ICE futures
| ICE Futures Europe
|
|
|---|---|
 |
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| legal form | Subsidiary of the Intercontinental Exchange |
| founding | 1980 |
| Seat | London , UK |
| management | Jeffrey C. Spokesman (CEO) |
| Number of employees | 78 (2004) |
| Branch | Exchanges |
| Website | www.theice.com |
The ICE Futures (formerly "International Petroleum Exchange," IPE) based in London is the largest futures exchange for options and futures on crude oil, natural gas and electricity in Europe. The exchange is a trading platform for Europe's leading oil type Brent .
history
The “International Petroleum Exchange” (IPE) was founded as a non-profit organization in 1980 by 28 companies in order to create a platform for trading in energy sources.
In the 1970s there were numerous problems caused by enormous price fluctuations in the energy market . In order to make the prices more predictable, the IPE was founded. This involved a redistribution of risks from the providers to the companies that request these services. The exchange also monitors the contracts concluded for compliance.
In April 2000 the IPE got a holding structure . The aim was to make the new company independent from the providers. Intervention by the IPE in favor of the participating companies should be excluded.
On June 18, 2001, IPE Holdings Plc became the property of the Intercontinental Exchange (ICE), a US exchange that mainly trades in electrical energy, crude oil, natural gas and emissions of sulfur oxides (SO x ) and nitrogen oxides (NO x ) operates.
On April 7, 2005, all commodity futures were transferred to an electronic trading platform. The renaming of the “International Petroleum Exchange” to “ICE Futures” came into effect on October 26, 2005.
In April 2010 ICE acquired the Climate Exchange plc and with it, among other things, the European Climate Exchange , the largest futures exchange for emissions trading .
Individual evidence
- ↑ Intercontinental Exchange: IPE Name Change (PDF; 170 kB), from October 26, 2005
- ^ ICE cuts staff at Chicago Climate Exchange: sources , Reuters, August 11, 2010