ICE Announces Launch of 21 New OTC Emissions Contracts

News provided by

IntercontinentalExchange

Aug 08, 2011, 12:40 ET

ATLANTA, Aug. 8, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 21 new OTC North American emissions contracts. All of the new forward contracts will be available for the trade date of Monday, August 29, 2011, and options will be available Monday, September 19, 2011.

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The new contracts are:

  • Climate Action Reserve Forward
  • Climate Action Reserve Forward Options
  • Carbon Financial Instrument, United States, Forward
  • Carbon Financial Instrument United States, Forward Options
  • Connecticut Compliance Renewable Energy Certificates Class 1 Forward
  • Massachusetts Compliance Renewable Energy Certificates Class 1 Forward
  • New Jersey Compliance Renewable Energy Certificates Class 1 Forward
  • Regional Greenhouse Gas Initiative Forward
  • Regional Greenhouse Gas Initiative Forward Options
  • Sulfur Financial Instrument Forward
  • Sulfur Financial Instrument Forward Options
  • Cross State Air Pollution Rule TR SO2 Group 1 Allowance Forward
  • Cross State Air Pollution Rule TR SO2 Group 1 Allowance Forward Options
  • Cross State Air Pollution Rule TR SO2 Group 2 Allowance Forward
  • Cross State Air Pollution Rule TR SO2 Group 2 Allowance Forward Options
  • Cross State Air Pollution Rule TR NOx Annual Allowance Forward
  • Cross State Air Pollution Rule TR NOx Annual Allowance Forward Options
  • Cross State Air Pollution Rule TR NOx Ozone Season Allowance Forward
  • Cross State Air Pollution Rule TR NOx Ozone Season Allowance Forward Options
  • California Carbon Allowance Forward
  • California Carbon Allowance Forward Options

With the products announced today, ICE will offer more than 550 cleared OTC energy contracts, including more than 455 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008. 

ICE Clear Europe enables the efficient development of new products to support the risk management needs of member firms and customers in ICE's global energy futures and OTC markets. In 2002, ICE pioneered the concept of cleared OTC energy contracts, which provide participants with access to centralized clearing and settlement arrangements while reducing bilateral credit risk and capital required for each OTC trade.

About IntercontinentalExchange

IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com  

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe and ICE Clear Europe. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2010, as filed with the SEC on February 9, 2011 and ICE's Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, as filed with the SEC on August 3, 2011.

ICE-ENGY

SOURCE IntercontinentalExchange

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