ICE Recognised for Leading Role in Emissions Markets

Published on Wednesday, 21 December 2011 08:27 Written by TradersHuddle Staff

LONDON, Dec. 21, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, has been recognised as "best exchange" in four categories by Environmental Finance and Carbon Finance Magazine in its 12th Carbon Finance Annual Market Survey.

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ICE Futures Europe was voted "best exchange" for its European emissions product range as follows:

• Best Exchange EU Emissions Trading Scheme
• Best Exchange Kyoto Project Credits (JI & CDM)

ICE's OTC Markets were voted "best exchange" for North American emissions products as follows: 

• Best Exchange SO2 & NOx
• Best Exchange North American Markets

David Peniket, President and COO, ICE Futures Europe said: "ICE is delighted to be recognised for its leading role in the emissions markets. Despite the current economic environment, ICE's European emissions product range has continued to achieve year on year volume growth and we look forward to continuing to serve these dynamic markets. In the U.S., we continue to see interest in regional markets and look forward to working with participants as the Californian carbon market in particular develops."

Open interest in ICE Futures Europe emissions futures and options products as at 21 December 2011 is 975,129 contracts, which equates to more than 975 million tonnes of CO2. Average daily volumes were 38,646 contracts in November. As at end November 2011, total YTD volumes for European emissions products on ICE Futures Europe are 6.9 million, surpassing the previous full year volume of 6.1 million.

In August, ICE announced the launch of 21 new OTC North American emissions contracts, including California Carbon Allowance forwards and options, which have traded nearly 3.8 million tonnes of CO2 to date. 

About IntercontinentalExchange

IntercontinentalExchange (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 hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE 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 70 countries. www.theice.com  

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe and ICE Clear Europe. 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, 2010, as filed with the SEC on February 9, 2011 and ICE's Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, as filed with the SEC on August 3, 2011.

ICE-ENGY

SOURCE IntercontinentalExchange