The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

IntercontinentalExchange to Launch ICE Swap Trade for OTC Energy Markets

Wednesday, September 25, 2013

IntercontinentalExchange to Launch ICE Swap Trade for OTC Energy Markets

17:35 EDT Wednesday, September 25, 2013

Offering Creates Seamless Transition to ICE SEF

ATLANTA, Sept. 25, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced that it will provide trade execution services for its financially settled, bilateral over-the-counter (OTC) energy markets through ICE Swap Trade, ICE's swap execution facility (SEF), which is expected to launch on October 2, 2013.

ICE transitioned its cleared OTC energy contracts to futures contracts in October 2012. Certain contracts that continued to trade on ICE OTC commodity markets will begin trading on ICE Swap Trade to satisfy new regulatory requirements. These contracts include all uncleared swaps markets.

"Last year, ICE transitioned its cleared energy OTC markets to futures, and this next step will complete the evolution of our markets, which reflect new regulatory requirements," said Chuck Vice, ICE President and Chief Operating Officer. "As with other transitions, customers will maintain uninterrupted access to execution services."       

To complete the change, ICE will be transferring its uncleared swaps markets to ICE Swap Trade, which was granted temporary registration as a SEF by the Commodities Futures Trading Commission on September 20, 2013. All swaps will continue to be reported to ICE Trade Vault. ICE's physical forwards markets for natural gas, power and oil will remain on the current ICE OTC platform.

IntercontinentalExchangeIntercontinentalExchange (NYSE: ICE) is a leading operator of regulated exchanges and clearing houses serving the risk management needs of global markets for agricultural, credit, currency, emissions, energy and equity index products. 

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Clear Credit, ICE Futures U.S., and ICE OTC. 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

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, 2012, as filed with the SEC on February 6, 2013.



SOURCE IntercontinentalExchange

For further information: Media Contact: Christopher McEntee, Director, IntercontinentalExchange, 1-770-857-2782,; Investor Contact: Kelly Loeffler, VP Investor Relations & Corp. Communications, IntercontinentalExchange, 1-770-857-4726,

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
Other Sections