LONDON--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, today announced the successful launch of trading and clearing for ICE Futures Singapore and ICE Clear Singapore on Tuesday, November 17, 2015.

Total volume of 8,847 contracts traded and cleared on November 17, across energy, gold and FX.

ICE is the first international exchange group to establish local trading and clearing infrastructure in Singapore. The first set of ICE Futures Singapore contracts were based on market feedback and include mini Brent futures, mini gasoil futures, kilo gold futures, mini onshore renminbi futures and mini offshore renminbi futures. The contracts complement ICE’s existing portfolio of financial and commodity benchmark contracts offered in Europe and the U.S.

“With a range of contracts across energy, gold and FX, our Singapore exchange and clearing house provides market participants with effective tools for managing price risk locally,” said Lucas Schmeddes, President & COO, ICE Futures Singapore and ICE Clear Singapore. “We would like to thank customers and clearing members for their continued support and we look forward to working with the market to develop further contracts to support trading and clearing based on local regulatory requirements.”

The establishment of ICE Futures Singapore and ICE Clear Singapore supports an expanded customer base and the further development of the Asian derivatives markets. ICE has had a presence in Singapore since 2000 serving customers in the global energy markets. In recent years, Asia-based trading activity in ICE's benchmark commodity and interest rate products has been rising as the region assumes a greater role in global derivatives markets.

ICE Futures Singapore and ICE Clear Singapore operate under the oversight of the Monetary Authority of Singapore (MAS).

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use

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, 2014, as filed with the SEC on February 5, 2015.

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: http://www.businesswire.com/news/home/20151117007166/en/

Intercontinental Exchange
Media Contact:
Claire Miller
+44 207 065 7745
claire.miller@theice.com
or
Investor Contact:
Kelly Loeffler
+1 770 857 4726
kelly.loeffler@theice.com

Source: Intercontinental Exchange