Intercontinentalexchange

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.

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.

Third quarter earnings for commodity exchange heavyweights and rivals IntercontinentalExchange Inc. (ICE) and CME Group Inc. read like A Tale of Two Cities with ICE recording a 12% jump and CME Group posting a 16% drop in net incomes when compared to the companies’ respective 3Q2007 results. Likewise, ICE says it saw trading volumes rise in 3Q2008 over 3Q2007, while CME Group reported a small decline.

Third quarter earnings for commodity exchange heavyweights and rivals IntercontinentalExchange Inc. (ICE) and CME Group Inc. read like A Tale of Two Cities with ICE recording a 12% jump and CME Group posting a 16% drop in net incomes when compared to the companies’ respective 3Q2007 results. Likewise, ICE says it saw trading volumes rise in 3Q2008 over 3Q2007, while CME Group reported a small decline.

While participation in its energy futures markets by global energy companies remains strong, IntercontinentalExchange Inc. (ICE) is seeing principals move toward specialized products rather than crude oil and also into options because of increased intraday market volatility, Chairman Jeffrey Sprecher said in a 2Q2008 briefing on the company’s “second strongest quarter ever.” He also announced plans for a share buyback program worth up to $500 million because the board believed the company’s shares are undervalued.

While participation in its energy futures markets by global energy companies remains strong, IntercontinentalExchange Inc. (ICE) is seeing principals move toward specialized products rather than crude oil and also into options because of increased intraday market volatility, Chairman Jeffrey Sprecher said in a 2Q2008 briefing on the company’s “second strongest quarter ever.” He also announced plans for a share buyback program worth up to $500 million because the board believed the company’s shares are undervalued.

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.

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.

Electronic energy and agricultural trading platform IntercontinentalExchange (ICE) was off-line last Thursday — as was its website — for approximately three hours following an “emergency power outage,” according to the Atlanta-based commodity exchange.