New York Board Of Trade

IntercontinentalExchange (NYSE: ICE) operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets.

 

ICE Futures Europe trades half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currency and Russell Index markets. ICE offers trade execution and processing for the credit derivatives markets through Creditex and clearing through ICE Trust and ICE Clear Europe. A component of the Russell 1000 and S&P 500 indexes, ICE serves customers in more than 50 countries and is headquartered in Atlanta.

ICE offers market participants a range of benefits Including:


Benchmark Contracts
ICE Futures Europe offers liquid markets for hedging price risk in the world's leading oil benchmarks: ICE Brent Crude futures and ICE West Texas Intermediate (WTI) Crude futures. ICE also operates a liquid and transparent over-the-counter marketplace for the North American OTC natural gas and power markets.

ICE Futures U.S. provides risk managers and investors one global marketplace for exclusive futures and options contracts such as Sugar No.11, Sugar No.16TM, Cotton No. 2, Coffee 'C', U.S. Russell Indexes, foreign exchange and the ICE U.S. Dollar Index.

ICE Futures Canada hosts the world's leading Canola futures contract and also allows investors to participate in global price discovery for Western Barley futures and options contracts.

Integrated Access To Global Derivatives Markets
ICE's integrated marketplace offers both futures and OTC markets, including cleared and bilateral products on a widely-distributed electronic platform that flexibly serves participants' needs and changing market conditions so that they can manage risks confidently, in real-time.

 

Leading Electronic Trading Platform
ICE's electronic trading platform provides rapid trade execution and is one of the world's most flexible, efficient and secure commodities trading systems. Accessible via direct connections, telecom hubs, the Internet or through a number of front-end providers, today, ICE offers a 3 millisecond transaction time in its futures markets - the fastest in the industry. ICE's platform is scalable and flexible - which means new products and functionality can be added without market disruption. ICE offers numerous APIs for accessing futures and OTC markets, including a FIX API.

 

Transparency and Regulation
ICE offers unprecedented price transparency and ensures that full depth of market is shown to all participants and observers. Trades are executed on a first-in/first-out basis, ensuring fair execution priority. ICE also displays a live ticker of all deal terms and maintains an electronic file of all transactions conducted in its markets. ICE's markets are subject to applicable regulation in the country of domicile, as well as subject to regulatory requirements of the jurisdictions where ICE operates.

Risk Management Via Global Central Counterparty Clearinghouses
ICE's clearing operations comprise five regulated clearing houses across the U.S., Europe and Canada. Each provides risk management, capital efficiency and maximum financial safeguards, to offer security for global market participants in today's dynamic environment.

Independence
ICE adheres to best practices in corporate governance in operating its marketplace. ICE's Board of Directors is independent, ensuring that the Board acts impartially when making decisions that affect operations, markets and shareholders. To further facilitate fair trading practices, neither ICE employees nor its Board participate in commodity trading activities, thus avoiding potential conflicts of interest.