Company earnings up 7% to $850 million and net income at $315 million
Exchange (ICE), the Atlanta based exchange operator, has warned
that European Union’s regulatory reforms is
creating uncertainty and resulting in a flight of capital to
Jeffery Sprecher, chief
executive of ICE, said the company was seeing a shift in
customers preferences "where they chose to manage risk in the
swaps and futures market away from Europe and to the US,
validating our investment decision to operate regional venues
on common technology".
He said on
the company's first quarter earnings call the
company’s strategy was helping the operator to
meet client demands to move capital outside Europe.
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