NEW YORK, Dec 17, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- ICE Futures U.S.(TM), a wholly-owned subsidiary of IntercontinentalExchange (NYSE: ICE), announced today effective with the start of trading on Friday, December 21, the exchange is implementing Trade At Settlement ("TAS") capability in the ICE electronic trading system for Russell 2000(R) Mini futures contracts. TAS trading will be enabled for each of the front three contract months in the Russell 2000 Mini futures contracts. This capability was also added for Cotton No. 2 and FCOJ-A futures contracts on December 14, 2007.
Orders to buy or sell a futures contract at the settlement price can be submitted at the start of the pre-open period for the respective product through the end of the futures contract settlement window each day. For the Russell 2000 Mini, the pre-open begins at 7:45 p.m. ET the prior calendar day and the settlement window is 4:14 p.m. to 4:15 p.m. ET.
TAS orders will be matched on a first-in, first-out basis. Once matched, each TAS transaction will receive a trade price equal to the daily settlement price for the respective futures contract month, as determined and published by the exchange.
Market participants desiring more information about TAS capability for the Russell 2000 Mini futures are encouraged to contact ICE at (212) 748-3949.
TAS capability will be added for other ICE Futures U.S. products in the near future.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) 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 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 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.
SOURCE ICE Futures U.S.
http://www.theice.com
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