Marketplace

Electronic energy marketplace and soft commodity exchange IntercontinentalExchange Inc. (ICE) said Wednesday it posted record quarterly consolidated net income for 1Q2007 due to strong volume at ICE Futures, the company’s UK futures business segment; at the Board of Trade of the City of New York Inc. (NYBOT), ICE’s U.S. futures business segment; in ICE’s global over-the-counter (OTC) business segment; and in the company’s market data business segment, which now includes the NYBOT market data business. The company nearly tripled its net income to $55.6 million for 1Q2007, an increase in quarterly earnings of 183% compared to $19.7 million in net income recorded for 1Q2006.

Energy companies need to be proactive in policing the marketplace behavior of their employees, and when they find legal or ethical problems they need to be forthright in self-reporting transgressions to FERC, according to a Washington, DC, energy attorney who has closely analyzed the expanded federal enforcement policies granted the Commission in the 2005 Energy Policy Act (EPAct).

Energy companies need to be proactive in policing the marketplace behavior of their employees, and when they find legal or ethical problems they need to be forthright in self-reporting transgressions to FERC, according to a Washington, DC, energy attorney who has closely analyzed the expanded federal enforcement policies granted the Commission in the 2005 Energy Policy Act (EPAct).

As more trading volume swings to the electronic marketplace, Nymex Holdings, parent company of the more than 130-year-old physical energy and metals trading New York Mercantile Exchange (Nymex), is allegedly in talks with potential suitors to sell itself.

As more trading volume swings to the electronic marketplace, Nymex Holdings, parent company of the more than 130 year-old physical energy and metals trading New York Mercantile Exchange (Nymex), is allegedly in talks with potential suitors to sell itself.

Atlanta-based IntercontinentalExchange Inc. (ICE) continues to impress the financial world as the electronic energy marketplace and soft commodity exchange was just named the best performing stock over 2006 among 1,000 companies in the Wall Street Journal’s (WSJ) annual Shareholder Scoreboard. ICE also posted new volume and commission records during February.

Atlanta-based IntercontinentalExchange Inc. (ICE) continues to impress the financial world as the electronic energy marketplace and soft commodity exchange was just named the best performing stock over 2006 among 1,000 companies in the Wall Street Journal’s (WSJ) annual Shareholder Scoreboard. ICE also posted new volume and commission records during February.

During a month that saw high volatility, Atlanta-based IntercontinentalExchange (ICE) reported record activity on its online marketplace during the month of August. Average daily volume (ADV) for ICE futures, its London-based regulated futures subsidiary, totaled 406,037 contracts for an eighth consecutive monthly record, an increase of 115.1% over August 2005’s 188,757 contracts.

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.