ICE CDS Clearing Reaches US$5 Trillion on a Global Basis; ICE Clear Europe Crosses euro 1 Trillion

By Intercontinentalexchange, PRNE
Sunday, January 24, 2010

ATLANTA, January 25 - IntercontinentalExchange (NYSE: ICE), a leading operator of regulated
global futures exchanges, clearing houses and over-the-counter (OTC) markets,
announced that cumulative gross notional value cleared by its credit default
swap (CDS) clearing houses surpassed US$5 trillion during the week ending
January 22. The exchange also announced that ICE Clear Europe's CDS clearing
house exceeded euro 1 trillion in cumulative gross notional value cleared.

(Logo: www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO )

"As we approach the one-year mark for CDS clearing, five trillion dollars
in CDS cleared is an important milestone in the reduction of systemic risk,
and a significant technical achievement," said ICE Chairman and CEO Jeffrey
C. Sprecher
. "We are clearing a range of CDS indexes and single-names in the
U.S. and Europe, which is an accomplishment we share with clearing members,
buy-side participants and regulators. Our stress-tested risk management
platform, including a complete segregation and portability framework, is
backed by a US$3 billion guarantee fund dedicated to CDS."

ICE Clear Europe began processing European CDS indices (iTraxx) in July
2009
and single-name instruments in December. Through the week ending January
22
, ICE Clear Europe cleared 1 trillion euro (US$1.5 trillion) in iTraxx
indices and over euro 32 billion (US$45 billion) in single name instruments.
ICE Clear Europe currently offers CDS clearing for 16 European single name
instruments and will significantly expand single name products cleared in the
coming weeks. Open interest for iTraxx indices and single-name CDS was euro
89 billion
and euro 27 billion, respectively.

ICE's North American CDS clearing house, ICE Trust, began clearing North
American CDS indices (CDX) in March 2009, and was the first clearing house to
process CDS transactions. ICE Trust began clearing single-name instruments in
December. Through January 22, ICE Trust cleared over US$3.5 trillion in CDX
and US$10.3 billion in single names, resulting in US$234 billion and US$7
billion
in open interest, respectively.

In December, ICE Trust began clearing CDS indexes for buy-side market
participants, bringing trade-date clearing to the CDS market for the first
time, and providing segregation of customer funds, as well as position and
margin portability. ICE Clear Europe expects to announce the availability of
CDS buy-side clearing in the near future, subject to regulatory approval. ICE
Trust and ICE Clear Europe also expect to offer buy-side clearing for
single-name instruments in the first quarter, subject to regulatory approval.

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, 2008, as filed with the SEC on February 11, 2009.

Kelly Loeffler, VP, Investor Relations & Corp. Communications, +1-770-857-4726, kelly.loeffler at theice.com, or Sarah Stashak, Director, Investor & Public Relations, +1-770-857-0340, sarah.stashak at theice.com, both of IntercontinentalExchange

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