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Intercontinental Exchange has had a policy to grow through the acquisition of other exchanges, a number of these have been successful while others have failed due to concerns by regulators or others that the new company would have created a monopoly situation. The major acquisition and attempted acquisitions have included:
The company announced that it has signed a definitive agreement to acquire the Singapore Mercantile Exchange. The IntercontinentalExchange to Acquire Singapore Mercantile Exchange
Bakkt was founded, and is 55% owned, by Intercontinental Exchange (ICE), which also owns the New York Stock Exchange. [3] [4] Bakkt earns revenue from commissions for payments and purchases and sales of cryptocurrency. [5]
In 2010 the company announced the completion of its acquisition by two private equity firms, Warburg Pincus and Silver Lake Partners. [11] In 2015, Intercontinental Exchange announced the acquisition of Interactive Data Corporation from Warburg Pincus and Silver Lake Partners. [1] [2]
Intercontinental Exchange (ICE) is poised to grow, attributable to higher interest rate business, growth across financial futures and options complex, and adoption of digital workflow tools.
But Jeff Sprecher, founder and CEO of commodities and securities trading colossus Intercontinental Exchange (market cap: $64 billion), just made the biggest acquisition in his enterprise’s 23 ...
In 2018, Intercontinental Exchange formed Bakkt, “a pioneering marketplace in digital currency futures.”In January 2021, the company announced that “Bakkt’s being absorbed into a special purpose acquisition company (SPAC) sponsored by Chicago investment fund Victory Park Capital.”
Intercontinental Exchange (ICE) stands to gain from strength in the pricing and analytics business, accelerated digitization and a compelling portfolio.