Stock Market News: Executives from Intercontinental Exchange Inc. (NYSE: ICE) announced the launch of its operations in Hyderabad, India and formally open the company’s headquarters in the city. The state-of-the-art facility in India will initially focus on providing ICE Data Services’ reference data. ICE Data Services is a part of the Intercontinental Exchange and offers award-winning pricing and analytics, indices and exchange data via secure, flexible connections. These services help customers address their investing, trading, compliance and risk management requirements across a broad range of asset classes.

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“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,” said Benjamin Jackson, President of Intercontinental Exchange. “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.”

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 Sachi Pati Head, ICE India, will lead the Indian operations. The ICE facility at RMZ The Sky View, Gachibowli, is located in one Hyderabad’s most thriving commercial and business district. The headquarters spans 85,000 square feet and the facility can accommodate up to 750 employees, most of whom will be engineers and finance professionals engaged in data science.

“Hyderabad offers us several advantages given its status as a fast-emerging hub for data services,” said Sachi Pati, Head of ICE India. “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. I look forward to partnering with our Head of Human Resources and Site Administration, Kiranmai Pendyala, to tap into Hyderabad’s impressive breadth and depth of human capital in order to drive ICE’s growth in the market.”

Initially, ICE Data Services India will initiate its operations with more than 500 staff, with the flexibility to add several hundred additional employees in the future. The Hyderabad center is equipped with computer systems that can support the complexity of breaking down voluminous data and present it in a range of formats that are meaningful for their clients.

“Analysts, researchers, and programmers working in our Hyderabad center will help provide reference data that our clients use to gain more transparency into global markets, which helps them make more informed trading and business decisions, and manage risk efficiently,” said James Brooks, Chief Operating Officer of ICE Data Services.  

Office infrastructure includes a vibrant environment, ergonomically designed furniture, high-speed connectivity, video conferencing, and conference and recreation zones to create a professional and productive workplace for employees.