IntercontinentalExchange Completes Successful Transition of ICE Endex Dutch and Belgian Spot Markets to the ICE Trading Platform
AMSTERDAM & LONDON--(BUSINESS WIRE)--
IntercontinentalExchange Group (NYSE:ICE), the leading global network of
exchanges and clearing houses, today announced that it has completed the
transition of the ICE Endex Dutch and Belgian natural gas spot markets
and the Dutch gas storage market to the ICE trading platform.
The transition for the ICE Endex Dutch Title Transfer Facility (TTF) and
Belgian Zeebrugge Trading Point (ZTP) spot markets was
successfully completed yesterday, April 29, 2014 and involved 50 trading
members. The clearing, settlement and nominations services will continue
to be provided by APX Group.
ICE Endex operates the natural gas spot markets in Belgium, the
Netherlands and the United Kingdom as well as the natural gas storage
markets in the Netherlands and the United Kingdom. Following the
migration, spot contracts for delivery at the TTF and the ZTP are now
available for trading on ICE's front end trading system, WebICE,
alongside ICE's portfolio of more than 800 energy contracts. Enhanced
platform functionality includes the integration of independent software
vendors and TTF-ZTP implied spread market trading capability.
David Peniket, President and Chief Operating Officer, ICE Futures Europe
said: “The successful transition of the TTF and ZTP spot markets to the
ICE trading platform is a significant milestone for our European
infrastructure in serving 24/7 markets. By extending our widely
distributed, high performance platform, ICE is committed to providing
the sophisticated trading infrastructure required to serve our customers
in specialised markets.”
Pieter Schuurs, President, ICE Endex said: "I would like to thank our
customers for contributing to the smooth transition of the TTF and ZTP
spot markets. We’re confident that the transition to ICE’s
state-of-the-art trading infrastructure will improve our customers’
trading experience as well as consolidate ICE’s position as Europe’s
leading energy exchange.”
In October 2013, ICE successfully completed the trading and clearing
transition for the ICE Endex futures markets to the ICE platform and ICE
Clear Europe, which involved 123 trading firms and 15 clearing member
firms with approximately 466,983 contract sides and €90 million margin
being transferred to ICE Clear Europe. In the six months after the
migration to the ICE platform, average daily volume for the ICE Endex
futures markets increased by 49.8%, compared to the average daily volume
in the six months before the migration.
About IntercontinentalExchange Group
IntercontinentalExchange Group (NYSE: ICE) is the leading network of
regulated exchanges and clearing houses for financial and commodity
markets. ICE delivers transparent, reliable and accessible data,
technology and risk management services to markets around the world
through its portfolio of exchanges, including the New York Stock
Exchange, ICE Futures, Liffe and Euronext.
Trademarks of ICE and/or its affiliates include
IntercontinentalExchange, ICE, ICE block design, NYSE Euronext, NYSE,
New York Stock Exchange, LIFFE and Euronext. Information regarding
additional trademarks and intellectual property rights of
IntercontinentalExchange Group, Inc. and/or its affiliates is located at https://www.theice.com/terms.jhtml
and http://www.nyx.com/terms-use.
ICE Safe Harbour Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 - Statements in this press release regarding ICE'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, 2013, as filed with the SEC on February 14, 2014.
SOURCE IntercontinentalExchange
ICE-ENGY

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IntercontinentalExchange Group
Media Contact:
Claire
Miller
+44 20 7065 7745
Claire.miller@theice.com
or
Adaora
Anunoby
+44 20 7429 7147
aanunoby@nyx.com
or
Investor
Contact:
Kelly Loeffler, SVP, Corp. Comm, Marketing and
Investor Relations.
+1 770 857 4726
kelly.loeffler@theice.com
Source: IntercontinentalExchange Group