Senior ICE executives sell equity stakes in exchange

22 Oct 2007 email

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Several senior executives at Intercontinental Exchange (ICE), including chief executive officer, Jeff Sprecher, have sold equity stakes in the Atlanta-based exchange.

In Securities and Exchange Commission’s filling on 17 October, Sprecher sold 9,991 common shares in the bourse between $157.27 and $158.08.

Several other senior member of the exchange’s management also traded equity stakes in the exchange. Frederick Schoenhut, director; Edwin Marcial, chief technology officer; David Goone, senior vice-president, business development and David Peniket, president and chief operating officer at ICE Futures all sold stakes in the exchange between 17 October and 19 October.

"[This will] further consolidate the DME Oman contract as the third global crude oil pricing benchmark, alongside WTI and Brent.”

Ahmad Sharaf, chairman of the Dubai Mercantile Exchange