ICE Clear Europe Awarded Best OTC Clearing House at Financial News Excellence in Trading and Technology, Europe 2010 Event

Oct 07, 2010, 05:05 ET from IntercontinentalExchange

LONDON, Oct. 7 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced that ICE Clear Europe has been awarded Best OTC Clearing House by Financial News at the 8th Annual Awards for Excellence in Trading and Technology, Europe 2010, in the City of London.

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ICE Clear Europe is a leading global central counterparty clearing house, which provides clearing services for all ICE Futures Europe contracts and all swap contracts transacted in ICE's global OTC energy markets, as well as European credit default swaps (CDS).  ICE Clear Europe was established in 2008 as the first major new clearing house in the U.K. in over a century.

Paul Swann, President and COO, ICE Clear Europe said: "ICE's CDS clearing initiatives are the result of intensive collaboration and planning with customers, regulators and other market participants. We are grateful for this recognition by Financial News and we look forward to building upon our customer-focused risk management services."

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.  

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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, 2009, as filed with the SEC on February 10, 2010.

SOURCE IntercontinentalExchange