Intercontinentalexchange

IntercontinentalExchange (ICE), an Atlanta-based operator of regulated futures exchanges and over-the-counter (OTC) markets, said Monday that all cleared OTC products listed on its OTC energy market will be transitioned to futures products in January. These products will continue to be traded on the ICE trading platform and cleared at ICE Clear Europe, which in 2010 was approved as a derivatives clearing organization by the Commodity Futures Trading Commission (CFTC).

The Commodity Futures Trading Commission (CFTC) Thursday approved the application of ICE Trade Vault LLC, a subsidiary of IntercontinentalExchange Inc. for provisional registration as a swap data repository, the first one to be approved under the Dodd-Frank Act of 2010.

Responding to rival exchange CME Group’s most recent letter to the Commodity Futures Trading Commission (CFTC), IntercontinentalExchange (ICE) contends that CME has “undermine[d] their argument” that the agency’s proposed expansion of conditional spot month limits for all major physical commodities would heighten the threat of price manipulation.

The CME Group’s argument for eliminating the “conditional limit” in the natural gas futures market is “significantly flawed,” said IntercontinentalExchange (ICE).

Coming in under the implementation deadline of Dodd-Frank Wall Street Reform and Consumer Protection Act rules, IntercontinentalExchange (ICE), announced Friday that ICE Trust U.S., ICE’s North American credit default swap (CDS) clearing house, would have completed its transition to a Commodity Futures Trading Commission (CFTC)-regulated Derivatives Clearing Organization (DCO) and Securities and Exchange (SEC)-regulated Securities Clearing Agency (SCA) by Saturday, July 16 (see related story).

Coming in under the implementation deadline of Dodd-Frank Wall Street Reform and Consumer Protection Act rules, IntercontinentalExchange (ICE), announced Friday that ICE Trust U.S., ICE’s North American credit default swap (CDS) clearing house, will complete its transition to a Commodity Futures Trading Commission (CFTC)-regulated Derivatives Clearing Organization (DCO) and Securities and Exchange (SEC)-regulated Securities Clearing Agency (SCA) by Saturday, July 16.

With new financial reform rules from the Commodity Futures Trading Commission (CFTC) still looming ahead, trading exchange heavyweights IntercontinentalExchange (ICE) and CME Group Inc. this month posted strong fourth quarter and full-year earnings. ICE’s 4Q2010 revenues increased by 11% from 4Q2009 to $285 million, while CME Group recorded a 14% increase to $763 million.

With new financial reform rules from the Commodity Futures Trading Commission (CFTC) still looming ahead, trading exchange heavyweights IntercontinentalExchange (ICE) and CME Group Inc. this month posted strong fourth quarter and full-year earnings. ICE’s 4Q2010 revenues increased by 11% from 4Q2009 to $285 million, while CME Group recorded a 14% increase to $763 million.

The IntercontinentalExchange (ICE ) Friday notified over-the-counter (OTC) financial gas market participants of the position limits and accountability levels it is putting in place beginning with the expiration of the September 2010 contract (Aug. 25, 2010) for seven natural gas basis swaps that were designated for the treatment by the Commodity Futures Trading Commission (CFTC).