Intercontinental Exchange Inks Partnership with McLaren Racing

Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (ICE), a prominent operator of global exchanges and clearinghouses, announced on Tuesday that it became an official partner of the McLaren MX Extreme E Team. According to the press release, the team races new all-electric series featuring male and female drivers.

A series of events at the New York Stock Exchange, an ICE exchange, will kick off the multi-year partnership between ICE and McLaren Racing on Tuesday, with McLaren Racing's CEO Zak Brown, driver Tanner Foust and engineer Leena Gade ringing the Closing Bell.

The Number 58 McLaren Extreme E race car will be displayed at NYSE’s Experience Square in Lower Manhattan on Tuesday morning to showcase the partnership’s focus. On Tuesday afternoon, Stephanie Dobbs Brown, ICE's CMO, will host McLaren Racing's CEO, Zak Brown, McLaren MX Extreme E Driver, Tanner Foust, and McLaren Racing's Senior Principal Race Engineer, Leena Gade for a press conference in the NYSE’s Board Room before ringing the Closing Bell on the Trading Floor.

Statements from Both Parties

“I’ve been a fan of Zak Brown and McLaren Racing for years, and our team could not be more excited about becoming an Official Partner of the McLaren Extreme E Team. ICE and McLaren are both driven by the use of data and technology to create a competitive advantage. We look forward to collaborating with McLaren Racing, not only to make an impact in the thrilling all-electric Extreme E championship but also to join the leadership effort in the development of sustainable technology,” Jeff Sprecher, the Founder, Chair and CEO of ICE, commented.

Brown issued the following statement: “Partnering with a leading global name in financial markets like ICE is a fantastic moment for McLaren Racing. Like us, ICE targets authentic brand engagement driven by data and technology, and we look forward to joining them at the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term to celebrate this new partnership. ICE aligns with our commitment to sustainability, including DE&I. This makes Extreme E a perfect platform to carry our partnership and raise awareness of the impact of climate change, while promoting a more level playing field for gender equality.”

Intercontinental Exchange recently revealed a strategic investment in tZERO, an international leader in blockchain technology for capital markets.