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ICE chief shrugs off banks’ exit from commodities

Posted on 07 August 2013

The top executive of IntercontinentalExchange Inc. (ICE) said Tuesday that commodity futures trading activity would remain strong despite some Wall Street banks’ planned exit from commodities businesses.
“These physical commodities infrastructure resources are valuable businesses that will continue to require risk management regardless of who owns them,” Jeffrey Sprecher, chief executive of ICE, said Tuesday on a conference call with analysts to discuss second-quarter earnings………………………………………..Full Article: Source


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