the European Climate Exchange, or ECX.
 
In November 2005, we completed our initial public offering on the New York Stock Exchange under the ticker symbol “ICE” and have since become a member of the Russell 1000 and the S&P 500 indexes. In January 2007, we acquired NYBOT, now known as ICE Futures U.S. Today, ICE Futures U.S.’s futures contracts for soft agricultural commodities such as sugar and coffee are listed in our electronic markets. In June 2007, we entered into an exclusive licensing agreement with the Frank Russell Company to list the U.S. Russell Index futures complex. Also in 2007, we acquired the exclusive right to key natural gas indexes, including the NGI and NGX indexes.
 
In July 2007, we acquired and integrated ChemConnect’s OTC natural gas liquids and chemicals markets. In August 2007, we acquired the Winnipeg Commodity Exchange, the leading canola market in the world, now known as ICE Futures Canada. In October 2007, we acquired Chatham Energy, or Chatham, a leading OTC energy options broker, and in February 2008, we acquired YellowJacket Software, Inc., or YellowJacket, a leading peer-to-peer negotiation platform for the OTC options markets.
 
In August 2008, we completed our acquisition of Creditex, a leading interdealer market for the execution and processing of credit derivatives. In October 2008, we announced plans to acquire The Clearing Corporation, or TCC, and the transaction is expected to close in the first quarter of 2009. TCC will be the clearing service provider for our CDS clearing house, known as ICE US Trust, or ICE Trust. ICE Trust is a limited purpose New York trust regulated by the New York State Banking Department. ICE Trust plans to commence clearing in the first quarter of 2009. Today, we employ over 790 professionals across the United States, Europe and Asia.
 
History
 
In May 2000, IntercontinentalExchange was established, with our founding shareholders representing some of the world’s largest energy companies and global banks. Our mission was to transform OTC energy markets by providing an open, accessible, around-the-clock electronic energy marketplace to a previously fragmented and opaque market. We offered the energy community greater price transparency, efficiency, liquidity and lower costs than manual trading, such as voice or floor markets. Working together with participants in the energy markets, we developed the leading electronic marketplace for energy commodities, along with the leading electronic trade confirmation platform.
 
In June 2001, we expanded our business into the futures markets by acquiring the IPE, now ICE Futures Europe. Europe’s leading regulated energy futures exchange, ICE Futures Europe’s markets today account for approximately 50% of the world’s crude oil and refined futures traded each day. In April 2005, ICE Futures Europe became the first fully electronic energy exchange.


3


Table of Contents

ICE Data was launched in 2002 to meet the demand for increased market data in the OTC energy markets, and is today one of the leading providers of futures and OTC data globally. Since 2003, we have partnered with the Chicago Climate Exchange, or CCX, to host its OTC emissions markets, and today we offer the leading European emissions futures contracts in conjunction with the European Climate Exchange, or ECX.
 
In November 2005, we completed our initial public offering on the New York Stock Exchange under the ticker symbol “ICE” and have since become a member of the Russell 1000 and the S&P 500 indexes. In January 2007, we acquired NYBOT, now known as ICE Futures U.S. Today, ICE Futures U.S.’s futures contracts for soft agricultural commodities such as sugar and coffee are listed in our electronic markets. In June 2007, we entered into an exclusive licensing agreement with the Frank Russell Company to list the U.S. Russell Index futures complex. Also in 2007, we acquired the exclusive right to key natural gas indexes, including the NGI and NGX indexes.
 
In July 2007, we acquired and integrated ChemConnect’s OTC natural gas liquids and chemicals markets. In August 2007, we acquired the Winnipeg Commodity Exchange, the leading canola market in the world, now known as ICE Futures Canada. In October 2007, we acquired Chatham Energy, or Chatham, a leading OTC energy options broker, and in February 2008, we acquired YellowJacket Software, Inc., or YellowJacket, a leading peer-to-peer negotiation platform for the OTC options markets.
 
In August 2008, we completed our acquisition of Creditex, a leading interdealer market for the execution and processing of credit derivatives. In October 2008, we announced plans to acquire The Clearing Corporation, or TCC, and the transaction is expected to close in the first quarter of 2009. TCC will be the clearing service provider for our CDS clearing house, known as ICE US Trust, or ICE Trust. ICE Trust is a limited purpose New York trust regulated by the New York State Banking Department. ICE Trust plans to commence clearing in the first quarter of 2009. Today, we employ over 790 professionals across the United States, Europe and Asia.
 
History


 



In May 2000, IntercontinentalExchange was established, with our
founding shareholders representing some of the world’s
largest energy companies and global banks. Our mission was to
transform OTC energy markets by providing an open, accessible,
around-the-clock
electronic energy marketplace to a previously fragmented and
opaque market. We offered the energy community greater price
transparency, efficiency, liquidity and lower costs than manual
trading, such as voice or floor markets. Working together with
participants in the energy markets, we developed the leading
electronic marketplace for energy commodities, along with the
leading electronic trade confirmation platform.


 



In June 2001, we expanded our business into the futures markets
by acquiring the IPE, now ICE Futures Europe. Europe’s
leading regulated energy futures exchange, ICE Futures
Europe’s markets today account for approximately 50% of the
world’s crude oil and refined futures traded each day. In
April 2005, ICE Futures Europe became the first fully electronic
energy exchange.





3





Table of Contents






ICE Data was launched in 2002 to meet the demand for increased
market data in the OTC energy markets, and is today one of the
leading providers of futures and OTC data globally. Since 2003,
we have partnered with the Chicago Climate Exchange, or CCX, to
host its OTC emissions markets, and today we offer the leading
European emissions futures contracts in conjunction with the
European Climate Exchange, or ECX.


 



In November 2005, we completed our initial public offering on
the New York Stock Exchange under the ticker symbol
“ICE” and have since become a member of the Russell
1000 and the S&P 500 indexes. In January 2007, we acquired
NYBOT, now known as ICE Futures U.S. Today, ICE Futures
U.S.’s futures contracts for soft agricultural commodities
such as sugar and coffee are listed in our electronic markets.
In June 2007, we entered into an exclusive licensing agreement
with the Frank Russell Company to list the U.S. Russell
Index futures complex. Also in 2007, we acquired the exclusive
right to key natural gas indexes, including the NGI and NGX
indexes.


 



In July 2007, we acquired and integrated ChemConnect’s OTC
natural gas liquids and chemicals markets. In August 2007, we
acquired the Winnipeg Commodity Exchange, the leading canola
market in the world, now known as ICE Futures Canada. In October
2007, we acquired Chatham Energy, or Chatham, a leading OTC
energy options broker, and in February 2008, we acquired
YellowJacket Software, Inc., or YellowJacket, a leading
peer-to-peer
negotiation platform for the OTC options markets.


 



In August 2008, we completed our acquisition of Creditex, a
leading interdealer market for the execution and processing of
credit derivatives. In October 2008, we announced plans to
acquire The Clearing Corporation, or TCC, and the transaction is
expected to close in the first quarter of 2009. TCC will be the
clearing service provider for our CDS clearing house, known as
ICE US Trust, or ICE Trust. ICE Trust is a limited purpose New
York trust regulated by the New York State Banking Department.
ICE Trust plans to commence clearing in the first quarter of
2009. Today, we employ over 790 professionals across the
United States, Europe and Asia.


 




History


 



In May 2000, IntercontinentalExchange was established, with our
founding shareholders representing some of the world’s
largest energy companies and global banks. Our mission was to
transform OTC energy markets by providing an open, accessible,
around-the-clock
electronic energy marketplace to a previously fragmented and
opaque market. We offered the energy community greater price
transparency, efficiency, liquidity and lower costs than manual
trading, such as voice or floor markets. Working together with
participants in the energy markets, we developed the leading
electronic marketplace for energy commodities, along with the
leading electronic trade confirmation platform.


 



In June 2001, we expanded our business into the futures markets
by acquiring the IPE, now ICE Futures Europe. Europe’s
leading regulated energy futures exchange, ICE Futures
Europe’s markets today account for approximately 50% of the
world’s crude oil and refined futures traded each day. In
April 2005, ICE Futures Europe became the first fully electronic
energy exchange.





3





Table of Contents






ICE Data was launched in 2002 to meet the demand for increased
market data in the OTC energy markets, and is today one of the
leading providers of futures and OTC data globally. Since 2003,
we have partnered with the Chicago Climate Exchange, or CCX, to
host its OTC emissions markets, and today we offer the leading
European emissions futures contracts in conjunction with the
European Climate Exchange, or ECX.


 



In November 2005, we completed our initial public offering on
the New York Stock Exchange under the ticker symbol
“ICE” and have since become a member of the Russell
1000 and the S&P 500 indexes. In January 2007, we acquired
NYBOT, now known as ICE Futures U.S. Today, ICE Futures
U.S.’s futures contracts for soft agricultural commodities
such as sugar and coffee are listed in our electronic markets.
In June 2007, we entered into an exclusive licensing agreement
with the Frank Russell Company to list the U.S. Russell
Index futures complex. Also in 2007, we acquired the exclusive
right to key natural gas indexes, including the NGI and NGX
indexes.


 



In July 2007, we acquired and integrated ChemConnect’s OTC
natural gas liquids and chemicals markets. In August 2007, we
acquired the Winnipeg Commodity Exchange, the leading canola
market in the world, now known as ICE Futures Canada. In October
2007, we acquired Chatham Energy, or Chatham, a leading OTC
energy options broker, and in February 2008, we acquired
YellowJacket Software, Inc., or YellowJacket, a leading
peer-to-peer
negotiation platform for the OTC options markets.


 



In August 2008, we completed our acquisition of Creditex, a
leading interdealer market for the execution and processing of
credit derivatives. In October 2008, we announced plans to
acquire The Clearing Corporation, or TCC, and the transaction is
expected to close in the first quarter of 2009. TCC will be the
clearing service provider for our CDS clearing house, known as
ICE US Trust, or ICE Trust. ICE Trust is a limited purpose New
York trust regulated by the New York State Banking Department.
ICE Trust plans to commence clearing in the first quarter of
2009. Today, we employ over 790 professionals across the
United States, Europe and Asia.


 




History


 



In May 2000, IntercontinentalExchange was established, with our
founding shareholders representing some of the world’s
largest energy companies and global banks. Our mission was to
transform OTC energy markets by providing an open, accessible,
around-the-clock
electronic energy marketplace to a previously fragmented and
opaque market. We offered the energy community greater price
transparency, efficiency, liquidity and lower costs than manual
trading, such as voice or floor markets. Working together with
participants in the energy markets, we developed the leading
electronic marketplace for energy commodities, along with the
leading electronic trade confirmation platform.


 



In June 2001, we expanded our business into the futures markets
by acquiring the IPE, now ICE Futures Europe. Europe’s
leading regulated energy futures exchange, ICE Futures
Europe’s markets today account for approximately 50% of the
world’s crude oil and refined futures traded each day. In
April 2005, ICE Futures Europe became the first fully electronic
energy exchange.





3





Table of Contents






ICE Data was launched in 2002 to meet the demand for increased
market data in the OTC energy markets, and is today one of the
leading providers of futures and OTC data globally. Since 2003,
we have partnered with the Chicago Climate Exchange, or CCX, to
host its OTC emissions markets, and today we offer the leading
European emissions futures contracts in conjunction with the
European Climate Exchange, or ECX.


 



In November 2005, we completed our initial public offering on
the New York Stock Exchange under the ticker symbol
“ICE” and have since become a member of the Russell
1000 and the S&P 500 indexes. In January 2007, we acquired
NYBOT, now known as ICE Futures U.S. Today, ICE Futures
U.S.’s futures contracts for soft agricultural commodities
such as sugar and coffee are listed in our electronic markets.
In June 2007, we entered into an exclusive licensing agreement
with the Frank Russell Company to list the U.S. Russell
Index futures complex. Also in 2007, we acquired the exclusive
right to key natural gas indexes, including the NGI and NGX
indexes.


 



In July 2007, we acquired and integrated ChemConnect’s OTC
natural gas liquids and chemicals markets. In August 2007, we
acquired the Winnipeg Commodity Exchange, the leading canola
market in the world, now known as ICE Futures Canada. In October
2007, we acquired Chatham Energy, or Chatham, a leading OTC
energy options broker, and in February 2008, we acquired
YellowJacket Software, Inc., or YellowJacket, a leading
peer-to-peer
negotiation platform for the OTC options markets.


 



In August 2008, we completed our acquisition of Creditex, a
leading interdealer market for the execution and processing of
credit derivatives. In October 2008, we announced plans to
acquire The Clearing Corporation, or TCC, and the transaction is
expected to close in the first quarter of 2009. TCC will be the
clearing service provider for our CDS clearing house, known as
ICE US Trust, or ICE Trust. ICE Trust is a limited purpose New
York trust regulated by the New York State Banking Department.
ICE Trust plans to commence clearing in the first quarter of
2009. Today, we employ over 790 professionals across the
United States, Europe and Asia.


 




This excerpt taken from the ICE 10-K filed Mar 10, 2006.
Our History
 
Our company was formed in May 2000 with the goal of developing a platform to provide a more transparent and efficient market structure for OTC energy commodities trading. Our predecessor company, Continental Power Exchange, Inc., which was wholly owned by Jeffrey C. Sprecher — our CEO, contributed to us all of its assets in May 2000, which consisted principally of electronic trading technology, and its liabilities, in return for a minority equity interest in our company. In June 2001, we expanded our business into futures trading by acquiring IPE Holdings Plc, the owner of ICE Futures (formerly known as the International Petroleum Exchange), which, at the time, was operated predominantly as a floor-based, open-outcry exchange. The International Petroleum Exchange had been seeking to expand its electronic trading capabilities since the late 1990s following the emergence of the industry trend toward electronic trade execution. At the time, we were seeking to expand our product offerings and to gain access to clearing and settlement services. Based on the complementary nature of our businesses, we acquired the International Petroleum Exchange to develop a leading platform for energy commodities trading that would offer liquidity in both the futures and OTC markets. The International Petroleum Exchange, as a regulated futures exchange, had both established liquidity and an established brand in global energy markets. Prior to our acquisition of the International Petroleum Exchange, we offered trading only in OTC markets.
 
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