ICE Announces New York City Electronic Trading Center

IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace, announced that it has licensed office space at 2 World Financial Center in the downtown financial district of New York City. The offices will serve as a state-of-the-art electronic trading center that will provide access to ICE's electronic markets as well as host training and marketing activities.

The electronic trading center is located at the lobby level in the Winter Garden of the World Financial Center, the premier office center owned and managed by Brookfield Properties. The ICE facility, expected to open in the first quarter of 2007, will be accessible by authorized market participants and qualified trainees. In September, ICE announced its planned acquisition of the New York Board of Trade (NYBOT), the leading soft commodity exchange in the world, which is located at 1 North End Avenue. ICE also has offices at 7 Times Square Tower in mid-town Manhattan.

"We are excited to expand our presence in New York to include what we believe will be a unique opportunity to address the demand expressed by commodity market participants to access our global electronic marketplace. As we look toward the acquisition of the NYBOT, we will continue to seek ways to welcome the membership and support their continued growth by offering training and a high quality environment to conduct business," said ICE's Chairman and CEO, Jeffrey C. Sprecher. "We are pleased to work with the team at Brookfield Properties as we complete the build-out at this prime location."

About IntercontinentalExchange

IntercontinentalExchange(R)(NYSE: ICE) operates the leading global, electronic marketplace for trading both futures and OTC energy contracts. ICE offers a range of contracts based on crude oil and refined products, natural gas, power and emissions. ICE conducts its futures markets through its 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, as well as the leading heating oil futures contract by traded volume. ICE introduced the concept of cleared OTC energy contracts and today offers the most liquid and transparent electronic OTC market in North America. ICE also offers a range of risk management and trading support services, including customized energy market data offerings through its ICE Data business unit and electronic trade confirmations. 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, with regional telecommunications hubs in Chicago, New York, London and Singapore. For more information, please visit http://www.theice.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.

Author:  

Email:    

Topic:    

Content: