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Jeffrey Sprecher
In 1997, California power plant developer Jeffrey Sprecher bought Atlanta-based Continental Power Exchange, which he envisioned as an entrée into electronic over-the-counter energy trading. By 2000 it had transformed into IntercontinentalExchange.

In 1997, California power plant developer Jeffrey Sprecher bought Atlanta-based Continental Power Exchange, which he envisioned as an entrée into electronic over-the-counter energy trading. By 2000 it had transformed into IntercontinentalExchange.
Sprecher has never stopped acquiring most notably, Londons International Petroleum Exchange in 2001, New York Board of Trade in 2007 and credit derivatives brokerage Creditex in 2008 and today ICE is a major, global force in futures markets. The 55-year-old CEOs latest deal is an April agreement to buy emissions-markets operator Climate Exchange for $600 million.Intent on enhancing transparency and reducing risks in OTC trading a strategy on which Sprecher had embarked in anticipation of the regulatory pressure on credit default swaps ICE beat CME Group and other rivals into CDS clearing, where, Sprecher boasted recently, We remain the leader over a year later.
He says:We are adding new products, adding new buy- and sell-side customers and enhancing the range of services within a cleared environment. With global financial reform on the horizon, we are supporting the transition of previously opaque markets to a cleared, transparent environment.
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