ICE's Sprecher not concerned about banks exiting commodities

IntercontinentalExchange CEO Jeffrey Sprecher said Tuesday that trading volume in the commodity markets would not be harmed too much by the withdrawal of investment banks from the action, and that there's no reason to believe that the buyers of the banks' holdings would be any less active. "Overall, it's an expansion of the market," Sprecher said. "It doesn't scare us."

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief: