ICE Clear Europe Marks the One-Year Anniversary of European CDS Clearing; Euro 3 Trillion in Gross Notional Value Cleared

By Intercontinentalexchange Cds - Cds, PRNE
Tuesday, July 27, 2010

LONDON, July 28, 2010 - IntercontinentalExchange (NYSE: ICE), a leading operator of regulated
global futures exchanges, clearing houses and over-the-counter (OTC) markets,
marked the one-year anniversary of the launch of credit default swap (CDS)
clearing by ICE Clear Europe, ICE's London-based derivatives clearing house.

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

ICE Clear Europe began clearing European CDS indexes (iTraxx) on 27 July
2009
, and added clearing for single-name CDS in December 2009. Through 23
July 2010
, ICE Clear Europe cleared euro 3 trillion (US$4.1 trillion) in
gross notional value on more than 130,000 transactions, covering 26 CDS
indexes and 101 single-name reference entities. Open interest for European
instruments currently stands at euro 397 billion.

"With euro 3 trillion cleared in its first year of operations, ICE's
launch of CDS clearing in Europe is a significant first step toward the
mitigation of systemic and counterparty risk," said Paul Swann, President and
COO of ICE Clear Europe. "As we prepare for the launch of clearing services
for sovereign CDS and the extension of clearing to buy-side customers in the
months ahead, we look forward to increasing levels of stability and
transparency in the credit derivatives markets."

ICE Clear Europe began operations in November 2008 as London's first
major derivatives clearing house in over a century, and initially cleared
ICE's futures and OTC energy markets. ICE Clear Europe then established a
separate risk pool for clearing CDS instruments, including segregated
guaranty fund and margin accounts, as well as a dedicated risk management
system and governance structure. ICE Clear Europe launched with 10 CDS
clearing members and today has 14.

Together with ICE Trust U.S. (ICE Trust), ICE Clear Europe is bringing a
common infrastructure to global CDS market participants within their
respective regulatory jurisdictions, while leveraging clearing systems and
risk management processes relied upon by the industry.

Additional information about ICE Trust and ICE Clear Europe CDS clearing
is available at https://www.theice.com/ice_trust.jhtml and
https://www.theice.com/clear_europe_cds.jhtml.

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 Trust, ICE Link, T-Zero and Creditex.
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.

Kelly Loeffler, VP, Investor Relations & Corp. Communications, IntercontinentalExchange, +1-770-857-4726, kelly.loeffler at theice.com

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