IntercontinentalExchange Completes Trading and Clearing Transition for ICE Endex Futures Markets

LONDON and AMSTERDAM, Oct. 8, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses today announced the completion of the trading and clearing transition for the ICE Endex futures markets to the ICE trading platform and ICE's European clearing house, ICE Clear Europe.

As of October 7, 2013, ICE Endex European natural gas and power futures and options contracts now trade on ICE's front end trading screen, WebICE, alongside ICE's portfolio of 800 energy contracts.

The transition involved 123 trading firms and 15 clearing member firms with approximately 466,983 contract sides and €90 million margin being transferred to ICE Clear Europe. Guaranty fund contributions in respect of ICE Endex derivatives contracts are included in the ICE Clear Europe futures and options guaranty fund, which is currently set at U.S. $1.2 billion.

Pieter Schuurs, President, ICE Endex said: "ICE Endex would like to thank clients and clearing members for their hard work in successfully completing this transition. With ICE Endex futures contracts migrated to ICE's technological infrastructure, we are well positioned to serve market participants with best-in-class trading and clearing solutions."

Open interest for ICE Endex TTF natural gas futures and ICE Futures Europe TTF natural gas futures was combined following the migration to ICE Clear Europe, creating a greater liquidity pool and the largest on-exchange TTF futures contract. 

The migration of clearing for the ICE Endex futures markets is the second significant transition undertaken by ICE Clear Europe this year and follows the migration of the NYSE Liffe's London derivatives market in July.

ICE Clear Europe is one of the largest derivatives clearing houses globally and provides clearing services for energy, emissions, agricultural, credit, interest rates, bonds, and equity derivatives. ICE Clear Europe currently has 79 members and is on track to be compliant with the European Market Infrastructure Regulation in early 2014.

ICE Endex is owned by IntercontinentalExchange (ICE) and NV Nederlandse Gasunie (Gasunie), a leading European gas infrastructure company. The company launched in March this year when ICE and Gasunie acquired the spot gas and derivatives business of former APX-ENDEX. ICE Endex is the home of Europe's natural gas trading hub; the Title Transfer Facility (TTF) Virtual Trading Point in the Netherlands. The exchange provides regulated, transparent and widely accessible continental European markets for trading natural gas and power derivatives, gas balancing markets and gas storage services and is based in Amsterdam, the Netherlands and Nottingham, U.K. 

About IntercontinentalExchange

IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated exchanges and clearing houses serving the risk management needs of global markets for agricultural, credit, currency, emissions, energy and equity index products. www.theice.com  

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Futures U.S., and ICE OTC. 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, 2012, as filed with the SEC on February 6, 2013.

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SOURCE IntercontinentalExchange

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