YellowJacket Introduces Negotiated Equity Options on its Industry-leading IM Platform

NEW YORK, April 29 /PRNewswire-FirstCall/ -- YellowJacket, a subsidiary of IntercontinentalExchange (NYSE: ICE) and the leading instant message (IM) trade negotiation service, has expanded its capabilities to the equity markets following completion of a successful beta test by key equity options market participants. YellowJacket is widely deployed among traders and brokers in the global over-the-counter (OTC) commodity derivatives markets and has leveraged its proven technology to serve equity options markets. YellowJacket's platform is designed to meet the most demanding security, data control and compliance requirements.

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YellowJacket's market-leading IM functionality allows customers to transact with counterparties using existing IM identities. In addition, YellowJacket's quote recognition technology extracts data from individual IM conversations and consolidates this information in a customizable view, allowing customers to quickly filter broker markets and view real-time alerts based on certain parameters.  Addressing the specific needs of options market traders, YellowJacket analytics sends components of quoted options strategies via an API to third-party or proprietary pricing systems, allowing customers' models to return theoreticals and greeks to the YellowJacket screen in real-time.

YellowJacket offers an open and secure architecture, with leading message logging and archiving, integration with major compliance service providers, and robust enterprise controls. More information is available at www.theice.com/yj.

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 55 countries. www.theice.com 

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., ICE Trust, ICE Clear Europe, ICE Clear U.S., ICE Clear Canada, YellowJacket, The Clearing Corporation, U.S. Dollar Index, ICE Link and Creditex. 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

SOURCE IntercontinentalExchange: Corporate - CORP