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IntercontinentalExchange Announces Successful Transition of WCE Products to ICE Trading Platform
Dec 11, 2007 (08:12 AM EST)
ATLANTA and WINNIPEG, Manitoba, Dec. 11 /PRNewswire-FirstCall/ -- IntercontinentalExchange , a leading global exchange operator and over-the-counter (OTC) marketplace, announced today that its Winnipeg Commodity Exchange (WCE) subsidiary successfully transitioned trading in all of its products to the ICE electronic platform as planned. On December 10, the first full day of trading on the ICE platform, total volume for WCE Futures was 16,742 contracts. Average daily volume (ADV) for WCE futures was 13,427 contracts in November 2007.
"We are very pleased that the transition to the ICE platform was smooth and efficient," said William Hill, WCE President and Chief Operating Officer. "We have been working closely with our customers and market participants to ensure that everyone would be ready on day one, and we're already seeing strong activity of WCE products on the ICE platform. With this transition, we look forward to building upon our continued trend of volume growth."
WCE was established in 1887 and today offers futures and options contracts on canola, domestic feed wheat, and western barley. ICE acquired Winnipeg Holdings Inc. and the all-electronic WCE on August 28, 2007. More information about trading WCE products on ICE can be found on the ICE website at https://www.theice.com/wce.jhtml .
IntercontinentalExchange(R) www.theice.com operates global commodity and financial products marketplaces, including the world's leading electronic energy markets and soft commodity exchange. ICE's diverse futures and over- the-counter (OTC) markets offer contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including canola, cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, in addition to foreign currency and equity index futures and options. ICE(R) conducts its energy futures markets through ICE Futures Europe(TM), its London-based futures exchange, which offers the world's leading oil benchmarks and trades nearly half of the world's global crude futures in its markets. ICE conducts its soft commodity, foreign exchange and equity index markets through its U.S. futures exchange, ICE Futures U.S.(TM), which provides global futures and options markets, as well as clearing services through ICE Clear U.S.(TM) In August 2007, ICE acquired the Winnipeg Commodity Exchange Inc., the leading agricultural futures exchange in Canada. ICE's state-of-the-art electronic trading platform brings market access and transparency to participants in more than 50 countries. ICE was added to the Russell 1000(R) Index in June 2006 and the S&P 500 Index in September 2007. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Dublin, Houston, London, New York, Singapore and Winnipeg. For more information, please visit .
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 ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2006, and the Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2007, each as filed with the SEC on February 26, 2007, May 4, 2007, July 27, 2007 and October 26, 2007, respectively.
CONTACT: Investors, Kelly Loeffler, VP, Investor Relations & Corp. firstname.lastname@example.orgCommunications, +1-770-857-4726, , or SarahStashak, Director, Investor & Public Relations, +1-770-857-0340,, both of IntercontinentalExchange; or Media, EllenG. Resnick of Crystal Clear Communications, +1-773-929-9292, cell,+1-312-399-9295,
Web site: http://www.theice.com/