ICE to inaugurate New York trading floor

IntercontinentalExchange Inc. will open a trading center in New York's World Financial Center on April 12 to serve qualified professional traders.
APR 09, 2007
By  Bloomberg
IntercontinentalExchange Inc. will open a trading center in New York's World Financial Center on April 12 to serve qualified professional traders. The floor will provide access to ICE's electronic markets across energy, soft commodities, and eventually, foreign exchange and index products, ICE wrote in a statement. Additionally, the floor will provide access to other derivatives and securities markets so that traders can view and trade a range of markets. "We saw a unique opportunity to leverage our location in lower Manhattan and our technology to address the demand for participation in ICE's growing electronic derivatives marketplace," said chairman and chief executive, Jeffrey C. Sprecher, in the statement. The center is adjacent to the New York Board of Trade, the exchange’s futures and options exchange, which the Atlanta-based electronic exchange purchased earlier this year. (InvestmentNews, January 15)

Latest News

Blackstone taps former Lazard leader Jennifer Abate to head RIA wealth unit
Blackstone taps former Lazard leader Jennifer Abate to head RIA wealth unit

The alts giant's latest executive hire builds on its continuing strategy to expand into the private wealth space.

The 'magic number' of $1.3M for retirement: on the money, or off the mark?
The 'magic number' of $1.3M for retirement: on the money, or off the mark?

While it's a useful rule of thumb, wealth industry experts agree Social Security benefits, retirement income planning, and individual expenses should also be factored in.

Wall Street's biggest bull stands pat on S&P 7,000 call
Wall Street's biggest bull stands pat on S&P 7,000 call

The holdout optimist from Wells Fargo sees market "past peak uncertainty" as trade war fears push many cheerleaders to pare back their predictions.

2025 InvestmentNews Awards: The race is on
2025 InvestmentNews Awards: The race is on

Last year's standout winners reflect on their triumph as the wealth industry gears up for another unforgettable night in New York City.

Advisors watching for dip in fees on biggest clients: Cerulli
Advisors watching for dip in fees on biggest clients: Cerulli

Financial advisors are becoming a bit more leery that fees, particularly for their wealthiest clients, are on the verge of taking a hit.

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.