Full-Time
Operates global exchanges, data, and connectivity
No salary listed
Jacksonville, FL, USA
In Person
Bachelor's
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Intercontinental Exchange (ICE) operates a global network of regulated exchanges and clearinghouses, plus market data and connectivity services. Its products include real-time and historical data across equities, fixed income, and commodities, as well as trading, clearing, listings, and connectivity to its venues; it also offers mortgage technology and fixed income execution. ICE differentiates itself through an integrated ecosystem that combines multiple major exchanges, a comprehensive data suite, and specialized services under one umbrella. Its goal is to enable efficient, transparent, and trusted global markets by connecting participants, providing data, and supporting trading and clearing across many asset classes and geographies.
Company Size
10,001+
Company Stage
IPO
Headquarters
Atlanta, Georgia
Founded
2001
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Remote Work Options
401(k) Retirement Plan
Pershing Square Holdings has taken a new position in Intercontinental Exchange (ICE), a financial services and market infrastructure provider. The hedge fund has followed the company for nearly a decade before investing. ICE's exchanges segment generates nearly 70% of earnings, anchored by its energy franchise with revenues two-and-a-half times larger than its nearest competitor. The company holds approximately 90% market share in Brent crude futures. Over the past five years, the exchanges segment grew revenue 8% annually and profits 10%, with margins expanding to 75%. The firm also operates Fixed Income & Data Services and Mortgage Technology segments, generating just under 20% of earnings with 45% and 41% profit margins respectively. On 18 August 2026, ICE traded at $156.18 per share with a market capitalisation of $87.68 billion.
Jeffrey Sprecher, founder and CEO of Intercontinental Exchange, purchased a failing company from Warren Buffett's MidAmerican Energy for $1,000 in 1997, despite Buffett having invested $35 million in it. Sprecher, who had no Wall Street experience, used it to build what would become Intercontinental Exchange. Starting in 2000 with nine employees in Atlanta, Sprecher lived in a 500-square-foot studio flat and drove a used car whilst building the business. He handled menial tasks like taking out rubbish and answering phones. Today, Intercontinental Exchange has a market capitalisation of $85 billion and employs over 12,000 people. The company has owned the New York Stock Exchange for more than a decade. Sprecher's net worth now stands at $1.2 billion.
The reports come after the company told CNBC in June that its annualized revenue was well above $1 billion.
Intercontinental Exchange has agreed to acquire MarketAxess for $167 per share in cash, representing a total enterprise value of approximately $5.7 billion. The deal values MarketAxess at a 33% premium to its 29 July 2026 closing price. The acquisition combines MarketAxess's institutional fixed income trading platform, serving 2,100 clients across 90 countries, with ICE's retail bond marketplace and data infrastructure. Together, they will create an integrated fixed income ecosystem spanning execution, analytics, and settlement. ICE expects the transaction to be accretive to adjusted earnings per share in its first year. The company plans to finance the acquisition entirely with cash through newly issued debt whilst maintaining share repurchases, which will increase to $400 million quarterly. ICE anticipates $100 million in annual run-rate expense synergies within three years. The transaction, approved by both boards, is expected to close in the first half of 2027 pending regulatory approval and MarketAxess shareholder consent.
The New York Stock Exchange's parent company, Intercontinental Exchange (ICE), is promoting its Digital Trust platform to capture a share of the $184 billion crypto exchange-traded fund custody market. ICE released a white paper this week highlighting its NYDFS-regulated custody business, which features offline cold storage, multi-step approvals, and manual transaction reviews. ICE acquired the digital asset custody business in May 2025. The company positions custody as a strategic pillar of the digital asset economy, as every spot Bitcoin or Ethereum ETF requires a qualified custodian to hold underlying assets securely. The crypto custody industry is projected to grow from approximately $3.7 billion in 2026 to $7.7 billion by 2032. The push comes as Morgan Stanley announced Ethereum and Solana ETF launches on NYSE Arca this week.