Jeff Sprecher is Founder, Chairman and CEO of Intercontinental Exchange, Inc. (NYSE: ICE) and Chairman of the New York Stock Exchange. Sprecher acquired the predecessor company to ICE for $1, building a company with a market capitalization over $25 billion in 15 years. Under Sprecher’s leadership, ICE grew from operating an energy swaps market into a network of 11 global exchanges, including the New York Stock Exchange, through organic growth and acquisitions. ICE’s exchanges include equity and equity options exchanges, as well as futures exchanges that establish benchmark prices for interest rates, equity indexes, energy, metals and agricultural commodities. In addition, ICE operates 7 central clearing houses that provide risk management services and support capital flows for global markets.
As a power plant developer, Sprecher recognized the need among energy market participants for an accessible, standardized electronic marketplace for OTC energy contracts. He acquired Continental Power Exchange (CPEX) in 1997 to achieve his vision of an efficient market that would bring transparency and capital efficiency to previously opaque and fragmented markets. Intercontinental Exchange was formed in 2000 and the company completed its initial public offering in 2005 on the NYSE. He has served as the company's Chief Executive Officer since May 2000 and as the Chairman of the Board since November 2002.
Sprecher has led numerous strategic initiatives that have enabled ICE to expand from a single asset class — energy — into a broad range of asset classes today. These have included numerous acquisitions, including the International Petroleum Exchange of London (2001), the New York Board of Trade (2007), Creditex (2008), The Clearing Corporation (2009), the Climate Exchange (2010), NYSE Euronext (November 2013), Singapore Mercantile Exchange (2014) and Interactive Data Corporation (2015).
In addition to expanding through acquisitions, Sprecher has focused ICE's resources on organic growth, including developing the first cleared OTC energy contracts (2002), building the first new major clearing house in the U.K. in over a century (2008), and launching the world's leading clearing house for credit derivatives (2009).
Sprecher's leadership has been recognized by Businessweek, Institutional Investor and a number of other industry publications. He was selected as a finalist in Ernst & Young's Entrepreneur of the Year program in 2002 and by MarketWatch as one of five finalists in the MarketWatch CEO of the Year program in 2006. Also in 2006, ICE's stock was named the best 1-year performer by The Wall Street Journal, and in 2010 the company was named as the fastest growing company in the Financial Services category by Fortune magazine. In 2015, Sprecher was nominated for Best CEO in Institutional Investor’s annual poll. Also in 2015, he was named one of Barron’s 30 World’s Best CEOs.
Sprecher is involved in a number of civic initiatives. He is the Chairman of the Buckhead Coalition; is a Wisconsin Alumni Research Foundation Trustee; and is on the Board of Directors for the Metro Atlanta Chamber, The Commerce Club, Atlanta Committee for Progress, and the Advisory Board for the Georgia Institute of Technology.
Prior to acquiring CPEX, Sprecher served as President of Western Power Group, Inc., a developer, owner and operator of large central-station power plants in California.
Raised in Wisconsin, Sprecher earned a Bachelor of Science degree in Chemical Engineering from the University of Wisconsin at Madison and a Master of Business Administration from Pepperdine University in Malibu, California.
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