, known as ICE
, () is an American
financial company that operates Internet-based marketplaces
which trade futures
contracts as well as derivative
financial products. While the company's original focus was energy products (crude and refined oil
, natural gas
, and emissions
), recent acquisitions have expanded its activity into the "soft" commodities (sugar
), foreign exchange
and equity index
In 2011, ICE and Nasdaq
joined forces to bid against Deutsche Borse
after the latter announced a $9.5 billion deal to merge with NYSE Euronext
. The two U.S. bidders ultimately withdrew after their bid encountered regulatory antitrust
ICE is organized into three business lines:
- ICE Markets — futures, options, and OTC markets. Energy futures are traded via ICE Futures Europe; soft commodity futures/options are handled by ICE Futures U.S.
- ICE Services — electronic trade confirmations and education.
- ICE Data — electronic delivery of market data, including real-time trades, historical prices and daily indices.
Contracts sold through ICE Futures U.S. are processed through a subsidiary
, ICE Clear U.S. (ICEUS). In May 2008, ICE launched its own Clearing House, ICE Clear, with divisions for Europe, US, Canada & Trust (ICEU), , ICE Clear Europe Circular C08/001, May 13... Read More