31:
254:
passed and deregulation in the electric industry began. Those working in the "electric industry realized the need for real-time, continentwide transactions", made possible by "Continental Power
Exchange" technologies whereby "individual businesses and consumers may one day be able to select an energy
438:
said in a statement that the nearly 30 transactions involving the couple were “in compliance” with company policies. “Mr. Sprecher and
Senator Loeffler have made clear that those transactions were executed by their financial advisors without Mr. Sprecher’s or Senator Loeffler’s input or direction.”
446:
ended its investigation into Sen. Kelly
Loeffler's stock trades. The news came three weeks after Sen. Loeffler's office said the Justice Department had also dropped its probe into her stock trades. Deborah Sue Mayer, the Ethics Committee's chief counsel and staff director, wrote in the letter that
273:
In the 1990s energy trading was handled manually by "Continental Power
Exchange, an electronic energy trading company. By 1997 Continental Power Exchange CPEX had "a federated software structure in place, CPEX... ready to expand to more servers as growth demands. CPEX's hardware and server
368:, “a pioneering marketplace in digital currency futures.” In January 2021, the company announced that “Bakkt’s being absorbed into a special purpose acquisition company (SPAC) sponsored by Chicago investment fund Victory Park Capital.” Sprecher was quoted in
284:
to be a client, Enron started its own competing electricity trading platform, which dominated the market. Enron's market model was to buy from every seller and sell to every buyer. Wall Street bankers, particularly
1103:
392:. The sales began the same day Loeffler and other senators received a private briefing from federal officials about the looming crisis. The documents also showed that the couple purchased stock in
730:
561:
274:
architecture capable of supporting foreseeable changes that may be necessary when the client load arrives. Continental to stay at least one step ahead of the marketplace."
466:
in a $ 10,500,000, 15,000 square foot estate named
Descante, though the property was later reappraised for around $ 4 million, resulting in far lower property taxes.
697:"9 Fun Facts About the NYSE's New Boss: The newest big shot in the New York financial world is a guy from Atlanta who studied chemical engineering and loves go-cart"
408:. At least some of the stocks that Loeffler sold were owned jointly with Sprecher and would have required his knowledge and authorization to sell, documents show.
583:
769:
665:
696:
914:
875:
625:
247:, where he met William Prentice who was developing power plants following deregulation. Prentice offered him a job at Western Power Group in 1983.
890:
851:
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1128:
1123:
929:
384:
On March 19, 2020, the public release of federal financial-disclosure documents revealed that
Sprecher and his wife, interim U.S. Senator
211:, the son of insurance broker Peter Sprecher and medical technologist Phyllis (née Willingham). His sisters are the filmmakers Karen and
954:
799:
447:
the panel examined stock transactions made by both
Loeffler and her husband Jeffrey Sprecher, chairman of the New York Stock Exchange.
1113:
527:
1108:
745:
420:
293:
backed him and he launched ICE in 2000 (giving 80 percent control to the two banks who, in turn spread out the control among
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that “the lofty costs of processing payments by credit card one of the prime targets for disruption in financial services.
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224:
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Sprecher started
Intercontinental Exchange (ICE) in 2000 as an online marketplace for energy trading in Atlanta.
73:
1040:
547:
352:
629:
435:
267:
251:
192:
98:
1018:
473:, Sprecher and his wife donated $ 1 million to the Phoebe Foundation's COVID-19 Relief Fund of the
980:
770:"Bakkt wants to put your rewards, points, Bitcoin, and even stocks all in one new digital wallet"
322:
196:
188:
103:
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1003:
750:
232:
82:
1083:
463:
456:
427:, requesting from the latter a criminal investigation of the couple for violations of the
8:
891:"Sen. Loeffler, NYSE owner CEO husband defend stock sales after her coronavirus briefing"
852:"Sen. Loeffler, NYSE owner CEO husband defend stock sales after her coronavirus briefing"
220:
77:
819:"Senator Richard Burr Sold a Fortune in Stocks as G.O.P. Played Down Coronavirus Threat"
401:
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61:
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provider in the same way that individuals shop for long-distance telephone service."
755:
346:
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142:
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sold millions of dollars of stock the couple owned in companies vulnerable to the
343:
In
November 2013, ICE announced its acquisition of Singapore Mercantile Exchange
459:
434:
On March 20, 2020, also reported by CNBC in the same article referenced above,
393:
385:
290:
115:
562:"Doug Moe: No more anonymity for Jeff Sprecher after NYSE purchase : Wsj"
1077:
830:
507:
337:
306:
286:
212:
412:
312:
Since then the company has expanded including the following acquisitions:
1064:
800:"Sen. Kelly Loeffler Dumped Millions in Stock After Coronavirus Briefing"
397:
223:. Sprecher received a bachelor's degree in chemical engineering from the
184:
532:
298:
600:
443:
428:
266:
for $ 1 plus the assumption of debt, which became the foundation for
798:
Markay, Lachlan; Bredderman, William; Brodey, Sam (March 20, 2020).
981:"ICE communications head Kelly Loeffler to step down at year's end"
731:"Doug Moe: No more anonymity for Jeff Sprecher after NYSE purchase"
183:, born February 23, 1955) is an American businessman, the founder,
30:
477:
for personal protective equipment for Phoebe care team members.
396:, a company that would potentially benefit from the increase in
1068:
930:"Senate Ethics Committee drops probe of Loeffler stock trades"
1104:
University of
Wisconsin–Madison College of Engineering alumni
373:
365:
281:
244:
528:"Anna Plank Obituary (2007) - Ocala, FL - Ocala Star-Banner"
584:"Jeffrey Sprecher's Improbable Path to Buying the N.Y.S.E."
376:. . . could play a central role in wrestling down costs.”
163:
157:
415:
filed complaints against Sprecher and Loeffler with the
379:
797:
219:, and was initiated to the Wisconsin Alpha Chapter of
601:"IntercontinentalExchange, Inc. - Board of Directors"
176:
160:
148:
145:
722:
258:
In 1996 he bought the Continental Power Exchange in
166:
154:
151:
305:). When Enron's exchange collapsed in 2001 in the
1041:"Phoebe Foundation Receives $ 1 Million Donation"
1075:
663:
746:"For the New York Stock Exchange, a sell order"
619:
617:
411:On March 20, 2020, the consumer advocacy group
709:
817:Lipton, Eric; Fandos, Nicholas (2020-03-19).
694:
626:"ICE's Jeffrey Sprecher: The Sultan of Swaps"
1001:
913:: CS1 maint: multiple names: authors list (
874:: CS1 maint: multiple names: authors list (
816:
623:
614:
496:"FILM; Quiet, Unassuming: Like Their Movies"
442:On June 16, 2020, it was reported that the
710:D. Heise; D Tuck (August–September 1997).
690:
688:
686:
659:
657:
655:
653:
651:
649:
647:
364:In 2018, Intercontinental Exchange formed
29:
628:. Bloomberg Business Week. Archived from
889:Franck, Dan Mangan,Thomas (2020-03-20).
850:Franck, Dan Mangan,Thomas (2020-03-20).
743:
728:
793:
791:
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1099:Businesspeople from Madison, Wisconsin
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1002:Lichtenstein, Jesse (March 29, 2013).
952:
927:
888:
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581:
1016:
1010:
978:
767:
744:Rothwell, Steve (December 20, 2012),
664:Nathaniel Popper (January 19, 2013).
582:Popper, Nathaniel (19 January 2013).
421:United States Senate Ethics Committee
280:Shortly after the company approached
225:University of Wisconsin–Madison
1129:21st-century American businesspeople
1124:20th-century American businesspeople
786:
737:
455:Sprecher has been married to former
380:Stock sales during COVID-19 pandemic
695:Miranda Green (December 20, 2012).
264:MidAmerican Energy Holdings Company
13:
972:
955:"Buying the N.Y.S.E., in One Shot"
953:Popper, Nathaniel (Jan 19, 2013).
806:– via www.thedailybeast.com.
666:"Buying the N.Y.S.E., in One Shot"
417:Securities and Exchange Commission
217:James Madison Memorial High School
14:
1145:
1058:
979:Meyer, Gregory (March 27, 2018).
229:Master of Business Administration
450:
425:United States Justice Department
331:The Clearing Corporation in 2009
317:International Petroleum Exchange
141:
16:American businessman (born 1955)
1033:
1017:Hirsh, Ben (October 24, 2014).
995:
946:
928:Levine, Marianne (2020-06-16).
921:
882:
843:
810:
761:
703:
124:
74:University of Wisconsin-Madison
1114:New York Stock Exchange people
624:Chad Terhune (July 29, 2010).
593:
575:
564:. Host.madison.com. 2013-01-06
554:
540:
520:
487:
1:
494:Rochlin, Margy (2002-05-19).
480:
202:
1109:Pepperdine University alumni
729:doug_moe (January 6, 2013).
716:Distributed Object Computing
353:Interactive Data Corporation
243:Sprecher's first job was at
7:
1134:Sigma Alpha Epsilon members
1094:Businesspeople from Atlanta
768:Tully, Shawn (2021-01-27).
475:Phoebe Putney Health System
462:since 2004. They reside in
309:, ICE's business exploded.
10:
1150:
733:. Wisconsin State Journal.
712:Continental Power Exchange
1119:Intercontinental Exchange
718:(Report). pp. 30–36.
548:"The Alpha Phi Quarterly"
436:Intercontinental Exchange
268:Intercontinental Exchange
252:Energy Policy Act of 1992
238:
193:Intercontinental Exchange
109:
99:Intercontinental Exchange
93:
69:
40:
28:
21:
1019:"Buckhead Man Buys NYSE"
968:– via NYTimes.com.
359:
334:Climate Exchange in 2010
215:. He attended Madison's
444:Senate Ethics Committee
404:issued to mitigate the
323:New York Board of Trade
197:New York Stock Exchange
104:New York Stock Exchange
195:, and chairman of the
137:Jeffrey Craig Sprecher
45:Jeffrey Craig Sprecher
751:San Jose Mercury News
233:Pepperdine University
207:Sprecher was born in
83:Pepperdine University
464:Tuxedo Park, Atlanta
402:stay-at-home orders
221:Sigma Alpha Epsilon
959:The New York Times
823:The New York Times
699:. The Daily Beast.
587:The New York Times
500:The New York Times
209:Madison, Wisconsin
97:Chairman and CEO,
62:Madison, Wisconsin
632:on August 6, 2010
471:COVID-19 pandemic
406:COVID-19 pandemic
390:COVID-19 pandemic
303:British Petroleum
134:
133:
55:February 23, 1955
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756:Associated Press
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347:SuperDerivatives
328:Creditex in 2008
179:
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128:
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58:
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35:Sprecher in 2020
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23:Jeffrey Sprecher
19:
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1004:"Market Movers"
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804:The Daily Beast
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603:. Ir.theice.com
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127: 2004)
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70:Alma mater
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1059:External links
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1021:. buckhead.com
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670:New York Times
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553:
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485:
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460:Kelly Loeffler
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394:Citrix Systems
386:Kelly Loeffler
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291:Morgan Stanley
240:
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227:in 1978 and a
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116:Kelly Loeffler
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1089:Living people
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451:Personal life
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338:NYSE Euronext
336:
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321:
318:
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314:
313:
310:
308:
307:Enron scandal
304:
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296:
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287:Goldman Sachs
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269:
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256:
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213:Jill Sprecher
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94:Occupation(s)
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57:(age 69)
43:
39:
32:
27:
20:
1044:. Retrieved
1035:
1023:. Retrieved
1012:
997:
987:November 27,
985:. Retrieved
983:. Amp.ft.com
974:
962:. Retrieved
958:
948:
937:. Retrieved
933:
923:
898:. Retrieved
894:
884:
859:. Retrieved
855:
845:
834:. Retrieved
822:
812:
803:
777:. Retrieved
773:
763:
749:
739:
724:
715:
705:
675:February 15,
673:. Retrieved
669:
636:February 15,
634:. Retrieved
630:the original
605:. Retrieved
595:
586:
577:
566:. Retrieved
556:
542:
531:
522:
511:. Retrieved
499:
489:
468:
457:U.S. senator
454:
441:
433:
413:Common Cause
410:
383:
369:
363:
311:
279:
276:
272:
257:
249:
242:
206:
136:
135:
1084:1955 births
1065:Appearances
1046:13 November
1025:December 1,
469:During the
400:due to the
398:remote work
1078:Categories
939:2020-01-06
900:2020-01-06
861:2020-04-02
836:2020-04-02
779:2020-02-22
607:2013-01-20
568:2013-01-20
533:Legacy.com
513:2022-01-11
481:References
423:, and the
203:Early life
102:Chairman,
51:1955-02-23
831:0362-4331
508:0362-4331
429:STOCK Act
235:in 1984.
934:Politico
909:cite web
870:cite web
185:chairman
964:Nov 29,
774:FORTUNE
550:. 1957.
370:Fortune
355:in 2015
349:in 2014
340:in 2013
325:in 2006
319:in 2001
270:(ICE).
260:Atlanta
129:
121:
1069:C-SPAN
829:
506:
419:, the
301:, and
239:Career
187:, and
110:Spouse
64:, U.S.
374:Bakkt
366:Bakkt
360:Bakkt
299:Total
295:Shell
282:Enron
262:from
245:Trane
231:from
178:SPREK
123:(
119:
1048:2020
1027:2019
989:2019
966:2019
915:link
895:CNBC
876:link
856:CNBC
827:ISSN
677:2013
638:2013
504:ISSN
289:and
250:The
41:Born
1067:on
191:of
189:CEO
180:-ər
87:MBA
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