ATLANTA, April 7 /PRNewswire-FirstCall/ -- IntercontinentalExchange , the leading electronic energy marketplace, today issued the following statement from Jeffrey C. Sprecher, ICE Chairman and CEO:
"ICE is well positioned to compete on a number of fronts. Anticipating increased competition, ICE Futures introduced its successful ICE WTI Crude futures contract in February of this year, achieving record open interest and daily trading volume this week. More importantly, the liquidity in ICE's diverse range of energy contracts in both futures and over-the-counter (OTC) markets is unparalleled. ICE's innovative and robust trading platform was designed for energy trading and risk management. Deployed on the desktops of thousands of energy market participants around the world, the ICE platform is an integral tool for energy market participants.
"We fully intend to retain our leadership role in the growing electronic energy marketplace," said Jeffrey C. Sprecher, ICE Chairman and CEO. "It's early in the transition of energy commodities to electronic trading, and we believe we will continue to lead in the development of innovative products and services to serve our marketplace."
About IntercontinentalExchange
IntercontinentalExchange(R) operates the leading electronic global futures and OTC marketplace for trading energy commodity contracts, including crude oil and refined products, natural gas, power and emissions. ICE conducts its markets for futures trading through its regulated subsidiary, ICE Futures, Europe's leading energy futures and options exchange. ICE also offers a range of risk management and trading support services, including cleared OTC contracts, electronic trade confirmations and energy market data. ICE's common stock began trading on the New York Stock Exchange on November 16, 2005. ICE is based in Atlanta, Georgia with offices in Calgary, Chicago, Houston, London, New York and Singapore. For more information, please visit http://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, retaining its leadership role and increased competition. 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.
© 2006 PR Newswire
