MAGELLAN - In The Know

Bought for a dollar - How ICE, the owner of the New York Stock Exchange, became a $65 billion exchange business


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The Intercontinental Exchange (or ICE) is one of the world’s largest exchange businesses – it owns the NYSE and dominates global energy exchanges.  ICE operates in over 70 countries, and has a market capitalisation of U$65 Billion.  Its remarkable growth over the last two decades is the result of founder Jeffrey Sprecher’s visionary thinking and  unwavering commitment to moving old analogue exchanges into efficient digital platforms, and creating new markets globally. It all started with a single dollar transaction in 1997.

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MAGELLAN - In The KnowBy Magellan Asset Management

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