Intercontinentalexchange

Commodity trading exchanges are continuing to weather the 2008-2009 recession, but Atlanta-based IntercontinentalExchange (ICE), operator of regulated global futures exchanges, clearinghouses and over-the-counter (OTC) markets, recorded volume growth June-over-June while Chicago-based CME Group, which bills itself as the world’s largest and most diverse derivatives exchange, reported a volume decrease, according to data provided by the rivals.

Commodity trading exchanges are continuing to weather the 2008-2009 recession, but Atlanta-based IntercontinentalExchange (ICE), operator of regulated global futures exchanges, clearinghouses and over-the-counter (OTC) markets, recorded volume growth June-over-June while Chicago-based CME Group, which bills itself as the world’s largest and most diverse derivatives exchange, reported a volume decrease, according to data provided by the rivals.

The Commodity Futures Trading Commission (CFTC) has issued a notice of intent and called for comments on a proposed determination that IntercontinentalExchange’s Henry Hub lookalike contract, the Henry Financial LD1 Fixed Price contract, qualifies as a significant price discovery contract (SPDC) in the natural gas market and therefore should be subject to reporting rules and position limits applicable to designated contract markets such as Henry Hub futures contracts offered by the New York Mercantile Exchange (Nymex).

The Commodity Futures Trading Commission (CFTC) has issued a notice of intent and called for comments on a proposed determination that IntercontinentalExchange’s Henry Hub lookalike contract, the Henry Financial LD1 Fixed Price contract, qualifies as a significant price discovery contract (SPDC) in the natural gas market and therefore should be subject to reporting rules and position limits applicable to designated contract markets such as Henry Hub futures contracts offered by the New York Mercantile Exchange (Nymex).

IntercontinentalExchange (ICE) has listed the Pine Prairie gas storage facility in Evangeline Parish, LA, as a gas market hub on the ICE over-the-counter (OTC) trading platform.

Atlanta-based IntercontinentalExchange (ICE), a leading operator of global futures exchanges, announced that ICE US Trust LLC, a New York limited liability trust company, began processing and clearing credit default swap (CDS) index transactions last Monday.

Atlanta-based IntercontinentalExchange (ICE), a leading operator of global futures exchanges, announced that ICE US Trust LLC, a New York limited liability trust company, began processing and clearing credit default swap (CDS) index transactions Monday.

IntercontinentalExchange (ICE) announced that beginning Monday, Feb. 9 it will offer clearing services for physical natural gas products at three additional points — Columbia Gulf Onshore, Columbia Gulf Mainline and Tennessee 500 Leg — through its exclusive alliance with Natural Gas Exchange (NGX). ICE already has 10 clearable locations at the Henry Hub, Malin, PGE Citygate, Demarc, NGPL-TEXOK, NGPL-Midcont, Panhandle, TCO, Dominion-South. and Transco Stn 65. The clearing services offered by NGX are an extension of ICE’s standard bilateral trading capabilities, which will remain unchanged. Similar to the cleared financial markets functionality, both cleared and bilateral orders will be displayed in the same price stream. There will be a fundamental change to the hours of operation for these new clearable markets. Trading hours will be 7:30 a.m. EST to noon EST for all Next Day and Balance of Month products. To use the physical clearing, traders will first need to establish an account with NGX. ICE first introduced cleared financial gas products (Henry Hub Swap) to the industry in 2002 and paper basis a short time later. ICE said the success of using a central counterparty to clear and settle transactions led to the strategic alliance between ICE and NGX. Traders are advised to contact ICEHELPDESK at (770) 738-2101 with technical issues.

Global trading exchange competitors Atlanta-based IntercontinentalExchange (ICE) and Chicago-based CME Group saw very different Novembers as ICE recorded a 8.9% average daily volume (ADV) increase from November 2007, while CME posted a 29% drop when comparing the same two months.