ICE Extends Launch Date of Electronic Trading of NYBOT Soft Commodities to January 26
ATLANTA, Jan. 16 /PRNewswire-FirstCall/ -- IntercontinentalExchange
(NYSE: ICE), the leading electronic energy marketplace and soft commodities
exchange, will extend the start date of side-by-side trading at its New York
Board of Trade (NYBOT) subsidiary by one week to accommodate demand for
electronic trading enrollment and training. Side-by-side trading of the
NYBOT's benchmark agricultural commodities on ICE's electronic trading
platform will commence the evening of January 25 for the trade date January
26.
"The interest in side-by-side trading has been strong and we are working
closely with the NYBOT team to meet the demand for connectivity and training,"
said ICE's President and Chief Operating Officer, Chuck Vice. "The extra week
will allow us to support the trading community's efforts to establish
electronic trading capabilities prior to the launch."
Electronic trading will be offered in the physical contracts for Sugar #11
(SB), Sugar #14 (SE), Cotton (CT), Coffee (KC), Cocoa (CC), and Orange Juice
(OJ). Prospective electronic traders can contact the NYBOT membership office
for more information, or refer to the ICE website at
www.theice.com/nybot_info. A set of FAQ's and Webinars are also available on
the ICE website. Training classes are being held at the NYBOT.
NYBOT is coordinating the enrollment of users for direct access to the
exchange through the WebICE trading screen or through any of the leading
independent software vendors. Qualified algorithmic and proprietary traders
with access to ICE and ICE Futures products will be able to access NYBOT
products upon execution of an access agreement with NYBOT.
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 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 commodity volume. ICE conducts
its soft commodity futures markets through its U.S. regulated subsidiary, the
New York Board of Trade(R). For more than a century, 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 www.theice.com and 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 IntercontinentalExchange