IntercontinentalExchange Inc. (ICE) Wednesday announced an agreement whereby Prebon Energy Inc. will submit its brokered trade records to Intercontinental’s eConfirm platform and its trade database used in compiling market indices. ICE said Prebon is the first voice broker to use its digital infrastructure in this manner.

“Partnering with Prebon is in perfect alignment with Intercontinental’s objectives of increasing speed, accuracy and transparency in the OTC markets. We will provide Prebon’s customers with timely trade confirmations that are the hallmark of our eConfirm platform,” said Jeffrey Sprecher, Intercontinental chairman. In energy Prebon primarily trades financial products.

Prebon’s trade records will be digitally reconciled with those of its customers. Also trade data will be contributed to the expanded indices and market data being launched by the 10X Group. Currently there are 28 participant companies on eConfirm, “including some of the world’s most active energy trading firms,” the announcement said.

Intercontinental touted its database as providing “accurate, auditable price information in the timeliest and most consistent manner offered to date,” and a base for forward price curves.

Intercontinental’s eConfirm is in competition with the New York Mercantile Exchange’s electronic trading platform, part of its new Clearport network, which currently lists 34 futures and basis swap contracts and publishes the settlement prices for those contracts each afternoon on its web site.

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