Brent-WTI Spread Trades Now Available with a Single Click
ATLANTA, March 10 /PRNewswire-FirstCall/ -- IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace, announced a second consecutive day of record volume in its futures business segment. Exchange- wide volume at ICE Futures on March 9 reached a record 391,016 contracts, which surpassed the March 8 record of 385,505 contracts.
Trading in the benchmark IPE Brent Crude futures contract yesterday set a new daily volume record of 232,995 contracts, compared to the previous record of 230,922 contracts established on August 10, 2005. Open interest in the Brent contract stands at 397,163.
Also yesterday, ICE Futures began listing Brent-WTI Crude futures spreads covering 39 months in its electronic markets. Execution of spread trades between the IPE Brent Crude futures contract and the ICE WTI Crude futures contract are now available with a single click. The margin offset for the crude futures contracts is 85% through LCH.Clearnet.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates the leading electronic global futures and OTC marketplace for trading energy commodity contracts, including crude oil and refined products, natural gas, power and emissions. ICE conducts its markets for futures trading through its
regulated subsidiary, ICE Futures (formerly the International Petroleum Exchange, or IPE), Europe's leading energy futures and options exchange. ICE also offers a range of risk management and trading support services, including cleared OTC contracts, electronic trade confirmations and energy market data. ICE's common stock began trading on the New York Stock Exchange on November 16, 2005. ICE is based in Atlanta, Georgia with offices in Calgary, Chicago, Houston, London, New York and Singapore. For more information, please visit 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 "Risk Factors" in the Company's Registration Statement on Form S-1 (Reg. No. 333-123500), as amended, as filed with the Securities and Exchange Commission and the Company's other filings under the Securities Exchange Act of 1934. SOURCE IntercontinentalExchange
-0- 03/10/2006
/CONTACT: Kelly Loeffler, VP, Investor and Public Relations of IntercontinentalExchange, +1-770-857-4726, or kelly.loeffler@theice.com; or Ellen Resnick of Crystal Clear Communications, +1-773-929-9292, or cell, +1-312-399-9295, or eresnick@crystalclearPR.com/
/Web site: http://www.theice.com/ -- CLF013 -- 1552 03/10/2006 08:30 EST
Ray
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