ICE Link Launches Enhanced Credit Derivative Novation Process; First to Support C=C Initiative

LONDON, September 12, 2010 - IntercontinentalExchange (NYSE: ICE), a leading operator of regulated
global futures exchanges, clearing houses and over-the-counter (OTC) markets,
announced the launch of Novation Consent = Confirmation (C=C) for the credit
default swap (CDS) markets on its ICE Link Platform in advance of the
commitment date by the 14 leading CDS market participants to regulators.

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

Novation Consent = Confirmation is an industry-wide initiative for
simplifying and streamlining the processing of credit default swap (CDS)
novations. The C=C initiative transforms what it is currently a two-step
process - consent and then confirmation - into a single-step process. Several
key features of the C=C initiative were first introduced on ICE Link,
including making the transferee a full participant in the work flow, support
for block novations and straight-through-processing (STP) of novation
consents.

ICE Link's STP eliminates rekeying of details and manual compares and
reconciliations, allowing easy tracking and auditing by the novation
counterparties. The benefits for market participants are accelerated legal
certainty and substantially lower operational risk and cost. The enhanced C=C
process commenced via ICE Link three weeks ahead of the 30 September
commitment date.

Clive de Ruig, Global Head of ICE Link said: "We believe that true
efficiency and risk reduction in trade processing comes from an automated
process to which all major market participants have programmatically
connected their trade capture systems. ICE Link thoroughly simplifies the
operational processing of novations within the industry and we are delighted
to have worked with our clients to be the first industry platform to deliver
on the C=C commitments."

Simon Morris, Managing Director, Goldman Sachs : "This is an important
initiative for our industry. The automation of the C=C process reduces
operational risk and cost for our clients and the industry as a whole, we are
delighted to be successfully processing C=C novations on the ICE Link
platform ahead of the industry deadline."

ICE Link is the industry standard for CDS affirmation, allocations and
novations processing, with market-leading connectivity to 424 buy-side firms,
25 dealers, 11 prime brokerage/clearing member firms and five interdealer
brokers. In the first half of 2010, ICE Link processed over 1 million trades.

    To access ICE Link webinars, please click on the links below:

    ICE Link Novation Consent = Confirmation User Training
    (tinyurl.com/24bhtpm)

    ICE Link Novation Consent = Confirmation Buy-side Review
    (tinyurl.com/37dtxj7)

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

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affiliated companies: IntercontinentalExchange, IntercontinentalExchange &
Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe,
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Climate Exchange (ECX) and Chicago Climate Futures Exchange (CCFE). 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 - Elaine Bailey, Corporate Communications, ICE Futures Europe, +44-207-012-8766, Elaine.bailey at theice.com; or Lee Underwood, Director, Communications, IntercontinentalExchange, +1-770-857-0342, lee.underwood at theice.com; or Investor - Kelly Loeffler, VP Investor Relations & Corp. Communications, IntercontinentalExchange, +1-770-857-4726, kelly.loeffler at theice.com