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ICE (Intercontinental Exchange) is based in Atlanta. All of the NYSE and other exchanges they own are in Atlanta area. There are 26,932,748 people in the Piedmo
by bhewes 3y ago
ICE (Intercontinental Exchange) is based in Atlanta. All of the NYSE and other exchanges they own are in Atlanta area. There are 26,932,748 people in the Piedmont Atlantic region Atlanta-Raleigh. Which has been growing like crazy. This is what drove the data center movement, not corporate welfare called state incentives. They would need the power either way.
- vineyardmike 3y agoI’m sure the article is total wrong about the tax incentives like you say, but ICE AND NYSE had their colocation center and servers in New Jersey, not Georgia. They don’t have servers in GA except maybe for the printers in their office. https://www.ice.com/fixed-income-data-services/access-and-delivery/connectivity-and-feeds/icecolocation https://www.ice.com/fixed-income-data-services/access-and-de...
- jleahy 3y agoICE is actually in Chicago.
- lxgr 3y agoThe physical markets are in New Jersey. Not sure what they do in Chicago, but only derivatives are traded there; the spot markets for stocks are all in/around New York.
- jleahy 3y agoICE is the name of the derivatives exchange, which is in Chicago. The cash market is called NYSE. The parent post said ‘ICE AND NYSE’.
- lxgr 3y agoAh, I didn't know that they operate a derivatives exchange there too. In any case, they are the ones that operate the electronic NYSE exchange in New York, and that market is definitely located in New Jersey, and neither is in Atlanta.
- vineyardmike 3y agoIf you follow the link, they show the locations in NJ and Chicago.
- bhewes 3y agoYour right they actual moved their backups out of Atlanta back to NJ in 2022. https://www.ice.com/datacenter https://www.ice.com/datacenter
- joshmarinacci 3y agoWhat is the Piedmont Atlantic region? There’s no way there’s 26 million people in those cities. The combined population of GA, NC, and SC is less than 27 million people, which includes all of the costal regions and farm areas. Are you including Savannah and Charleston ?
- prepend 3y agoIt’s a real thing, https://en.wikipedia.org/wiki/Piedmont_Atlantic_megaregion https://en.wikipedia.org/wiki/Piedmont_Atlantic_megaregion (This is also the top google result) The population in 2018 was 27M, probably much higher now.
- jchallis 3y agoIncludes most of Tennessee as well - Nashville, Knoxville, Memphis and Chattanooga are in this group.
- bradknowles 3y agoKnoxville and Chattanooga I can see, but not Nashville or Memphis. The former are close enough that I understand their inclusion. But the latter are not.
- mixdup 3y agoIt also includes cities in north and north central Alabama (Birmingham and Huntsville) and Nashville and Memphis
- lxgr 3y agoMaybe the company has offices and does some development there, but the data centers themselves running the electronic stock exchanges are all located just across the Hudson from Wall Street in New Jersey: https://www.ice.com/fixed-income-data-services/access-and-delivery/connectivity-and-feeds/icecolocation https://www.ice.com/fixed-income-data-services/access-and-de...