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CME-Citadel JV Nears Clearing of Credit Default Swaps

Global futures exchange CME Group said Tuesday that it has passed two key regulatory hurdles to begin clearing over-the-counter (OTC) credit default swap (CDS) transactions through CMDX, a joint venture company with Chicago-based Citadel Investment Group. Regulatory reviews by the Federal Reserve Bank of New York and the Commodity Futures Trading Commission (CFTC) are complete, but CME is awaiting action by the Securities and Exchange Commission (SEC).

December 29, 2008

ICE to Launch 50 Cleared OTC Energy Contracts

As an operator of global regulated futures exchanges and over-the-counter (OTC) markets, Atlanta-based IntercontinentalExchange Inc. (ICE) said late last month it plans to introduce more than 50 additional cleared energy contracts in its OTC marketplace beginning Friday (Dec. 5) and extending into 2009.

December 1, 2008

ICE Offers More Cleared OTC Contracts to Combat Credit Concerns

As an operator of global regulated futures exchanges and over-the-counter (OTC) markets, Atlanta-based IntercontinentalExchange Inc. (ICE) said Tuesday it plans to introduce more than 50 additional cleared energy contracts in its OTC marketplace beginning Dec. 5 and extending into 2009.

November 26, 2008

ICE, NGX Open Cleared Physical Markets to OTC Broker Selection

Global exchange IntercontinentalExchange Inc. (ICE) and Natural Gas Exchange Inc. (NGX) will provide deal entry capability to energy brokers for physically cleared over the counter (OTC) natural gas contracts, they said late last week. The companies also reported that three hubs will be added for physical clearing on Aug. 5.

July 14, 2008

ICE, NGX Open Cleared Physical Markets to OTC Broker Selection

Global exchange IntercontinentalExchange Inc. (ICE) and Natural Gas Exchange Inc. (NGX) will provide deal entry capability to energy brokers for physically cleared over the counter (OTC) natural gas contracts, they said Thursday. The companies also reported that three hubs will be added for physical clearing on Aug. 5.

July 11, 2008

Nevada PUC Looks at Future Natural Gas Prices

Running counter to the continuing global fossil fuel price trends, Nevada regulators last Tuesday held a public hearing looking at future natural gas prices as part of a rate decrease request from Sierra Pacific Power Co. The utility is proposing to lower its retail gas rates 5.53% and retail power rates 4.57%.

July 7, 2008

ICE, NGX Alliance Launch Clearing for Physical Natural Gas

A global trading exchange and operator of over-the-counter (OTC) markets, IntercontinentalExchange (ICE), and Calgary-based Natural Gas Exchange Inc. (NGX), a leading energy exchange and clearinghouse, said last week they will offer clearing and settlement services for physical OTC natural gas contracts beginning Monday (March 3).

March 3, 2008

ICE, NGX Alliance Targets Monday Launch for Cleared Physical Natural Gas

A global trading exchange and operator of over-the-counter (OTC) markets, IntercontinentalExchange (ICE), and Calgary-based Natural Gas Exchange Inc. (NGX), a leading energy exchange and clearinghouse, said Wednesday they will offer clearing and settlement services for physical OTC natural gas contracts beginning Monday (March 3).

February 28, 2008

ICE Posts Another Record Earnings Year; Continues M&A Strategy

Continuing its streak of record results, Atlanta-based IntercontinentalExchange Inc. (ICE), operator of global exchanges and over-the-counter (OTC) markets, reported that its consolidated net income increased 68% to a record $240.6 million in 2007 from $143.3 million in 2006. In addition, the company reported consolidated net income for the fourth quarter of 2007 of $64.7 million, a 32% increase compared to $49 million for the fourth quarter of 2006.

February 4, 2008

ICE Posts Another Record Earnings Year; Continues M&A Strategy

Continuing its streak of record results, Atlanta-based IntercontinentalExchange Inc. (ICE), operator of global exchanges and over-the-counter (OTC) markets, reported that its consolidated net income increased 68% to a record $240.6 million in 2007 from $143.3 million in 2006. In addition, the company reported consolidated net income for the fourth quarter of 2007 of $64.7 million, a 32% increase compared to $49 million for the fourth quarter of 2006.

February 4, 2008
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