Electronic Trading of NYBOT Softs Exceeds 48,000 Contracts on Third Day of Side-by-Side Trading10 February 2007
Electronic soft commodity futures trading at the New York Board of Trade (NYBOT) subsidiary of IntercontinentalExchange (NYSE: ICE) reached 48,884 contracts today, or more than 24% of overall daily volume in those products. The new high replaces two previous record days of electronic soft commodity trading at NYBOT from yesterday, February 5 (24,063 contracts, approximately 18% of daily volume) and Friday, February 2 (13,164 contracts, and approximately 11% of daily volume).
In addition, new open interest records in NYBOT Sugar No. 11(SM), Cotton No. 2(SM) and Coffee "C"(R) contracts have been established for the past two days of side-by-side trading. Today's records include all-time open interest highs of 698,496 contracts for sugar, 194,912 contracts for cotton, and 137, 239 contracts for coffee.
Chuck Vice, ICE President and COO, said: "Today's impressive performance has exceeded our initial expectations and is further evidence of the growth that increased access through our electronic platform brings to these important global products. We are encouraged by the new open interest records for these contracts."
ICE, the leading electronic energy marketplace and soft commodities exchange, and its regulated subsidiary, NYBOT, introduced side-by-side trading for the NYBOT physical soft commodity contracts on Friday, February 2. Contracts offered include cocoa, coffee, cotton, orange juice and sugar.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates the leading global, electronic marketplace for trading both futures and OTC energy contracts and the leading soft commodity exchange. ICE's markets offer access to a range of contracts based on crude oil and refined products, natural gas, power and emissions, as well as soft commodities including cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, in addition to currency and index futures and options. ICE(R) conducts its energy futures markets through its U.K. regulated London-based subsidiary, ICE Futures, Europe's leading energy exchange. ICE Futures offers liquid markets in the world's leading oil benchmarks, Brent Crude futures and West Texas Intermediate (WTI) Crude futures, trading nearly half of the world's global crude futures by volume of commodity traded. ICE conducts its soft commodity futures and options markets through its U.S. regulated subsidiary, the New York Board of Trade(R). For more than a century, the NYBOT(R) has provided global markets for food, fiber and financial products. ICE was added to the Russell 1000(R) Index on June 30, 2006. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Houston, London, New York and Singapore. For more information, please visit http://www.theice.com and http://www.nybot.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company's Securities and Exchange Commission filings, including, but not limited to, the risk factors in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 and the Company's Registration Statement on Form S-4 (File No. 333-138312), as filed with the Securities and Exchange Commission on November 16, 2006.
Source: prnewswire
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