ATLANTA, Jan. 19 /PRNewswire-FirstCall/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, has been named Derivatives Exchange of the Year for 2009 by Risk magazine, a leading financial risk management publication. 2009 is the third consecutive year ICE has received the honor, and the fourth year since 2005.
An editorial panel at Risk selected ICE as part of its annual awards. Among the factors considered were innovation, infrastructure, systems and organization, client service and risk management. In particular, Risk recognized ICE's achievements and leadership in credit derivatives clearing. In March 2009, ICE Trust, ICE's North American credit default swaps (CDS) clearing house, became the first clearing house to process CDS transactions, followed by ICE Clear Europe in July. In December, both clearing houses began processing single-name instruments, and ICE Trust began clearing trades for buy-side customers. The award was announced in Risk's January 2010 issue.
Jeffrey C. Sprecher, ICE Chairman and Chief Executive Officer, 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 Risk, and we look forward to introducing additional customer-focused risk management services in 2010."
The 2009 Risk award article can be viewed in its entirety on the ICE website at http://ir.theice.com/press-awards.cfm?Year=2010.
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
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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, 2008, as filed with the SEC on February 11, 2009.