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Intercontinental Exchange, Inc. (ICE) is a leading global provider of technology and data services, specializing in operating regulated marketplaces and offering a range of financial and technological solutions. The company operates through three main business segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology, providing services such as trading and clearing derivatives, financial securities, pricing, reference data, and digital workflow tools for the mortgage market . ICE's diverse offerings cater to various sectors, making it a significant player in the global financial and technology landscape.
- Exchanges - Operates regulated marketplaces for trading and clearing derivatives and financial securities, while also providing related data and connectivity services.
- Fixed Income and Data Services - Offers pricing, reference data, indices, analytics, and execution services to support financial market activities.
- Mortgage Technology - Provides digital workflow tools designed for the U.S. residential mortgage market, enhancing efficiency and accuracy in mortgage processing.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jeffrey C. Sprecher ExecutiveBoard | Chair of the Board and Chief Executive Officer | None | Jeffrey C. Sprecher has been the CEO of ICE since its inception and Chair of the Board since November 2002. He has led ICE's growth into a leading global operator of exchanges and clearinghouses. | View Report → |
A. Warren Gardiner Executive | Chief Financial Officer | None | A. Warren Gardiner became CFO in May 2021, overseeing finance, accounting, and investor relations. He previously served as VP of Investor Relations. | |
Andrew J. Surdykowski Executive | General Counsel | None | Andrew J. Surdykowski has been General Counsel since October 2018, managing ICE's global legal affairs. | |
Benjamin R. Jackson Executive | President | Chair of ICE Mortgage Technology Holdings, Inc. | Benjamin R. Jackson has been President of ICE since November 2017, overseeing global technology and operations. | |
Christopher S. Edmonds Executive | President, Fixed Income & Data Services | None | Christopher S. Edmonds joined ICE in 2010 and became President of Fixed Income & Data Services in January 2024. He has held various leadership roles within ICE. | |
Douglas A. Foley Executive | Senior Vice President of Human Resources & Administration | None | Douglas A. Foley joined ICE in 2008 and has been SVP of HR & Administration since 2013, overseeing global HR and real estate functions. | |
Elizabeth K. King Executive | Global Head of Clearing and Chief Regulatory Officer | None | Elizabeth K. King joined ICE in 2014 and oversees global regulatory strategies and clearing operations. | |
Lynn C. Martin Executive | President of NYSE Group | Board of Trustees at Manhattan College; Advisory Board of the School of Science at Manhattan College; Member of Phi Beta Kappa National Honor Society | Lynn C. Martin has been President of NYSE Group since January 2022, previously leading ICE's Fixed Income & Data Services. | |
Mayur V. Kapani Executive | Chief Technology Officer | None | Mayur V. Kapani has been CTO since June 2016, leading global technology development and acquisition diligence. | |
Stuart G. Williams Executive | Chief Operating Officer | CFTC Global Markets Advisory Committee | Stuart G. Williams has been COO since July 2022, overseeing global infrastructure and customer service teams. | |
Judith A. Sprieser Board | Director | Board of Directors of Allstate Insurance Company and Newell Brands Inc.; Boards of Managers of ICE Clear Credit LLC and ICE Mortgage Services, LLC; Governing board of MERSCORP Holdings, Inc. | Judith A. Sprieser has been an Independent Director at ICE since 2004, with extensive financial expertise and business acumen. | |
Martha A. Tirinnanzi Board | Director | Founder and President of Financial Standards, Inc.; Board of Directors of The RBB Fund, Inc. and The RBB Fund Trust; Board of Directors of Community Development Trust | Martha A. Tirinnanzi has been a Director at ICE since March 2022, recognized for her audit, risk, and governance expertise. |
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Despite record energy revenues up 33% year-over-year and double-digit growth over the past 5 years , how do you plan to sustain this growth in your energy complex considering potential macroeconomic and geopolitical headwinds?
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With the announced launch of a clearing service for U.S. treasury securities and repurchase agreements in response to the new SEC rule effective in 2025 , what challenges do you foresee in entering this market, and how will you differentiate your offering from existing competitors?
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Your ICE Mortgage Technology segment experienced attrition within your data and document automation product ; could you provide more details on the reasons behind this attrition and what strategies you have in place to mitigate it?
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Given the recent acquisition of Black Knight and its integration into your ICE Mortgage Technology business , how are you addressing integration risks to ensure that the expected synergies are realized, especially in a challenging mortgage market?
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As natural gas markets become increasingly global with the rise of LNG and new benchmarks like TTF and JKM , how does ICE plan to maintain its competitive edge against other exchanges in providing risk management tools for these markets?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Principal U.S. competitor in the equity options markets and also a competitor for corporate and ETF listings in the U.S. | |
Principal U.S. competitor in the equity options markets and also a competitor for ETF listings in the U.S. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Black Knight, Inc. | 2023 | Acquired by ICE on September 5, 2023, for an aggregate value of approximately $11.8 billion, comprising 90% cash (aggregate of $10.5 billion) and 10% ICE common stock, with stockholders able to elect between cash and stock; the deal also involved divestitures—including the sale of Optimal Blue and Empower loan origination system businesses for $241 million and issuance of a $500 million promissory note—and was conditioned on regulatory approvals with the FTC. |
Recent developments and announcements about ICE.
Earnings
New Earnings (Q4 2024)
·Feb 6, 2025, 4:23 PMView full earnings summary →ICE’s Q4 2024 update shows rising rate volatility fueling its interest rate complex and Mortgage Tech poised for growth in 2025. The standout stat: Midland WTI HOU contract volumes up 200% YoY, driving market share gains, though Flagstar attrition may trim revenue ~0.5%.