IntercontinentalExchange Issued U.S. Patent for Electronic Trade Matching and Confirmation Technology

ATLANTA, Aug. 30, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that the United States Patent and Trademark Office has issued it a patent for the business process that underpins ICE eConfirm, the company's electronic trade confirmation service.

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The patent (No. 8,005,743) covers the design of a computer system that matches and categorizes trades between a trader and counterparty based on the electronically submitted trade details. Additional aspects of the patent include translation of data values to those in a master database, electronic confirmation of trades governed by a master agreement, and a matching engine that compares and categorizes broker trade confirmations. These business methods constitute the foundation of ICE eConfirm, which has matched and confirmed more than 11 million trades since its launch in 2002.

"This patent recognizes ICE's leadership in pairing technology with workflow enhancements to improve derivatives transaction processing and transparency," said David Goone, Senior Vice President and Chief Strategic Officer. "Commodity market participants have benefited from the significant improvements in efficiencies brought about by ICE eConfirm over the last decade. We are pleased that this patent will help us protect ICE's intellectual property and enable us to build out additional services for the industry."

ICE eConfirm will serve as the front-end application for the ICE Trade Vault swap data repository (SDR) under the Dodd-Frank Act, and is slated to launch in early 2012. The combination of ICE Trade Vault and ICE eConfirm will streamline reporting by employing processes and systems already in use by the industry. Participants in the commodity markets will be able to use ICE eConfirm to submit non-cleared trades and end-user clearing exemptions in order to comply with new reporting requirements.

"The patented functionality makes ICE Trade Vault a compelling extension of our trade confirmation service for our customers," said Bruce Tupper, ICE Trade Vault Vice President. "Customers will benefit from a cost-effective solution that relies on superior technology and enables seamless integration into existing workflows."

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-CORP

SOURCE IntercontinentalExchange

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