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ATLANTA, May 8 /PRNewswire-FirstCall/ -- IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace, announced that it has opened its new Singapore telecommunications hub. The hub is located at the 1-Net telecommunications center in Singapore and is designed to improve access and reduce connectivity costs to ICE's electronic trading platform for ICE market participants in the Asian region.
The Singapore location is the fourth telecommunications hub that ICE has established. A European hub was opened last year for Western European customers, a Chicago hub opened in January, and a London hub was opened in March. ICE plans to establish a hub in New York in June. Market participants can use these hubs to access ICE's energy futures and over-the-counter (OTC) markets, and ICE can customize the bandwidth size for their connections, as well as the type of circuits they require to meet their specific data needs.
About IntercontinentalExchange
IntercontinentalExchange® (NYSE: ICE) operates the leading global, electronic marketplace for trading both futures and OTC energy contracts. ICE offers a range of contracts based on crude oil and refined products, natural gas, power and emissions. ICE conducts its futures markets through its regulated London-based subsidiary, ICE Futures, Europe's leading energy exchange. ICE Futures offers liquid markets in the world's leading oil benchmarks: Brent Crude futures and West Texas Intermediate (WTI) Crude futures, as well as the leading heating oil futures contract. ICE introduced the concept of cleared OTC energy contracts and today offers the most liquid and transparent electronic OTC market in North America. ICE also offers a range of risk management and trading support services, including customized energy market data offerings through its ICE Data business unit and electronic trade confirmations. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Houston, London, New York and Singapore, with regional telecommunications hubs in London, Chicago and Singapore. For more information, please visit 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, including, but not limited to, the benefits associated with opening new telecommunications hubs. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company's Securities and Exchange Commission filings, including, but not limited to, the risk factors in Item 1(A) of the Company's Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on March 10, 2006, which are incorporated by reference into this press release.
SOURCE IntercontinentalExchange
-0- 05/08/2006
/CONTACT: Kelly Loeffler, VP, Investor and Public Relations of
IntercontinentalExchange, +1-770-857-4726, or kelly.loeffler@theice.com; or
Ellen Resnick of Crystal Clear Communications, +1-773-929-9292, or cell,
+1-312-399-9295, or eresnick@crystalclearPR.com, for IntercontinentalExchange/
/Web site: http://www.theice.com /
(ICE)
CO: IntercontinentalExchange
ST: Georgia, Singapore
IN: FIN OIL
SU:
FB-LA
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1328 05/08/2006 13:00 EDT http://www.prnewswire.com