ICE Link Commemorates Five Year Anniversary; Pioneer in Electronic Allocation and Novation Workflows; Supporting Standardization and Clearing of CDS Market

By Intercontinentalexchange Cds - Cds, PRNE
Wednesday, July 7, 2010

NEW YORK, July 8, 2010 - IntercontinentalExchange(R) (NYSE: ICE), a leading operator of regulated
global futures exchanges, clearing houses and over-the-counter (OTC) markets,
today announced the five year anniversary of the launch of the ICE Link
product, which is the leading affirmation and novation consent platform for
credit default swaps (CDS). ICE acquired the ICE Link product, formerly known
as T-Zero, as part of its acquisition of Creditex in August 2008.

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

Launched in July 2005, ICE Link went live with one dealer and one
buy-side firm. Today, ICE Link provides market-leading connectivity to 416
buy-side firms, 23 dealers, 11 prime brokerage/clearing member firms and five
interdealer brokers (IDBs). In the first half of 2010, ICE Link processed
over 1 million trades.

Since its launch, ICE Link has become the industry standard for CDS
affirmation, allocations and novations processing. Before the introduction of
ICE Link, CDS novations were consented to manually via email and could take
weeks to legally confirm. ICE Link introduced same-day, electronic novations
to the CDS market, resulting in reduced operational risk and increased
processing efficiencies. On August 31, 2010, ICE Link expects to continue its
leadership as the first platform to support the Industry's
Consent=Confirmation (C=C) initiative.

"ICE Link has brought needed focus and technological innovation to bear
on the operational challenges of the CDS market," said Dave Olsen, global
head of OTC Clearing at J.P. Morgan. "The advantages of the electronic
workflow, allocation and affirmation model are clear: we can process higher
volumes with less operational risk at a lower marginal cost."

"Point-of-trade clearing for the buy side has become a reality thanks to
ICE Link's five years of customer-oriented development," said Michael
Liberman
, Managing Partner and COO of BlueMountain. "They have truly broken
new ground in operational processing, and we benefit from that every working
day."

Said Clive de Ruig, Global Head of ICE Processing: "The unique
combination of sophisticated electronic workflow, easy automation and
market-leading connectivity allows ICE Link to power industry-wide access to
clearing and real-time trade processing. We are particularly grateful to our
customers for their support of our platform and allowing us to collectively
establish industry standards for operational processes. The industry should
take pride in the rapid transformation of post-trade processing for CDS and
the demonstrated efforts in bringing standardization and risk mitigation to
the CDS markets."

ICE Link's CDS Post Trade Processing Firsts

    - Electronic novation processed
    - Same-day client cleared trades
    - Straight-through-processing (STP) of trade allocations
    - Dealer to client trades processed system to system without manual
      intervention
    - Support for intermediation via a prime broker
    - STP of IDB trade notification
    - STP for multiple IDBs via a single connection

Working with Industry to Achieve Fed Commitments

    - Operational improvements, including T+0 confirmations
    - Electronic novation processing
    - Client clearing

For more information, please view a recorded webinar about ICE Link at:
https://www.theice.com/webinars.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.

Investor and Media Contacts: 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

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