LONDON, March 2, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced the authorisation by Brazil's financial regulator, the Comissao de Valores Mobiliarios (CVM), to provide access to ICE Futures Europe products via ICE's trading screens in Brazil.
Direct access and Membership will be restricted to intermediary firms authorized by the CVM, and those accessing ICE Futures Europe's electronic markets as clients may only do so if they are qualified investors and are executing via an approved Brazilian intermediary. ICE Futures U.S. has been approved to provide screen-based access to its markets in Brazil since October 2009.
Said David Peniket, President and COO of ICE Futures Europe: "We continue to pursue new jurisdictions to broaden our customer base and to access new markets. Brazil is one of the world's most dynamic economies and an increasingly important producer of crude oil. We are delighted to be able to respond to demand for ICE products, particularly given the increased reliance on the benchmark ICE Brent Crude Oil futures contract."
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.
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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, 2010, as filed with the SEC on February 9, 2011.