IntercontinentalExchange (NYSE: ICE), a leading global commodity exchange operator, announced that Standard & Poor’s (S&P) will add ICE to the S&P 500 Index as of the close of trading today, September 25, 2007.
"We are pleased to be included in the S&P 500 Index as we continue to grow our business for our customers and our shareholders," said ICE chairman and ceo Jeffrey C. Sprecher. "I am proud of the dedicated team we’ve assembled who have helped to establish ICE as a leading global marketplace in just seven years."
ICE became a publicly traded company in November 2005.
The S&P 500 Index consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market-value weighted index, with each stock’s weighting in the index in proportion to its market capitalization. The S&P Index Committee follows a set of published guidelines for maintaining the index, which are detailed at www.indices.standardandpoors.com.