Anonymous ID: 850065 July 24, 2020, 3:40 p.m. No.10067945   🗄️.is đź”—kun   >>7958 >>8143 >>8390 >>8451

Intercontinental Exchange, Inc. CEO sold: $9.55m-July 22

 

He has approx. 3,271,705 registered shares to sell so 100K is not many of them-noted because he is selling and who the "wife" is.

 

Jeffrey Craig Sprecher is an American businessman, and the founder, chairman, and CEO of Intercontinental Exchange, and chairman and owner of the New York Stock Exchange. Sprecher's first job was at Trane, where he met William Prentice, who was developing power plants following deregulation. Prentice offered him a job at Western Power Group in 1983. The Energy Policy Act of 1992 passed and deregulation in the electric industry started. Those working in the "electric industry realized the need for real-time, continentwide transactions", made possible by "Continental Power Exchange" technologies whereby "individual businesses and consumers may one day be able to select an energy provider in the same way that individuals shop for long-distance telephone service." In 1996 he bought the Continental Power Exchange in Atlanta, Georgia from MidAmerican Energy Holdings Company for $1 plus the assumption of debt, which became the foundation for Intercontinental Exchange (ICE). In the 1990s energy trading was handled manually by "Continental Power Exchange, an electronic energy trading company. By 1997 Continental Power Exchange CPEX had "a federated software structure in place, CPEX… ready to expand to more servers as growth demands. CPEX's hardware and server architecture [were] capable of supporting foreseeable changes that may be necessary when the client load arrives. Continental [intended] to stay at least one step ahead of the marketplace." Sprecher started Intercontinental Exchange (ICE) in 2000 as an online marketplace for energy trading in Atlanta. Shortly after the company approached Enron to be a client, Enron started its own competing electricity trading platform, which dominated the market. Enron's market model was to buy from every seller and sell to every buyer. Wall Street bankers, particularly Goldman Sachs and Morgan Stanley, backed him and he launched ICE in 2000 (giving 80 percent control to the two banks who, in turn, spread out the control among Shell, Total, and British Petroleum). When Enron's exchange collapsed in 2001 in the Enron scandal, ICE's business exploded.

moar here

https://en.wikipedia.org/wiki/Jeffrey_Sprecher

 

from March 20th, 2020

NYSE boss sold his own stock ahead of coronavirus market meltdown

The CEO of the Intercontinental Exchange, which owns the New York Stock Exchange, sold millions of dollars worth of the parent company's shares in late February just days before the first reported death from the novel coronavirus in the U.S. The transaction also came as financial markets were starting to tumble as the devastating economic impact of the outbreak was becoming clear. Jeffrey Sprecher, who is the husband of Republican U.S. Senator Kelly Loeffler of Georgia, on February 26 sold $3.5 million in shares of ICE, as the exchange is called, at an average price of $93.42 each, according to a filing with the Securities and Exchange Commission. Since then, ICE shares have plunged nearly 25% amid a broader downdraft in stocks.

https://www.cbsnews.com/news/nyse-jeffrey-c-sprecher-kelly-loeffler-sold-company-stock-ahead-of-coronavirus-market-meltdown/

 

Sen. Kelly Loeffler Dumped Millions in Stock After Coronavirus Briefing

The Senate’s newest member sold off seven figures’ worth of stock holdings in the days and weeks after a private, all-senators meeting on the novel coronavirus that subsequently hammered U.S. equities.

 

Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on Jan. 24, the very day that her committee, the Senate Health Committee, hosted a private, all-senators briefing from administration officials, including the CDC director and Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, on the coronavirus.

moar here

https://www.thedailybeast.com/sen-kelly-loeffler-dumped-millions-in-stock-after-coronavirus-briefing

https://www.finviz.com/insidertrading.ashx?oc=1343882&tc=7&b=2