ICE Announces Appointments for Interest Rate and Utility Markets

LONDON--(BUSINESS WIRE)--

Intercontinental Exchange ICE, the leading global network of exchanges and clearing houses, announced two new London-based appointments to serve its global derivatives markets.

Chris Rhodes has been appointed Head of Interest Rates and Gordon Bennett has been appointed Managing Director, Utility Markets, both at ICE Futures Europe.

As the head of ICE's Interest Rate futures business, Rhodes will report to Chris Edmonds, Senior Vice President, ICE Financial Markets and is responsible for the development of ICE's flagship European interest rate contracts including Euribor, Short Sterling and Gilt futures and options. He brings extensive financial services experience and joins ICE from Arc Derivatives, where he served as a Partner and Senior Trader.

Bennett is responsible for sales and business development for ICE's long-established European natural gas, power and emissions markets, together with its international coal portfolio. He will also report to Chris Edmonds. Before joining ICE, Bennett was the Global Head of Energy at Marex Spectron for the last 12 years.

"We are delighted to appoint two highly experienced and respected market specialists to these new roles at ICE Futures Europe. They will bring a wealth of experience to our global derivatives markets and support our efforts to serve our customer's evolving requirements at a time of continuous change," said David Peniket, President and Chief Operating Officer, ICE Futures Europe.

About Intercontinental Exchange

Intercontinental Exchange ICE operates the leading network of regulated exchanges and clearing houses. ICE's futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE'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, 2014, as filed with the SEC on February 5, 2015.

SOURCE: Intercontinental Exchange

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