Sandbox29

==Company Overview: Exchanges, Clearing Houses, Technology, Data Services==
ICE Futures Exchanges	ICE Futures Exchanges	ICE Futures Exchanges	ICE Futures Exchanges
*ICE Futures U.S., previously known as The Board of Trade of the City Of New York (NYBOT), was acquired by ICE in 2007. ICE Futures U.S. is the second largest derivatives exchange in the United States, offering futures and options on energies, agricultural commodities, precious metals, foreign exchange and equity indexes and credit. ICE Futures U.S. is a Designated Contract Market regulated by the Commodity Futures Trading Commission (CFTC). In January 2008, ICE's primary trade matching engine for all OTC and futures products migrated permanently from Atlanta to the company's Chicago data center location. The hosting facility includes expanded co-location capabilities and provides the physical space, electric power, and bandwidth necessary to accommodate continued growth in ICE's messaging traffic, trading volume and customer base. The Atlanta-based data center is the disaster recovery site for the ICE trade matching engine.
*ICE Futures Europe originated in 1981 as the International Petroleum Exchange of London (IPE). ICE purchased IPE in 2001 and renamed it ICE Futures Europe. It is the largest regulated energy futures exchange in Europe, and the second largest in the world. The exchange’s benchmark contract, the ICE Brent Crude futures contract, is relied upon to price two-thirds of the world’s physical oil, and the ICE Gas oil futures contract is the world’s largest refined petroleum product futures contract. As a result, half of the worlds crude and refined oil futures trade in the exchange's markets.
It also offers contracts on short-, medium- and long-term interest rates such as the Eurodollar and GCF Repo futures, agriculture such as softs, emissions and equity derivatives such as the FTSE and MSCI futures.
ICE Futures Europe is a Recognised Investment Exchange and regulated by the U.K. Financial Services Authority (FSA), with additional oversight by the CFTC, including position limits and enhanced reporting, for all U.S. linked contracts. ICE shut down the former IPE trading floors and switched trading over to an all electronic trading platform in 2005, making it the first fully electronic energy exchange in the world.
*ICE Futures Canada was established in 1887 as the Winnipeg Grain & Produce Exchange. It later became the Winnipeg Commodity Exchange (WCE) and was acquired by ICE in 2007. North America’s first fully electronic commodity exchange, ICE Futures Canada offers futures contracts on oil seeds and grain, including the world’s leading canola futures. It is regulated by the Manitoba Securities Commission.
*ICE Futures Singapore, formerly the Singapore Mercantile Exchange founded in 2010 by a firm led by Financial Technologies Group. ICE purchased the exchange and its clearing house SMX Clearing Corporation in November 2013 for $200 million.
The exchange was essentially shut down, revamped and renamed ICE Futures Singapore, and launched in November 2015 with five contracts in brent crude, gasoil, gold and Renminbi futures, cleared at the exchange's renamed clearinghouse ICE Clear Singapore. ICE Futures Singapore is the fifth futures exchange for ICE. 
 
*ICE Endex is an energy exchange in continental Europe, providing European natural gas and power markets. ICE acquired a majority stake of 79.12 percent in APX Endex in September 2012, taking control of the Amsterdam-based company's Dutch gas and power derivatives business. It was renamed ICE Endex and is a joint initiative with Gasunie, a European gas infrastructure company, listing more than 800 energy contracts.	 	 	
ICE Securities Exchanges	ICE Securities Exchanges	ICE Securities Exchanges	ICE Securities Exchanges
*New York Stock Exchange was purchased by ICE as part of the NYSE Euronext acquisition in November 2013 for $11 billion. The NYSE, founded in 1792, lists medium and large companies and is also known as the "Big Board." 
*NYSE MKT is the counterpart securities exchange to NYSE, designed to support younger, high-growth companies that fit into the small-cap category. The exchange, formerly known as NYSE Amex, changed its name in May 2010.
*NYSE Arca is a fully-electronic marketplace that lists more than 8,000 exchange-listed securities on NYSE and Nasdaq. 
*NYSE Bonds is a bond market, launched in April 2007, that offers traders a web-based tool, NYSE Bond Directory, which provides investors with access to pricing data on individual corporate bonds. The platform replaced the Automated Bond System platform which allowed trading in debt securities.	 	 	
NYSE Options Exchanges	NYSE Options Exchanges	NYSE Options Exchanges	NYSE Options Exchanges
*NYSE Amex Options, owned by IntercontinentalExchange Group since November 2013, is a US options exchange. It trades options on US-listed stocks, American Depositary Receipts (ADRs), broad-based, industry sector and international indexes, exchange traded funds (ETFs), and HOLDRS. In addition to conventional options, it also trades LEAPS and equity and index FLEX options. 
*NYSE Arca Options, owned by ICE since 2013, is a "hybrid market" which offers both electronic and floor executed options including stock options, index options, ETF and ETN options and FLEX and LEAP options. The exchange has floor operations in San Francisco, the location of the former Pacific Stock Exchange.	 	 	
ICE OTC Markets	ICE OTC Markets	ICE OTC Markets	ICE OTC Markets
*ICE OTC Energy is the internet-based global OTC energy market launched in 2000, and was the first major market and foundation for the company. The platform offers cleared and bilateral transactions on crude oil, natural gas, power, refined petroleum and natural gas liquids (NGL) contracts. ICE’s Henry Hub OTC natural gas swap is regulated by the CFTC as a Significant Price Discovery Contract. More than 95% of ICE's OTC energy volume is cleared.
*Creditex a credit derivatives brokerage acquired by ICE in 2008 paved the way for ICE to enter the OTC credit default swaps (CDS) market. Creditex is an interdealer broker for credit default swaps and bonds, using a hybrid model of voice and electronic execution. It was the first platform to offer electronic CDS trading. 
*ICE Swap Trade is a cleared swap execution facility offering credit default swaps indexes, single names, bilateral energy trades on natural gas, electricity and oil swaps. Participants can use the ICE Trade Vault, which is a global depository for the reporting of energy and CDS swaps.	 	 	
ICE Clearing Houses	ICE Clearing Houses	ICE Clearing Houses	ICE Clearing Houses
*ICE Clear U.S. serves the markets of ICE Futures U.S. ICE Clear U.S. is a Derivatives Clearing Organization under the Commodity Exchange Act and is regulated by the CFTC.
*ICE Clear Europe serves the futures markets of ICE Futures Europe and ICE’s OTC energy markets. In July 2009, London-based ICE Clear Europe introduced clearing for European CDS, with a separate risk pool, guaranty fund and margin accounts, as well as a dedicated risk management system and governance structure. ICE Clear Europe is a U.K. Recognised Clearing House and is regulated by the FSA. In January 2010, ICE Clear Europe received U.S. derivatives clearing organization (DCO) registration from the CFTC and was the first new European clearing house to open in more than a century.
*ICE Clear Canada serves the markets of ICE Futures Canada, which trades canola oil futures. It is regulated by the Manitoba Securities Commission.
*ICE Clear Singapore is the clearing facility for ICE Futures Singapore clearing futures contracts on FX, metals and energy.
*ICE Clear Credit formerly, ICE Trust U.S. is a U.S.-based credit default swap clearing house. In March 2009, ICE Trust became the world's first operational CDS clearing house.
*The Clearing Corporation was established in 1925 as the nation’s first independent futures clearing house. It provides the risk management framework, operational processes and clearing infrastructure for the ICE Trust and ICE Clear Europe CDS clearing houses. 
*ICE Clear Netherlands is ICE's continental European clearing house, handling trades executed on the Dutch securities exchange The Order Machine or TOM. The clearing house also has regulatory license on OTC derivatives, central counterparties and trade repositories under European Markets Infrastructure Regulation (EMIR).	 	 	
ICE's technology and services	ICE's technology and services	ICE's technology and services	ICE's technology and services
ICE technology and services
*ICE Trading Platform is the trading system for ICE futures markets and can be accessed via a direct connection, the web or mobile aps or an independent software vendor. The platform offers sub 1-millisecond round-trip transaction times on ICE futures markets and supports 
bilateral and cleared OTC markets, as well as all ICE futures and options markets. ICE has more than 21,000 concurrent connections to its platform globally each day via is WebICE browser, and independent software vendors and co-location data centers. 
*WebICE is the web-based browser for the ICE Trading Platform for customers who want to connect to ICE through the internet. 
*ICE Mobile is the mobile technology for members wishing to trade or connect to ICE via mobile devices such as iPads, iPhones, Android and Blackberry. 
*ICE Chat, a peer-to-peer trade instant message negotiation application designed to meet the informational and risk management needs of OTC traders and brokers, formerly known as YellowJacket.	 	 	
ICE Data Services	ICE Data Services	ICE Data Services	ICE Data Services
ICE Data Services
*ICE Data, which compiles and repackages trading data which includes real-time information as well as historical, end-of-day reports, market records such as all-time open interest and volume highs, plus benchmark contracts and ICE indexes. The subscription service can be accessed as a view only service, indexes to track global products, and via Superderivatives, which offers analytics tools.
*NYSE Data Services provides real-time market information such as price, transaction and order book data on all contracts traded on the NYSE's cash and derivatives markets. Data is distributed to data vendors, financial institutions and service providers. It runs on the ICE Secured Financial Transaction Infrastructure of SFTI, a network that connects to more than 120 global markets including NYSE and ICE, plus alternative trading systems, clearing and settlement facilities and market data providers. 
 
*Interactive Data which was acquired by ICE in 2015, provides financial data and analytics in two main departments: Pricing and Reference Data, which includes evaluated pricing services, which are daily opinions of value on about 2.7 million fixed income securities, international equities and other hard to value instruments, reference data on more than 10 million global financial instruments and fixed income portfolio analytics and data. 
The other main department at IDG is Trading Solutions which includes: real-time market data feeds and trading infrastructure managed services for banks, brokers asset managers, hedge funds and others. This data across many asset classes helps support low latency traders and other applications dealing with portfolio pricing, risk and compliance. It also offers web applications and workstations providing market data, analytics and tools for traders. 
*Superderivatives which was acquired by ICE in October 2014, provides cloud-based market data and derivatives trading analytics on financial and commodity markets. The company offers live market data in real-time or as an end-of-day set of market rates. Its valuation services run on a technology platform so users can do full pricing analysis. 
*ICE Clear, which provides risk management, capital efficiency and maximum financial safeguards to participants in ICE's futures and OTC markets. The clearing platform supports all aspects of trade registration and contract settlement, while guaranteeing traded contracts registered for clearing. In addition to clearing contracts that are executed on the ICE platform, ICE accepts automated submission of off-exchange trades for clearing.
*Trayport was acquired by ICE in December 2015, and provides electronic and hybrid trade execution services to the European OTC energy markets on power, natural gas and coal. 
*ICE eConfirm, which provides a fast, accurate and legally binding alternative to manual, paper confirmations that confirms trades within seconds or minutes.
*ICE Chat, a peer-to-peer trade instant message negotiation application designed to meet the informational and risk management needs of OTC traders and brokers, formerly known as YellowJacket.
*'Trade Vault is a swap data and trade repository for energy and commodity markets. It connects institutions, clearing houses, exchanges, middleware platforms and electronic trade confirmation services which includes eConfirm, for reporting obligations in North America, Europe and Asia. It also distributes real-time trade and historical data in its data warehouse and reporting platform. It is registered under CFTC's Dodd-Frank and EMIR, the Eastern Canadian Provincial Rules and Policies, and ACER's REMIT as a Registered Reporting Mechanism (RRM).
*ICE Link is a post-trade application for credit default swaps, providing industry participants with electronic post-trade affirmation and connections to real-time clearing. It is used in credit default swaps markets by more than 800 buy-side institutions, 26 sell-side dealers and 12 prime brokers.
*ICE Benchmark Administration or IBA is the administrator of three key global benchmarks: ICE LIBOR, or London Interbank Offered Rate, (formerly the BBA LIBOR), ICE Swap Rate and LBMA Gold Price. 
In February 2014, ICE was authorized by the FCA in London to oversee the LIBOR benchmark. 
In July 2014 ICE took over the administration of the ISDAFIX benchmark, a key rate for the pricing and settlement of swaps which is now called the ICE Swap Rate.
And in March 2015, ICE was given authority to oversee the Gold Price, previously known as the London Bullion Market Association Gold Fixing Price, established in 1919.	 	 	
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==Company Overview ==
The company has four main divisions: Market Services, Listing Services, Technology Solutions and Information Services. 
{| class="wikitable collapsible collapsed" valign="text-top" style="text-align:left; width:100%; vertical-align:text-top; padding:5px; margin:0 0 1px 0; border:none;"
! colspan="4" style="text-align:left; background-color:#EEE; font-size:14px; border:none; padding:5px;"| Nasdaq Market Services
|-style="text-align:left; vertical-align:text-top; font-size:12px; line-height:14px; border-bottom:1px solid #CCC; border-top:1px solid #999;"
|-style="text-align:left; background-color:#FFF; vertical-align:text-top; font-size:12px; line-height:14px; border-bottom:1px solid #999;"|style="padding:5px; border:none;"|*Market Services includes Nasdaq's equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading and clearing, or FICC, and access and broker services business.|}
{| class="wikitable collapsible collapsed" align="left" valign="text-top" style="text-align:left; width:100%; vertical-align:text-top; padding:5px; margin:0 0 1px 0; border:none;"
! colspan="4" style="text-align:left; background-color:#EEE; font-size:14px; border:none; padding:5px;"| Nasdaq Listing Services
|-style="text-align:left; vertical-align:text-top; font-size:12px; line-height:14px; border-bottom:1px solid #CCC; border-top:1px solid #999;"
|-style="text-align:left; background-color:#FFF; vertical-align:text-top; font-size:12px; line-height:14px; border-bottom:1px solid #999;"
|style="padding:5px; border:none;"|}
ICE Data Services	ICE Data Services	ICE Data Services	ICE Data Services
ICE Data Services
*ICE Data, which compiles and repackages trading data which includes real-time information as well as historical, end-of-day reports, market records such as all-time open interest and volume highs, plus benchmark contracts and ICE indexes. The subscription service can be accessed as a view only service, indexes to track global products, and via Superderivatives, which offers analytics tools.
*NYSE Data Services provides real-time market information such as price, transaction and order book data on all contracts traded on the NYSE's cash and derivatives markets. Data is distributed to data vendors, financial institutions and service providers. It runs on the ICE Secured Financial Transaction Infrastructure of SFTI, a network that connects to more than 120 global markets including NYSE and ICE, plus alternative trading systems, clearing and settlement facilities and market data providers. 
 
*Interactive Data which was acquired by ICE in 2015, provides financial data and analytics in two main departments: Pricing and Reference Data, which includes evaluated pricing services, which are daily opinions of value on about 2.7 million fixed income securities, international equities and other hard to value instruments, reference data on more than 10 million global financial instruments and fixed income portfolio analytics and data. 
The other main department at IDG is Trading Solutions which includes: real-time market data feeds and trading infrastructure managed services for banks, brokers asset managers, hedge funds and others. This data across many asset classes helps support low latency traders and other applications dealing with portfolio pricing, risk and compliance. It also offers web applications and workstations providing market data, analytics and tools for traders. 
*Superderivatives which was acquired by ICE in October 2014, provides cloud-based market data and derivatives trading analytics on financial and commodity markets. The company offers live market data in real-time or as an end-of-day set of market rates. Its valuation services run on a technology platform so users can do full pricing analysis. 
*ICE Clear, which provides risk management, capital efficiency and maximum financial safeguards to participants in ICE's futures and OTC markets. The clearing platform supports all aspects of trade registration and contract settlement, while guaranteeing traded contracts registered for clearing. In addition to clearing contracts that are executed on the ICE platform, ICE accepts automated submission of off-exchange trades for clearing.
*Trayport was acquired by ICE in December 2015, and provides electronic and hybrid trade execution services to the European OTC energy markets on power, natural gas and coal. 
*ICE eConfirm, which provides a fast, accurate and legally binding alternative to manual, paper confirmations that confirms trades within seconds or minutes.
*ICE Chat, a peer-to-peer trade instant message negotiation application designed to meet the informational and risk management needs of OTC traders and brokers, formerly known as YellowJacket.
*'Trade Vault is a swap data and trade repository for energy and commodity markets. It connects institutions, clearing houses, exchanges, middleware platforms and electronic trade confirmation services which includes eConfirm, for reporting obligations in North America, Europe and Asia. It also distributes real-time trade and historical data in its data warehouse and reporting platform. It is registered under CFTC's Dodd-Frank and EMIR, the Eastern Canadian Provincial Rules and Policies, and ACER's REMIT as a Registered Reporting Mechanism (RRM).
*ICE Link is a post-trade application for credit default swaps, providing industry participants with electronic post-trade affirmation and connections to real-time clearing. It is used in credit default swaps markets by more than 800 buy-side institutions, 26 sell-side dealers and 12 prime brokers.
*ICE Benchmark Administration or IBA is the administrator of three key global benchmarks: ICE LIBOR, or London Interbank Offered Rate, (formerly the BBA LIBOR), ICE Swap Rate and LBMA Gold Price. 
In February 2014, ICE was authorized by the FCA in London to oversee the LIBOR benchmark. 
In July 2014 ICE took over the administration of the ISDAFIX benchmark, a key rate for the pricing and settlement of swaps which is now called the ICE Swap Rate.
And in March 2015, ICE was given authority to oversee the Gold Price, previously known as the London Bullion Market Association Gold Fixing Price, established in 1919.	 	 	
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== References ==