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Date: Fri, 11 Jan 2002 11:20:35 -0800 (PST)
From: feedback@intcx.com
To: iceuserslist@list.intcx.com
Subject: Strong Take Off for IntercontinentalExchange in 2002
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Strong Take Off for IntercontinentalExchange in 2002                       =
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                        =20
ICE trades top $4.3 billion on January 9th                                 =
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                        =20
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Atlanta, GA (January 11, 2002) - IntercontinentalExchange (ICE), one of the=
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world's most liquid and fastest growing commodity marketplaces, is off to a=
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                        =20
great start in 2002 with notional value of trades done on Wednesday January=
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9th topping $4.3 billion, which is an amazing seventy-five percent increase=
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                        =20
over December's average of approximately $2.5 billion, which was the record=
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                        =20
month for the year 2001.                                                   =
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                        =20
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"While ICE already experienced incredible growth in 2001 with a 15 fold    =
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                        =20
increase in number of trades executed on our platform compared to last year=
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the start of the New Year is proving again that we have a very strong      =
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                        =20
platform that perfectly fits the demands of the current market," said      =
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Jeffrey Sprecher, CEO of IntercontinentalExchange.                         =
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                        =20
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                        =20
"With the recent addition of many new trading participants and the plans we=
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                        =20
have in store for the addition of OTC clearing to provide credit           =
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amelioration that the market desperately desires, we are looking forward to=
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                        =20
even stronger growth in the new year," Sprecher added.                     =
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                        =20
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As an open-access, multi-lateral electronic marketplace,                   =
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IntercontinentalExchange has built a strong track record of offering       =
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                        =20
increased liquidity and transparency to OTC market participants.  500 of th=
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world"s largest commodity trading firms are now ICE participants and the IC=
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electronic trading system is installed on over 8,500 desktops worldwide.   =
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                        =20
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                        =20
About IntercontinentalExchange                                             =
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                        =20
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IntercontinentalExchange is one of the world's most liquid and fastest     =
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growing commodity marketplaces, owned by over 100 of the world"s leading   =
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                        =20
energy and metals traders, brokers and bankers.                            =
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                        =20
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The ICE electronic trading system is installed on over 8,500 desktops      =
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                        =20
worldwide from which traders log on each day of the business week to trade =
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more than 600 listed commodity and derivative contract types.  Broadly,    =
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these include crude oil and refined products, natural gas, power, precious =
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metals, weather derivatives, and emissions allowances.  Contract forms     =
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                        =20
include physical delivery as well as financially settled swaps, spreads,   =
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differentials and options based on a variety of fixed and floating price   =
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Based in Atlanta (and with offices in New York, Houston, Chicago, London an=
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Singapore), ICE is taking the technological revolution that occurred in    =
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international financial markets and extending it into global commodity     =
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markets.                                                                   =
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                        =20
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IntercontinentalExchange is the owner of the International Petroleum       =
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                        =20
Exchange of London (IPE), Europe"s leading energy futures and options      =
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                        =20
exchange.  The IPE provides highly regulated open outcry and electronic    =
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                        =20
marketplaces where industry participants use futures and options to minimiz=
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                        =20
their price risk exposure in the physical energy market.                   =
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Products traded on IPE include Brent Crude futures and Options, Gas Oil    =
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futures and Options, Natural Gas futures and Electricity (baseload) futures=
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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                        =20
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