eBay is more like the NYSE than Amazon, says Intercontinental Exchange CEO Jeffrey Sprecher

"I'm not sure that it's been fair for the market to hold eBay accountable as an e-commerce company and compare it to the likes of Amazon," Sprecher said on an analyst call Thursday. He suggested instead that eBay "be viewed as a 25-year-old cash market for collectible goods, which looks a lot more like the New York Stock Exchange than Amazon."

Sprecher said that ICE's board and senior management routinely brainstorm new ideas to engage with outside parties and that the company's disciplined but proactive approach to acquisitions "encourages exploratory conversations." Sprecher saw similarities between the companies' business models in ICE's early days, saying he sought then-eBay CEO Meg Whitman's advice as ICE was looking to build its online energy power marketplace. In those days, he said, "there were clear parallels between new ideas in the market for centralized clearing."

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