ICE Futures Europe · London United Kingdom
Company Description
Phone: +44-20-7481-0643
Fax: +44-20-7481-8485
View ICE Futures Europe Locations On A US Map
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This link will open in a new window ICE will suffice for ICE Futures Europe, formerly called The International Petroleum Exchange of London (IPE). A chip off the old ICE block, ICE Futures Europe is a subsidiary of US-based IntercontinentalExchange (ICE) and is an electronic exchange market for regulated energy futures and options in Europe. Products traded include derivative contracts based on energy commodities such as crude oil, refined oil (including heating oil and jet fuel), and natural gas and electric power. The exchange had been transitioning from pit trading to electronic trade operations since 2002 and no longer has an open-outcry platform. To read the full description, subscribe now.
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Key ICE Futures Europe Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $191.0 |
| Employees | 110 |
ICE Futures Europe Executives
6 executives listed for ICE Futures Europe's London, location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Jeffrey Sprecher | Network |
| Vice Chairman | Richard Spencer | Network |
| President and COO | David Peniket | Network |
Competition
Competitive Landscape for ICE Futures Europe
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top ICE Futures Europe Competitors
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