IntercontinentalExchange (ICE) said that it has entered into an agreement to acquire the assets of CommodityLogic, a collection of back office software and hardware, from Enron Net Works LLC, an affiliate of the bankrupt Enron Corp. ICE said the purchase and sale agreement has been filed with the bankruptcy court and is subject to final bankruptcy court approval following a standard notice period. Terms of the deal were not disclosed.

“The acquisition of CommodityLogic will provide Intercontinental’s global customer base with access to an expanded suite of back-office services for over-the-counter (OTC) energy and metals trading,” said Jeffrey Sprecher, CEO of IntercontinentalExchange. “The services offered by CommodityLogic complement our existing eConfirm service and will support the efforts of our clients around the world to streamline their back-office operations.”

Enron Net Works’ CommodityLogic system consists of a central data hub, which connects to modules that perform specific tasks related to back-office functions.

In other ICE news, the company said that it has expanded its content suite and will publish two daily market newsletters. Published in PDF format, ICE said that The IntercontinentalExchange North American Natural Gas Price Alert and The IntercontinentalExchange North American Power Price Alert will provide price transparency and market intelligence.

In addition to ICE’s daily indices, the newsletters will also contain comprehensive, indicative forward curve pricing for all North American natural gas and power products trading on IntercontinentalExchange. The newsletters will reflect trading activity on IntercontinentalExchange for the current day (7:00am EST to 1:00pm EST), including: last, last time, high, low, current bid, current offer, day’s best bid, day’s best offer and volume weighted average price.

©Copyright 2002 Intelligence Press Inc. Allrights reserved. The preceding news report may not be republishedor redistributed, in whole or in part, in any form, without priorwritten consent of Intelligence Press, Inc.