NYBOT Softs Exceed 64,000 Contracts in Electronic Trading on February 710 February 2007
Electronic soft commodity futures trading at the New York Board of Trade (NYBOT), a wholly- owned subsidiary of IntercontinentalExchange (NYSE: ICE), reached a new high of 64,042 contracts today, or more than 19% of overall daily volume in the listed products. Additionally, today's total volume of 340,190 contracts set a new daily volume record, replacing the previous high of 315,390 contracts set on April 13, 2006. The World Sugar futures contract also set a new volume record with 155,727 contracts traded, replacing the previous high of 153,201 contracts.
New open interest records were also set yesterday in NYBOT Sugar No. 11(SM) (703,998), Cotton No. 2(SM) (195,478), and Coffee "C"(R) (137,834) contracts.
NYBOT today also announced extended hours in its electronic markets offered on the ICE platform. Beginning Tuesday, February 20, 2007, the hours will be extended to 1:30 a.m. ET to 3:15 p.m.
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, 2007. 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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