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Jeffrey Sprecher was a power plant developer who spotted a need for a seamless market in natural gas used to fuel power stations. [2] In the late 1990s, Sprecher acquired Continental Power Exchange, Inc. with the objective of developing an Internet-based platform to provide a more transparent and efficient market structure for over-the-counter energy commodity trading.
On December 20, 2012, the boards of directors of both Intercontinental Exchange (ICE) and the NYSE Euronext approved an $8 billion acquisition of NYSE Euronext. Under the terms shareholders of NYSE would receive either $33.12 in cash for each share or .2581 IntercontinentalExchange Inc. shares, or a combination of $11.27 in cash per share plus ...
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.”
Fresh off its absorption of bourse operator NYSE Euronext, IntercontinentalExchange is preparing to swallow another marketplace. The company announced that it has signed a definitive agreement to ...
Shares of Intercontinental Exchange (NYSE: ICE) rallied Thursday, up 4.5% as of 11:10 a.m. ET. The company reported earnings today, showing off its resiliency with solid growth and an earnings ...
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]
Cooper Investors recently released its Q3 2020 Investor Letter, a copy of which you can download here. During the third quarter of 2020, the fund returned 9.18%, while the benchmark MSCI ACWI was ...