Founded in May 2000, the Intercontinental Exchange is headquartered in Atlanta, Georgia, USA, with investors from seven commodity wholesalers. Later that year, six gas and power companies bought shares in the company. 200 1, the company acquired the London International Petroleum Exchange. In 2007, it merged with the New York Futures Exchange; 20 10 merged with the climate exchange. Intercontinental Exchange listed the New York Mercantile Exchange as its main competitor, saying that its competitors are "bigger than us, with greater financial resources, wider participation groups and longer operating history." The New York Mercantile Exchange has also filed copyright and trademark infringement lawsuits against Intercontinental Exchange. Intercontinental Exchange will be the latest listed exchange after International Stock Exchange (ISE), Arbinet-TheExchange (ARBX) and Archipelago Holdings (AX).