LONDON, December 16, 2010, IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, was recognized by Environmental Finance and Carbon Finance Magazine in its 11th Carbon Finance Annual Market Survey.
ICE Futures Europe was voted "best exchange" for its suite of ECX products in the following markets:
-EU Emissions Trading Scheme (EU-ETS)
-Kyoto Project Credits (Joint Implementation and Clean Development Mechanism)
Chicago Climate Futures Exchange was voted "best exchange" in:
-Sulfur Dioxide and Nitrogen Oxide (SO2/NOx) Markets
And Chicago Climate Exchange was voted "best exchange" in:
-North American Mandatory Markets (Mandatory & Pre-compliance)
ICE acquired Climate Exchange, the parent company of the leading environmental markets in Europe and the U.S. in July of 2010, which includes the European Climate Exchange (ECX), Chicago Climate Exchange (CCX) and Chicago Climate Futures Exchange (CCFE).
ECX products trade on ICE Futures Europe, ICE's London-based, regulated futures exchange for global energy and emission markets. Open interest in ICE's ECX products is more than 1 billion tonnes with average daily volumes of 24,000.
David Peniket, President and COO, ICE Futures Europe said: "ICE Futures Europe has seen continued growth in our emission volumes and the further development of risk management products for climate markets. We appreciate the support from our customers and look forward to continuing to serve these dynamic markets."
In the U.S., CCFE lists a broad range of carbon, acid rain and renewable energy contracts, including mandatory regional greenhouse gas market products.
Satish Nandapurkar, President and CEO, Chicago Climate Futures Exchange said: "In the absence of federal legislation in the U.S., we continue to see development of the regional carbon markets and growth in renewable energy products. As the leading U.S. environmental exchange, we look forward to continuing to work with market participants to respond to evolving market demands."
ICE's Chicago Climate Exchange, a voluntary market for carbon credits, will launch a new offsets registry program following the conclusion of its emission reduction program, with verification and compliance completing in 2011 as scheduled under Phase II. CCX's offsets registry program will commence in 2011 and will register offsets through 2012.
About IntercontinentalExchange
IntercontinentalExchange® (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe® hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S.® and ICE Futures Canada® list agricultural, currencies and Russell Index markets. ICE® is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com
The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, European Climate Exchange (ECX) and Chicago Climate Futures Exchange (CCFE). All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml
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 additional 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, 2009, as filed with the SEC on February 10, 2010.
Contact:
Elaine Bailey, Corporate Communications
ICE Futures Europe
+44 207 012 8766
Elaine.Bailey@theice.com
Brookly McLaughlin, Corporate Communications
Chicago Climate Futures Exchange
+1 312 836 6728
Brookly.McLaughlin@theice.com