Photograph by Daniel Shea for Bloomberg Businessweek
You’re being bought by IntercontinentalExchange. How does a 13-year-old futures exchange make a play for a 220-year-old American institution?
It’s an illustration of how quickly the world is changing, and particularly how our industry has changed, that a company that young can find that much success so quickly. But the other thing I remind people of is we’re 220 years old—in fact, our European exchanges are even older than that—but we’ve only been a public company since 2006, for less time than ICE has been a public company. So, we’re actually a pretty young company in some respects because for 200-plus years we operated basically as a club that was run for the benefit of the members, the seat owners.
