ICE Clear Europe Launches Single-Name CDS Clearing; Nomura and BNP Paribas Join as CDS Clearing Members

LONDON, December 14 - IntercontinentalExchange(R) (NYSE: ICE), a leading operator of regulated
global futures exchanges, clearing houses and over-the-counter (OTC) markets,
announced that ICE Clear Europe has launched clearing services for
single-name credit default swap (CDS) contracts after receiving regulatory
approval in the U.K. The first tranche of single name CDS references
companies in the European utility sector. ICE also announced that BNP Paribas
and Nomura have been approved as CDS clearing members of ICE Clear Europe and
are actively clearing as of this week. ICE Clear Europe now has 13 CDS
clearing members.

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Said Paul Swann, President of ICE Clear Europe: "We are pleased to
announce the successful launch of single name clearing on behalf of our
clearing participants. This capability complements numerous industry
initiatives underway to restructure the market and enables the reduction of
counterparty credit risk. Together these steps promote the recovery of the
CDS markets and the global lending markets."

Single-name CDS instruments reference individual corporate or sovereign
government debt instruments. ICE has developed a proprietary risk assessment
methodology specifically for single-name CDS contracts. This methodology
complements the risk assessment methodology employed in clearing CDS indexes,
in recognition of the unique risk profile of single-name contracts. ICE's
methodology was reviewed and validated by an independent risk management
consultancy as part of the regulatory approval process.

The risk assessment methodology is relied upon to determine initial
margin, variation margin and guaranty fund requirements. This customized risk
management model, together with ICE's industry-leading process to utilize
executable pricing to provide the critical daily settlement prices of
single-name contracts, is the cornerstone of its risk management framework.

On a global basis, ICE has cleared over US$4.3 trillion in notional value
of CDS indexes and has aggregate open interest of US$343 billion. ICE Clear
Europe's CDS clearing commenced in July 2009 with European index (iTraxx)
contracts, and has cleared more than 800 billion euro in notional. ICE Trust,
ICE's U.S. CDS clearing house, launched in March and has cleared more than
US$3.1 trillion in notional of North American index (CDX) contracts to date.
CDX and iTraxx indexes consist of 125 North American companies and 125
European-based companies, respectively. The single-name reference entities
cleared by ICE are components of these indexes.

ICE has established CDS risk frameworks for ICE Trust and ICE Clear
Europe that are separate from its futures businesses, including separate risk
models, guaranty funds and margin accounts, as well as a CDS-focused risk
management system and an independent governance structure. Through ICE's CDS
clearing services, ICE is providing a common infrastructure to global CDS
market participants within their respective regulatory jurisdictions, while
leveraging the legal framework, operational and risk management processes,
treasury systems and trade warehousing systems currently in use by the
industry.

About IntercontinentalExchange

IntercontinentalExchange(R) (NYSE: ICE) operates leading regulated
exchanges, trading platforms and clearing houses serving the global markets
for agricultural, credit, currency, emissions, energy and equity index
markets. 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, currency and Russell Index markets. ICE offers trade execution
and processing for the credit derivatives markets through Creditex and ICE
Link(TM), respectively, and CDS clearing through ICE Trust(TM) and ICE Clear
Europe(R). A component of the Russell 1000(R) and S&P 500 indexes, ICE(R)
serves customers in more than 50 countries and is headquartered in Atlanta,
with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and
Singapore. www.theice.com

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.

Editors Note:

About Nomura

Nomura is a leading financial services group and the preeminent
Asian-based investment bank with worldwide reach. Nomura provides a broad
range of innovative solutions tailored to the specific requirements of
individual, institutional, corporate and government clients through an
international network in over 30 countries. Based in Tokyo and with regional
headquarters in Hong Kong, London, and New York, Nomura employs about 26,000
staff worldwide. Nomura's unique understanding of Asia enables the company to
make a difference for clients through five business divisions: retail, global
markets, investment banking, merchant banking, and asset management. For
further information about Nomura, please visit www.nomura.com.

About BNP Paribas

BNP Paribas (www.bnpparibas.com) is one of the 6 strongest banks in the
world according to Standard & Poor's*. With a presence in 85 countries and
more than 205,000 employees, 165,200 of which in Europe, BNP Paribas is a
global-scale European leader in financial services. It holds key positions in
its three activities: Retail banking, Investment Solutions and Corporate &
Investment Banking. The Group benefits from its four domestic markets:
Belgium, France, Italy and Luxembourg. BNP Paribas also has a significant
presence in the United States and strong positions in Asia and the emerging
markets. * Within its peer group

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