Summing up its results for 2001, online energy trading company, IntercontinentalExchange (ICE), said by the end of 2001 the number of participating firms and users on ICE both increased by more than 400%. In addition, the company said that the number of trades executed on ICE grew 15 fold over that same period during 2000.

“ICE had a tremendous year in 2001, emerging as a key player in electronic trading exchanges,” said Chuck Vice, COO of IntercontinentalExchange. “We attribute our strong market position to the stability of our organization combined with our ability to meet the demands of the market via our many-to-many trading platform.”

The platform set a new daily record for natural gas trading of 500 Bcf set on Dec. 27, 2001, breaking the previous daily record set on Dec. 4, 2001 by 18%.

As an open-access, multi-lateral electronic marketplace, IntercontinentalExchange continues to offer increased liquidity and transparency to OTC market participants. Over 400 of the world’s largest commodity trading firms are now ICE participants, the exchange said.

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