Intercontinentalexchange

The American Public Gas Association (APGA), a longtime critic of the opaqueness of over-the-counter (OTC) energy trading, on Monday praised a move by the IntercontinentalExchange (ICE) to voluntarily report trade information to the Commodity Futures Trading Commission (CFTC).

Electronic energy marketplace IntercontinentalExchange (ICE) said late Friday it has consummated its $1 billion-plus merger with the New York Board of Trade (NYBOT), the 100-year-old open outcry exchange for sugar, coffee, cocoa, cotton and other commodities and financial products. The transaction consideration comprised 10.297 million shares of ICE common stock and $400 million in cash.

Business was booming in the trading exchange market in 2006 as evidenced by volume records from some of the major energy exchanges. Following IntercontinentalExchange’s (ICE) record volume announcement earlier in the month, the New York Mercantile Exchange Inc. (Nymex) announced last Tuesday that it set an annual total volume record of 276,152,326 contracts in 2006, crushing the previous record of 204,610,365 contracts set in 2005.

Electronic energy marketplace IntercontinentalExchange (ICE) said late Friday that it has consummated its $1 billion-plus merger with the New York Board of Trade (NYBOT), the 100-year-old open outcry exchange for sugar, coffee, cocoa, cotton and other commodities and financial products. The transaction consideration comprised 10.297 million shares of ICE common stock and $400 million in cash.

Business was booming in the trading exchange market in 2006 as evidenced by volume records from some of the major energy exchanges. Following IntercontinentalExchange’s (ICE) record volume announcement last week, the New York Mercantile Exchange Inc. (Nymex) announced Tuesday that it set an annual total volume record of 276,152,326 contracts in 2006, crushing the previous record of 204,610,365 contracts set in 2005.

Electronic energy marketplace IntercontinentalExchange (ICE) last week reported annual volume and commission records in its futures and over-the-counter (OTC) businesses. For the ninth consecutive year, the Atlanta-based company reported that ICE Futures — the company’s futures business segment — established an annual volume record, with traded contract volume in 2006 exceeding the previous record set in 2005 by more than 120%.

Electronic energy marketplace IntercontinentalExchange (ICE) on Wednesday reported annual volume and commission records in its futures and over-the-counter (OTC) businesses. For the ninth consecutive year, the Atlanta-based company reported that ICE Futures — the company’s futures business segment — established an annual volume record, with traded contract volume in 2006 exceeding the previous record set in 2005 by more than 120%.

With Nymex floor trading closed Tuesday in remembrance of former President Gerald R. Ford, electronic trading of natural gas futures on IntercontinentalExchange (ICE) and Globex was light, as many traders chose to extend the New Year’s Day holiday weekend by an extra day. In electronic Globex trading, the February contract put in a low of $6.100 and was trading at the day’s $6.309 high late Tuesday, up a penny from Friday’s $6.299 close.

Electronic energy marketplace IntercontinentalExchange (ICE) continued its busy week Wednesday in announcing that it has licensed office space at 2 World Financial Center in the downtown financial district of New York City. The company said the offices will serve as a “state-of-the-art” electronic trading center that will provide access to ICE’s electronic markets as well as host training and marketing activities.