Market Overview

ICE Announces August 1 Launch of 18 New Energy Contracts

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ICE Announces August 1 Launch of 18 New Energy Contracts

PR Newswire

ATLANTA, July 12, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 18 new cleared OTC energy contracts for North American power, natural gas liquids (NGLs), natural gas and global oil and refined petroleum products.

(Logo: http://photos.prnewswire.com/prnh/20090727/CL51999LOGO )

All of the new contracts will be available for the trade date of Monday, August 1, 2011. With the products announced today, ICE will offer more than 530 cleared OTC energy contracts, including more than 435 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008. 

The new contracts are:

North American Power

  • ISO New England Maine DA LMP Peak Monthly (IEB)
  • ISO New England Maine DA LMP Off-Peak Monthly (IED)
  • ISO New England New Hampshire DA LMP Peak Monthly (IHB)
  • ISO New England New Hampshire DA LMP Off-Peak Monthly (IHD)
  • ISO New England West Central Massachusetts DA LMP Peak Monthly (IWB)
  • ISO New England West Central Massachusetts DA LMP Off-Peak Monthly (IWD)

Natural Gas Liquids

  • Normal Butane D Grade Swap – Conway, FP for OPIS (IBC)
  • Ethane Contained in E/P Mix Swap – Mt. B-Enterprise, FP for OPIS (ECB)
  • Ethane Contained in E/P Mix Swap – Conway, FP for OPIS (ECC)
  • Propane Swap – HATT-INL, FP for OPIS (PRH)

The products above reference OPIS LP Gas Fax.

  • Propane Argus Far East Index vs. Propane CIF ARA Large Cargo Swap (EGD)
  • Propane CIF ARA vs. Naphtha CIF NWE Differential (APN)

The products above reference the Argus International LPG report.

Global Oil and Refined Petroleum Products

  • Jet Fuel Crack – USGC Jet Fuel vs. Brent 1st Line Swap (GUB)
  • Jet Fuel Diff – USGC Jet Fuel vs. Heating Oil 1st Line Swap (JHO)

The products above reference Platts US Marketscan. Platts is a leading global energy, metals and petrochemicals information provider.

  • Crude Diff – WTI vs. Brent (TIB)
  • Crude Diff – WTI vs. Brent Options (TIB)

North American Natural Gas

  • Fixed Price for Penultimate Henry Hub, 1-Month CSO Options (HHM)
  • Fixed Price for Penultimate Henry Hub, 3-Month CSO Options (HMT)

ICE Clear Europe enables the efficient development of new products to support the risk management needs of member firms and customers in ICE's global energy futures and OTC markets. In 2002, ICE pioneered the concept of cleared OTC energy contracts, which provide participants with access to centralized clearing and settlement arrangements while reducing bilateral credit risk and capital required for each OTC trade.

Editor's Note

"Argus" and "Argus Far East Index" are trademarks of Argus Media Limited and are used under license. All copyrights and database rights in the Argus indices referred to herein belong exclusively to Argus Media Limited. Argus Media accepts no liability to third parties arising from or in connection with any use of the Argus indices.

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.

ICE-ENGY

SOURCE IntercontinentalExchange

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