You are here: Home » PTI Stories » National » News
Business Standard

Intercontinental Exchange launches India operations with 500 staffers

ICE Data Services India will initiate its operations with more than 500 staffers, with flexibility to add several hundred additional employees in the future

Topics
stock market | share market

Press Trust of India  |  New Delhi 

Intercontinental Exchange Inc, leading operator of global bourses and clearing houses, on Wednesday said it has launched its operations in India by formally opening its headquarters in Hyderabad.

The facility in Hyderabad will initially focus on providing ICE Data Services' reference data, Intercontinental Exchange said in a statement.

ICE Data Services, a part of Intercontinental Exchange, offers pricing and analytics, indices and exchange data services which help customers address their investing, trading, compliance and risk management requirements across a broad range of asset classes.

Initially, ICE Data Services India will initiate its operations with more than 500 staffers, with flexibility to add several hundred additional employees in the future, it said.

"India is an important part of ICE's global growth strategy and a vital resource as we partner with and serve customers around the world," Intercontinental Exchange President Benjamin Jackson said.

"With its deep pool of talent and diverse culture, our investment in India will help grow ICE Data Services and other elements of our business which form the core of our comprehensive trading and risk management offerings for our customers," he added.

Sachi Pati, head of ICE India, will lead the Indian operations.

"Hyderabad offers us several advantages given its status as a fast-emerging hub for data services," Pati said.

"Good business and social infrastructure, connectivity across the globe, and its reputation for attracting a large number of MNCs over the last few years made it an ideal choice for setting up of our operations in Hyderabad," Pati added.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 13 2019. 18:45 IST
RECOMMENDED FOR YOU