", "IntercontinentalExchange, Inc. - Board of Directors", "ICE's Jeffrey Sprecher: The Sultan of Swaps", "9 Fun Facts About the NYSE's New Boss: The newest big shot in the New York financial world is a guy from Atlanta who studied chemical engineering and loves go-cart", "Doug Moe: No more anonymity for Jeff Sprecher after NYSE purchase", "For the New York Stock Exchange, a sell order", "Sen. Kelly Loeffler Dumped Millions in Stock After Coronavirus Briefing", "Senator Richard Burr Sold a Fortune in Stocks as G.O.P. Before acquiring CPEX, Sprecher held a number of positions, primarily in the power industry. Moreover, The Energy Policy Act of 1992 passed and deregulation in the electric industry started. Played Down Coronavirus Threat", "Sen. Loeffler, NYSE owner CEO husband defend stock sales after her coronavirus briefing", "ICE communications head Kelly Loeffler to step down at year's end", https://en.wikipedia.org/w/index.php?title=Jeffrey_Sprecher&oldid=980932979, Creative Commons Attribution-ShareAlike License, In November 2013, ICE announced its acquisition of Singapore Mercantile Exchange, This page was last edited on 29 September 2020, at 09:34. CPEX's hardware and server architecture [were] capable of supporting foreseeable changes that may be necessary when the client load arrives. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. He spearheaded the assembly of 13 leading wholesale commodity market participants that became the company's initial shareholders, acquiring equity interests and the commitment to provide order flow to provide liquidity for the new electronic marketplace. [17], InterContinental Exchange acquired the Chicago Climate Exchange in 2010 for $600 million. At the point when Enron's trade fallen in 2001 in the Enron embarrassment, ICE's business exploded.
"microcaps". Jeffrey Craig Sprecher (born February 23, 1955) is an American businessman, and the founder, chairman, and CEO of Intercontinental Exchange, and chairman of the New York Stock Exchange. [8], Shortly after the company approached Enron to be a client, Enron started its own competing electricity trading platform, which dominated the market. Futures contracts are the oldest way of investing in commodities. [10][11], On March 20, 2020, the consumer advocacy group Common Cause filed complaints against Sprecher and Loeffler with the Securities and Exchange Commission, the Senate Ethics Committee, and the United States Justice Department, requesting from the latter a criminal investigation of the couple for violations of the STOCK Act. Not long after the organization drew closer Enron to be a customer, Enron began its own contending power exchanging stage, which ruled the market.
"Doug Moe: No more anonymity for Jeff Sprecher after NYSE purchase, "Jeffrey Sprecher's Improbable Path to Buying the N.Y.S.E. One of the events that stands out in Sprecher's career at ICE was a David-and-Goliath move in which ICE challenged the futures market giant Chicago Mercantile Exchange in its bid to acquire the Chicago Board of Trade. Nasdaq Scheduled Resumption in Presidio Property Trust, Inc. http://www.marketswiki.com/wiki/index.php?title=Jeffrey_C._Sprecher&oldid=193492, Intercontinental Exchange Group - Current Employees, CFTC Energy and Environmental Markets Advisory Committee Member. Further, he received a bachelor’s degree in chemical engineering from the University of Wisconsin–Madison in 1978 and a Master of Business Administration from Pepperdine University since 1984. The Stop Trading on Congressional Knowledge Act (STOCK Act) forbids individuals from Congress from utilizing nonpublic data they get as a component of their official obligations to purchase or sell securities. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978. It is headquartered in Chicago. ICE acquired NYSE Euronext in November of 2013 in a cash-and-stock deal valued at $8.2 billion. The company, Citrix, specializes in teleworking software. Her husband, Jeffrey Sprecher, is the founder and CEO of Intercontinental Exchange. Kelly Lynn Loeffler is an American politician serving as the junior United States Senator from Georgia since 2020. He formed Intercontinental Exchange in 2000, with CPEX contributing all of its assets, primarily electronic trading technology, as well as its liabilities. Euronext N.V. is the largest stock exchange in continental Europe, operating markets in Amsterdam, Brussels, London, Lisbon, Dublin, Oslo and Paris. This page was last modified on 12 February 2016, at 10:51. [3][4], Sprecher's first job was at Trane, where he met William Prentice, who was developing power plants following deregulation. The organization, Citrix, has some expertise in teleworking software. Continental [intended] to stay at least one step ahead of the marketplace. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. Financial Times View from the Top, August 8, 2008, ICE to Buy NYSE for $8.2 Billion, Ending Era of Independence, Intercontinental Exchange buys NYSE Euronext for $8 billion, Global Markets Advisory Committee Members, CFTC, Toothless Regulator, Looks to Take a Bite Out of Derivatives, Energy and Environmental Markets Advisory Committee, Separate Special Event—FIA Futures Cares Charity Dinner, Sale of Chicago Climate Exchange To ICE Reinforces Weak Carbon Market, THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 10/12/2020, THE JOHN LOTHIAN NEWS DAILY UPDATE – 10/16/2020, Invesco Launches New QQQ Innovation Suite in Partnership with Nasdaq, Keurig Dr Pepper Inc. to Join the NASDAQ-100 Index Beginning October 19, 2020, Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date September 30, 2020, Nasdaq September 2020 Volumes, 3Q20 Estimated Revenue Capture, Listings and Index Statistics. Isakson, 74, who has held the Senate seat since 2005, is retiring at the end of December due to health issues. This is most common with small cap cryptocurrencies and very small corporations, i.e. A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. ", "IntercontinentalExchange, Inc. - Board of Directors", "ICE's Jeffrey Sprecher: The Sultan of Swaps", "9 Fun Facts About the NYSE's New Boss: The newest big shot in the New York financial world is a guy from Atlanta who studied chemical engineering and loves go-cart", "Doug Moe: No more anonymity for Jeff Sprecher after NYSE purchase", "For the New York Stock Exchange, a sell order", "Sen. Kelly Loeffler Dumped Millions in Stock After Coronavirus Briefing", "Senator Richard Burr Sold a Fortune in Stocks as G.O.P. Securities market participants in the United States include corporations and governments issuing securities, persons and corporations buying and selling a security, the broker-dealers and exchanges which facilitate such trading, banks which safe keep assets, and regulators who monitor the markets' activities. CPEX's hardware and server architecture [were] capable of supporting foreseeable changes that may be necessary when the client load arrives. Early life; Career; Stock sales during COVID-19 pandemic; Personal life; References; External links; Early life. [15], A native of Wisconsin, Sprecher earned a Bachelor of Science degree in Chemical Engineering from the University of Wisconsin and an MBA from Pepperdine University. He was initiated to the Wisconsin Alpha Chapter of Sigma Alpha Epsilon. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind only the New York Stock Exchange. This page has been accessed 107,739 times. He previously served as the president of the NYSE Group, including the New York Stock Exchange. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Enron's market model was to buy from every seller and sell to every buyer. Since then the company has expanded including the following acquisitions: On March 19, 2020, the public release of federal financial-disclosure documents revealed that Sprecher and his wife, interim U.S. Guy Andrew wiki, bio, age, missing, judge, wife, body, Allegra Stratton wiki, bio, age, height, parents, baby, husband, net worth, Cappie Pondexter wiki, bio, age, husband, salary, instagram, married, height, Tory Lanez wiki, bio, age, rapper, charged, shooting, instagram, Louise Glück wiki, bio, age, poem, net worth, husband, twitter, books. Birth Place: Madison, Wisconsin, United States, Education: James Madison Memorial High School, Pepperdine University, University of Wisconsin-Madison, Organization founded: Intercontinental Exchange, Alma mater: University of Wisconsin–Madison (BS), Pepperdine University (MBA), Occupation: Chairman and CEO, Intercontinental Exchange, Chairman, New York Stock Exchange. Jeffrey Sprecher grew up in Madison, Wisconsin, and had a middle-class childhood. We visit more than 100 websites daily for financial news (Would YOU do that?). The company, Citrix, specializes in teleworking software. Senator Kelly Loeffler (R-Georgia), dumped millions of dollars of stock the couple owned in companies vulnerable to the COVID-19 pandemic.
"[7], Sprecher started Intercontinental Exchange (ICE) in 2000 as an online marketplace for energy trading in Atlanta. The deals started that day Loeffler and different representatives got private instructions from government authorities about the approaching crisis. In June 2001, Sprecher negotiated the acquisition of IPE Holdings Plc, owner of the International Petroleum Exchange (IPE), London, a way to combine ICE's electronic platform for OTC products with the exchange-traded energy derivatives market. He was started to the Wisconsin Alpha Chapter of Sigma Alpha Epsilon. [2] He received a bachelor's degree in chemical engineering from the University of Wisconsin–Madison in 1978 and a Master of Business Administration from Pepperdine University in 1984. Similarly, accordng to celebritynetworth.com, the Net Worth of Jeffrey Sprecher is $500 Million. Sprecher … Mr. Sprecher owns over 175,000 units of Intercontinental Exchange stock worth over $10,185,855 and over the last 6 years he sold ICE stock worth over $168,013,655.
We use cookies to ensure that we give you the best experience on our website. Early life Sprecher was born in Madison, Wisconsin, where he attended James Madison Memorial High School. [18]. The sales began the same day Loeffler and other senators received a private briefing from federal officials about the looming crisis.
[11][12] This high-profile news event, along with an aggressive marketing effort in the energy space and other new acquisitions, put ICE's brand in the spotlight very shortly after its inception. Wall Street bankers, particularly Goldman Sachs and Morgan Stanley, backed him and he launched ICE in 2000 (giving 80 percent control to the two banks who, in turn, spread out the control among Shell, Total, and British Petroleum).
[7], Sprecher started Intercontinental Exchange (ICE) in 2000 as an online marketplace for energy trading in Atlanta. ICE Clear Credit LLC, a Delaware limited liability company, is a Derivatives Clearing Organisation (DCO) previously known as ICE Trust US LLC which was launched in March 2009.
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