ICE Announces Launch of Dutch TTF Natural Gas Futures Contract
By Intercontinentalexchange Inc., PRNEThursday, February 11, 2010
LONDON, February 12 - IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of global
regulated futures exchanges, clearing houses and over-the-counter (OTC)
markets, today announced that on 15 March 2010, ICE Futures Europe will
launch a new natural gas futures contract based on the Title Transfer
Facility (TTF) in the Netherlands. The Dutch TTF Natural Gas futures contract
will trade alongside ICE's U.K. NBP Natural Gas futures contract, bringing
together two of the most liquid European gas hubs on a single, globally
distributed platform for the first time. The ICE NBP Natural Gas futures
contract is the leading benchmark for U.K. natural gas, with record volume in
excess of 2.7 million contracts in 2009.
(Logo: www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO )
David Peniket, President and COO of ICE Futures Europe, said: "TTF in the
Netherlands has emerged as a leading continental natural gas hub over the
past two years. As the leading energy derivatives exchange in Europe, ICE
aims to bring new liquidity to this important marketplace by providing buyers
and sellers of natural gas more effective and efficient tools to manage their
price risk."
The ICE TTF Natural Gas futures contract will consist of a series of
twelve consecutive months, six quarters, eight seasons and four years settled
by way of physical delivery through the transfer of rights at TTF, and priced
in Euros and Euro cents per Megawatt hour. Margin offsets will be available
against ICE NBP Natural Gas futures.
About IntercontinentalExchange
IntercontinentalExchange(R) (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(R) hosts trade in half of the world's crude and refined oil futures.
ICE Futures U.S.(R) and ICE Futures Canada(R) list agricultural, currencies
and Russell Index markets. ICE(R) 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/
The following are trademarks of IntercontinentalExchange, Inc. and/or its
affiliated companies: IntercontinentalExchange, IntercontinentalExchange &
Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe,
ICE Futures U.S., ICE Trust, ICE Clear Europe, ICE Clear U.S., ICE Clear
Canada, The Clearing Corporation, U.S. Dollar Index, ICE Link and Creditex.
All other trademarks are the property of their respective owners. For more
information regarding registered trademarks owned by
IntercontinentalExchange, Inc. and/or its affiliated companies, see
https://www.theice.com/terms.jhtml
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.
Media & Investor: Kelly Loeffler, VP, Investor Relations & Corp. Communications, +1-770-857-4726, kelly.loeffler at theice.com; Sarah Stashak, Director, Investor & Public Relations, +1-770-857-0340, sarah.stashak at theice.com, both of IntercontinentalExchange
Tags: Intercontinentalexchange Inc., London, United Kingdom