ICE to Buy Parent Of Chicago Climate Exchange

Crain's Chicago Business ^ | April 30, 2010 | Staff

[raptor22]

Futures exchange group Intercontinental Exchange Inc. said it agreed to buy Climate Exchange for 395 million pounds ($606.7 million) to create a single trading platform for environmental contracts worldwide.

Shareholders in Climate Exchange, the operator of the European, Chicago and Chicago Futures carbon emissions exchanges, will receive 750 pence a share in cash, representing a 57 percent premium on Thursday's closing price, ICE said in a statement on Friday.

Climate Exchange was founded by Richard Sandor, a longtime futures industry executive in Chicago.

[Blood of Tyrants]

Go to Glen Beck’s site to find all about the CCX. Established by Obastard with a grant from the Joyce Foundation. Involves a bunch of former executives from Goldman Sachs and Al Gore, too. Franklin Raines is neck deep in it too.

The whole global warming scam and the cap and tax scam is all about transferring huge amounts of wealth from those who have earned it to people who want nothing more than to enrich themselves and enslave us. They are evil without end.

[Blood of Tyrants]

They wouldn’t be willing to spend this much money on the CCX unless they believed that the fix was in on cap and tax.

[Army Air Corps]

This company's involvement with CCX and emissions trading in Europe.

[rockinqsranch]

Yes to your entire response. I agree. Thank you.

[rockinqsranch]

Yes. Once again I agree with you. Thanks for your response.

[Army Air Corps]

ICE merged with the NY Board of trade in 2007.

[Army Air Corps]

ICE is also involved in Credit Default Swaps.

[Army Air Corps]

The founder of ICE is Jeffrey C. Sprecher. He was named founder and CEO of Intercontinental Exchange (ICE) when the exchange began in May of 2000. He became chairman of the board two and a half years later.

Sprecher serves on the CFTC Global Markets Advisory Committee and the CFTC Energy Markets Advisory Committee, He also is a member or the Energy Security Leadership Council.

What is the Energy Security Leadership Council? The Energy Security Leadership Council is one of the projects of Securing America’s Futures Energy.

[Army Air Corps]

Here is a Muckety map of Securing America’s Futures Energy.

[Army Air Corps]

Patton Boggs, LLP is the lobby firm for ICE. The Senior Policy Advisor for Patton Boggs is Mike Dino, who was the Chief Executive of Denver’s DNC Host Committe for 2008.

[airedale]

The Board of Directors for this firm are on line. Don’t look like people that enviro’s would find warm and cuddly. All strange once Beck started talking about it though this has to have been in works for a while. I didn’t check Open Secrets to see if the board members donated to THE ONE.

[Army Air Corps]

Accroding to ICE’s own press releases, they have been working with CCX as early as 2004. I am looking into ICE’s founder.

[Army Air Corps]

See my post #30.

[Army Air Corps]

The founder donated to Hillary’s presidential campaign.

[Army Air Corps]

The founder of ICE, has donated money to Dem and Pubbie National Senatoral Committees (I do not know the ratios of donation as yet).

[Hypo]

Glenn only scratched the surface, if he didn't get to Maurice Strong. CCX Pachauri-IPCC Maurice Strong Joseph P Kennedy II and if you are into 911 conspiracies, check out Maurice Strong and AMEC and their connections to the bin laden family, besides his ties to Iraq, during the "food for weapons" program Our Abel Danger counter-intelligence team has evidence to suggest that Strong and his cousin Anna first implemented a permanent revolutionmodel in China with Red Guard deployments in the `60s and then, after Anna's death in 1970, Strong combined statewide killings of thebourgeoisie in the Vietnam, Cambodia and Rwanda genocides with more precise operations such the 1972 Munich Olympics massacre and `al-Qaeda's' 9/11.http://en.wikipedia.org/wiki/Red_Guard There are a few very important points that need mentioning concerning carbon trading/emissions and the nexus surrounding 9/11: 1) Richard Sandor launched the Chicago Climate Exchange, or CCX, in 2003 after getting two research grants from the Chicago-based Joyce Foundation (2000 and 2001). The money went to the Kellogg School of Management at Northwestern University, in Evanston, Illinois, for Sandor’s pilot program to trade carbon credits. Climate Exchange plc is a limited liability company registered in the Isle of Man – a self-governing Crown dependency and international offshore financial haven located in the Irish Sea, with a legal system entirely separate from that of the UK. Climate Exchange plc was originally incorporated in the Isle of Man in 2003 under the name Chicago Environmental plc, and changed its name in 2004. It owns the Chicago Climate Exchange (CCX), the Chicago Climate Futures Exchange (CCFE), and the European Climate Exchange (ECX). In September 2007, Climate Exchange plc and Deutsche Bank launched trading in catastrophe event-liked futures on the CCFE (IFEX). Richard Sandor (Kellogg School of Management), the company’s Chairman, is the majority shareholder; another major shareholder is Neil Eckert, the company’s CEO. 2) Richard Sandor (founder of the CCX, in cahoots with Maurice Strong and Al Gore) set up Climate Exchange plc as a Manx offshore holding company, to manage the various futures exchanges he established, while minimizing official scrutiny. His various operations involve money laundering; insider trading (including weather futures fraud); and protection racketeering using gas emissions (including CO2) as a pretext to monopolize control of international resources and industry, largely on behalf of global custodian bankers. KPMG is Climate Exchange plc’s auditor; BNP Paribas is the company’s principal banker. 3) A notable recent member of the Joyce Foundation’s Board of Directors was Barack Obama. While Obama was a director of the Joyce Foundation, the Foundation issued a $347,600 grant to Richard Sandor “to design a mid-western pilot program for the voluntary trading of carbon dioxide and other emissions that cause climate change, with the goal of answering methodological questions and resolving operational issues.” (2000) Also, a $760,100 grant to the J. L. Kellog School of Management at Northwestern University, working with Sandor, to fund the design of the Carbon Climate Exchange, otherwise known as the CCX. (2001) The President of the Joyce Foundation in 2000, when the foundation made its first grant to the Climate Exchange, was Paula DiPerna, who is now executive vice president of the Chicago Climate Exchange in charge of corporate recruitment and public policy, as well as president of CCX International. DiPerna left the foundation in November 2001 and joined the Exchange. It was the same year in which the foundation gave its second and much larger grant to the exchange. The Exchange launched in 2003. 4) Cantor Fitzgerald, CantorCO2e, is a leading global provider of financial services to the world’s environmental and energy markets (clients engaged in using energy and managing emissions). Carlton Bartels, who was killed on 911, invented and held the patent on a computer-based system for simulated automated carbon trading while at Co2e by putting out a news story for example, in the mainstream media to see what effect it would have on the value of the amount of carbon dioxide put out. On the morning of 911 Carlton Bartels was operating this simulated game and it is alleged his simulation administrator codes were stolen and then the game hacked into taking the game from a simulation to an actually live game. 5) For over 150 years have Bellingdon associates defended family fortunes by hiring lawyers to arrange insurance frauds through Lloyd’s of London and paying saboteurs with money laundered through the US Patent office? It is thought that Sebastian Grigg (previously at Goldman Sachs as their media investment manager and who launched the SCREAM network just in time for what Thomas P.M. Barnett called, “the world’s first mass snuff film in history”) and his Bullingdon associates defrauded Lloyd’s of London Volcanic Ash Advisory Centre operated by Met Office as a cat-bond trading arm of the U.K. Ministry of Defense. The allegation is Lloyd’s of London are either witting or unwitting underwriters of these catastrophe bonds.　There is circumstantial evidence that Met (Meteorological) Office agents used the Montreal Volcanic Ash Advisory Centre network on 9/11 to trigger the Bullingdon (named after the Bullingdon Club) catastrophe bonds and defraud Lloyd’s. In 1996, Lloyd’s tried to settle all litigation arising from the multibillion-pound losses its investors suffered in the late 1980s and early 1990s. During the 1990s, claims for asbestos-related diseases dating back to the 1940s had flooded Lloyd’s after the US courts began ruling that someone who had been exposed to asbestos could claim, regardless of whether or not they had any symptoms of illness and this amounted to a huge liability Lloyds couldn’t cover almost driving them into bankruptcy.　We’re talking about billions of dollars in losses and an insurance scam. http://warofillusions.wordpress.com/2009/03/30/obama-maurice-strong-al-gore-key-players-cashing-in-on-chicago-climate-exchange/

[Hypo]

oops, clean-up on aisle 9

[thouworm]

ICE has had a voracious appetite since its inception in 2000
~~~~~~~~~~

In May 2000, IntercontinentalExchange (ICE) was established, with its founding shareholders representing some of the world's largest energy companies and global banks.

ICE's mission was to transform OTC energy markets by providing an open, accessible, around-the-clock electronic energy marketplace to a previously fragmented and opaque market. ICE offered the energy community price transparency, more efficiency, greater liquidity and lower costs than manual trading, such as voice or floor markets.

Working together with participants in the energy markets, ICE developed the leading electronic marketplace for energy commodities, along with the leading electronic trade confirmation platform.

ICE Data was launched in 2002 to meet the demand for increased market data in the OTC energy markets, and is today one of the leading providers globally. ICE has developed and maintained its state-of-the-art technology infrastructure for trading, trade processing, clearing, market data and risk management, investing over $120 million in technology since inception.

In June 2001, ICE expanded its business into the futures markets by acquiring the International Petroleum Exchange (IPE), now ICE Futures Europe, Europe's leading regulated energy futures exchange. ICE Futures Europe's markets today account for approximately 50% of the world's crude oil and refined futures traded each day.

In April 2005, ICE Futures Europe became the first fully electronic energy exchange.

Since 2003, ICE has partnered with the Chicago Climate Exchange (CCX) to host its OTC emissions markets, and today offers the leading European emissions futures in conjunction with the European Climate Exchange (ECX) ¿ the ICE/ECX carbon futures contracts are the most widely relied upon carbon contracts globally.

In November 2005, ICE completed its IPO on the New York Stock Exchange (NYSE) under the ticker ICE. Today, ICE is a member of the Russell 1000® and the S&P 500 indexes. In 2006, The Wall Street Journal recognized ICE as the best performing stock of all publicly traded U.S. stocks.

In January 2007, ICE acquired the New York Board of Trade (NYBOT) now known as ICE Futures U.S. Today, its futures contracts for soft commodities, including sugar and coffee are listed on the ICE platform.

In June 2007, ICE and Russell Investments entered into an exclusive licensing agreement with respect to the U.S. Russell Index futures complex, and today Russell Index futures trade exclusively on ICE.

Also in 2007, ICE acquired the exclusive right to key natural gas indexes, including NGI and NGX, and transitioned them to electronic markets on ICE's OTC platform.

In July 2007, ICE acquired and integrated ChemConnect's natural gas liquids (NGLs) and chemicals markets into its OTC markets.

In September 2007, ICE acquired the Winnipeg Commodity Exchange (WCE), the world's leading canola market, now known as ICE Futures Canada.

In October 2007, ICE acquired Chatham Energy, a leading OTC energy options broker.

In January 2008, ICE acquired YellowJacket (YJ), a leading peer-to-peer negotiation platform for the OTC energy options markets.

In August 2008, ICE completed its acquistion of Creditex, a leading interdealer market for the execution and processing of credit derivatives with operations in New York, London and Singapore.

In March 2009, ICE acquired The Clearing Corporation (TCC), which provides the clearing technology for ICE's credit default swap clearing house, known as "ICE Trust."

Approved by the Board of Governors of the Federal Reserve in March 2009, ICE Trust, is a member of the Federal Reserve and is a New York bank holding company and is the leading CDS clearing house globally.

Today, ICE employs over 750 professionals across the U.S., Europe and Asia.

ICE History

[TBP]

This gets more and more intersting.

[steelyourfaith]

Thanx !

 

Beam me to Planet Gore !