ICE Announces March 5 Launch of 7 New Cleared OTC Contracts

ATLANTA, Feb. 16, 2012 /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 7 new cleared OTC contracts for natural gas liquids, North American natural gas, North American power, crude and refined petroleum products.

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All of the new contracts will be available for the trade date of Monday, March 5, 2012, subject to Energy Risk Committee approval and regulatory non-objection. With the products announced today, ICE will offer over 640 cleared OTC energy contracts, including more than 550 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.

The new contracts are:

Natural Gas Liquids

• Argus Far East Propane Index Balmo Swap (LLP-LMT)(1)
• Argus Propane CIF ARA Large Cargo Balmo Swap (LMU-LNY)(1)

North American Natural Gas

• Henry Fixed Price for Gas Daily Option (HHD)
• Fixed Price for Penultimate Henry Hub, 6-Month CSO Options (HMX)      

North American Power

• ERCOT N 345KV Hub Peak Monthly Options (ERN)         

Global Oil and Refined Petroleum Products

• NYH Heating Oil 2:30 PM ET Settlement vs. Platts 3:15 PM ET 2nd Month Spread Futures Assessment (HOL)(2)
• NYH RBOB 2:30 PM ET Settlement vs. Platts 3:15 PM ET 2nd Month Spread Futures Assessment (RBL)(2)

(1)  These contracts reference Argus International LPG report.

(2)  These contracts references Platts U.S. Marketscan.

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.

Editor's Note

"ARGUS", "ARGUS INTERNATIONAL LPG" and the index names stated herein are trademarks of Argus Media Limited and are used under license.  All copyrights and database rights in Argus data belong exclusively to Argus Media Limited.  Argus takes no position on the purchase and sale of exchange contracts and accept no liability in connection with any use of Argus data.

Platts, a division of The McGraw-Hill Companies, is a leading global energy, petrochemicals and metals information provider. "Platts", "Platts Inside FERC's Gas Market Report", "Platts Crude Oil Market Wire", "Platts U.S. Marketscan" and "Platts European Marketscan" are trademarks of The McGraw-Hill Companies.   Platts' data and trademarks are proprietary and are used under license. Platts does not sponsor, endorse, sell or promote exchange contracts and Platts accepts no liability for the use of Platts data in connection therewith. 

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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