ICE Starts 3 New Cleared OTC North American Nat. Gas Contracts Based on Platts

Jan 25, 2010, 09:00 ET from Platts

NEW YORK, Jan. 25 /PRNewswire/ -- Platts -- IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets today introduces three new cleared OTC North American natural gas contracts based on Platts' price assessments.

The new cleared OTC contracts based on Platts natural gas price data available beginning January 25 are:

  • Platts IF ONEOK Gas Transportation Gas Basis Swap (ONE)
  • Platts IF Algonquin Citygates Gas Basis Swap (ALQ)
  • Platts IF Trunkline, LA Basis Swap (TRL)

With this announcement, the total number of ICE contracts based on Platts natural gas price assessments is 71.

Platts is a leading global energy and metals information provider and a top publisher of global benchmark price references since 1909. In addition to natural gas, Platts provides information on supply, demand and shipping across the full spectrum of energy commodities including liquefied natural gas, crude oil, petroleum-based products, petrochemicals, coal, nuclear power, electricity, carbon emissions, biofuels, iron ore and the steel and metals complex.

Methodology for Platts' natural gas price assessment processes can be found at this link: http://www.platts.com/MethodologyAndSpecifications.aspx?commodity=NaturalGas.

Contract specifications and a full list of ICE's cleared OTC contracts can be found at www.theice.com/markets_otc.jhtml.

For more information on natural gas visit the Platts website at www.platts.com.

*Platts does not sponsor, endorse, promote or sell ICE contracts.

About Platts: Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and commodities information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical, shipping, and metals markets from 17 offices worldwide. Platts' real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com.

About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, Platts, Capital IQ, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at www.mcgraw-hill.com.

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