 While the company's original focus was energy products (crude and refined oil, natural gas, power, and emissions), acquisitions subsequently expanded its activity into soft commodities (sugar, cotton and coffee), foreign exchange and equity index futures.In a response to US financial crisis in 2008, Sprecher formed ICE US Trust based in New York, now called ICE Clear Credit LLC, to serve as a limited-purpose bank, a clearing house for credit default swaps.Sprecher worked closely with the Federal Reserve to serve as its over-the-counter (OTC) derivatives clearing house.