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ICE Announces March 28 Launch Date for Electronically Traded Options Contracts at ICE Futures U.S.
Feb 25, 2008 (08:02 AM EST)
ATLANTA, Feb. 25 /PRNewswire-FirstCall/ -- IntercontinentalExchange , a leading operator of global exchanges and over-the-counter (OTC) markets, today announced the timeline for introduction of electronically traded ICE Futures U.S.(TM) options on futures contracts. The contracts will be available for trading on the ICE platform beginning Friday, March 28. Electronic options on futures will be offered for the Sugar No. 11, Cotton No. 2, Coffee "C", Cocoa, FCOJ-A and the Russell 1000(R) Index mini and Russell 2000(R) Index mini contracts.
The test environment will be available each trading day beginning on Wednesday, February 27, in advance of the launch. It will operate from 1:00 a.m. to 3:15 p.m. ET to allow independent software vendors (ISVs), market data vendors, brokers, algorithmic traders and other registered market participants to complete system connectivity and functionality testing. The test environment will be available through ISVs, WebICE and APIs, as well as on the ICE Futures U.S. floor via computer terminals and handheld tablets. Current participants in the exchange's electronic markets are authorized to access the test environment. New users wishing to connect to ICE Futures U.S. should contact the ICE helpdesk to request an electronic user agreement.
Detailed information and contract specifications can be found on the ICE website at https://www.theice.com/exchange_notices.jhtml .
ICE Futures U.S. will transition to fully electronic futures markets as of the trade date Monday, March 3, 2008. All options on futures contracts will continue to be available in the floor-traded markets.
IntercontinentalExchange(R) www.theice.com is a leading operator of global exchanges and over-the-counter (OTC) markets. ICE offers futures and OTC markets on a single trading platform, including markets for crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities and financial products such as canola, cocoa, coffee, cotton, ethanol, orange juice, wood pulp, sugar, foreign currency and equity index futures and options. ICE(R) conducts its energy futures markets, including the leading oil benchmark contracts, through its London-based exchange, ICE Futures Europe(TM). ICE conducts its global agricultural commodity, foreign exchange and equity index futures markets through its U.S. and Canadian exchanges, ICE Futures U.S.(TM) and ICE Futures Canada(TM), and offers clearing services through ICE Clear U.S.(TM) ICE's state-of-the-art electronic trading platform serves market participants in more than 55 countries. ICE is included in the Russell 1000(R) Index and the S&P 500 Index. Headquartered in Atlanta, ICE 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, 2007, as filed with the SEC on February 13, 2008.
CONTACT: investors, Kelly Loeffler, VP, Investor Relations & Corp. email@example.comCommunications, +1-770-857-4726, ; Sarah Stashak,Director, Investor & Public Relations, +1-770-857-0340,, both of IntercontinentalExchange; media, Ellen G.Resnick, Crystal Clear Communications, +1-773-929-9292 (o), +1-312-399-9295(c), , for IntercontinentalExchange
Web site: http://www.theice.com/