Intercontinentalexchange

A little more than a month after the company filed a registration statement for a secondary offering of common stock (see Daily GPI, June 19), IntercontinentalExchange (ICE) announced Tuesday the pricing of the 8,000,000 shares of common stock in the secondary offering at $56/share.

As the power struggle for market-share supremacy in the electronic energy trading platform arena continues to heat up, IntercontinentalExchange (ICE) and the New York Mercantile Exchange Inc. (Nymex) reported Friday that record volumes of trading were achieved on Thursday. The increased activity across the energy complex was sparked by petroleum supply concerns due to escalating violence in the Middle East, a Nigerian crude pipeline blast and a major refinery fire in Venezuela.

As the power struggle for marketshare supremacy in the electronic energy trading platform arena continues to heat up, IntercontinentalExchange (ICE) and the New York Mercantile Exchange Inc. (Nymex) reported Friday that record volumes of trading were achieved on Thursday. The increased activity across the energy complex was sparked by petroleum supply concerns due to escalating violence in the Middle East, a Nigerian crude pipeline blast and a major refinery fire in Venezuela.

In an effort to improve access and reduce connectivity costs to its electronic energy trading platform, Atlanta, GA-based IntercontinentalExchange (ICE) reported Wednesday it has opened a new telecommunications hub for the New York City metropolitan area. The company also reported that the exchange posted record Gas Oil (heating oil) volumes on Monday.

IntercontinentalExchange (ICE) reported Wednesday that its year-long technology development effort aimed at enhancing the performance of its electronic platform for commodities trading was a success, noting that the platform’s processing speed improved 1,700% over the course of the program.

Electronic energy marketplace IntercontinentalExchange (ICE) said Friday that ICE Futures, its regulated futures subsidiary, achieved an exchange-wide daily volume record on Thursday. The Atlanta-based company reported that total volume in ICE Futures markets reached 430,939 contracts, surpassing the April 25 record of 407,303 contracts by 5.8%. Total open interest stood at 948,239 contracts, up 46.2% compared to 648,585 contracts at December 31, 2005. ICE Futures, which is the home of the benchmark Brent Crude futures contract, introduced the fully electronic WTI Crude futures contract in February of this year.

With news last week that the New York Mercantile Exchange (Nymex) had teamed with the Chicago Mercantile Exchange (CME) in an electronic energy trading venture, the IntercontinentalExchange (ICE), which arguably stands the most to lose from the deal, said Friday that it will continue to expand its energy offerings.

As the IntercontinentalExchange (ICE), the New York Mercantile Exchange Inc. (Nymex) and Canada’s Natural Gas Exchange (NGX) continue to compete for energy trading market share, there is the very real possibility that the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT) could throw their respective hats into the ring in the not-so-distant future.

As the IntercontinentalExchange (ICE), the New York Mercantile Exchange Inc. (Nymex) and Canada’s Natural Gas Exchange (NGX) continue to compete for energy trading market share, there is the very real possibility that the Chicago Mercantile Exchange (CME) could throw its hat into the ring in the not-so-distant future.