Message-ID: <15877182.1075860994567.JavaMail.evans@thyme> Date: Wed, 23 Jan 2002 09:05:38 -0800 (PST) From: feedback@intcx.com To: iceuserslist@list.intcx.com Subject: IntercontinentalExchange Named Derivatives Exchange of the Year Cc: sales@intcx.com, icehelpdesk@intcx.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable Bcc: sales@intcx.com, icehelpdesk@intcx.com X-From: IntercontinentalExchange X-To: iceuserslist@list.intcx.com X-cc: sales@intcx.com, icehelpdesk@intcx.com X-bcc: X-Folder: \Michelle_Lokay_Mar2002\Lokay, Michelle\Systems X-Origin: Lokay-M X-FileName: mlokay (Non-Privileged).pst IntercontinentalExchange Named Derivatives Exchange of the Year = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 Atlanta, GA (January 23, 2002) - IntercontinentalExchange, one of the world= 's most liquid and fastest growing commodity marketplaces, has been named D= erivatives Exchange of the Year for 2002 by Risk magazine. The Risk Awards = recognize excellence and innovation in the fast-changing risk management an= d over-the-counter derivatives businesses. Intercontinental was selected fo= r its phenomenal performance in 2001 in light of the difficult year experie= nced by many trading platforms in the global energy sector. = = = = = = = =20 = = = = = = = = = = = = = =20 "The Intercontinental organization has experienced a tremendous year," said= Jeff Sprecher, CEO of IntercontinentalExchange, who was also recently name= d as one of the Top Entrepreneurs of 2001 by Businessweek magazine. "To be = named Derivatives Exchange of the Year is a testament to the extremely tale= nted group surrounding me at Intercontinental, who are successfully advanci= ng a very powerful business model." = = = = = = = = =20 = = = = = = = = = = = = = =20 Intercontinental experienced tremendous growth and reached numerous milesto= nes in 2001. With the acquisition of International Petroleum Exchange of Lo= ndon (IPE), Europe's leading energy futures and options exchange, ICE added= a broad range of exchange-traded energy-based futures and options markets = to its extensive roster of energy and metals-based over-the-counter (OTC) d= erivatives markets. = = = = = = = = =20 = = = = = = = = = = = = = =20 In August 2001, Intercontinental signed an agreement to offer optional clea= ring services to its OTC market participants with The London Clearing House= (LCH). With this service, Intercontinental will be uniquely positioned to = offer market participants the option to utilize clearing services for globa= l energy and metals transactions. = = = = = = = = = =20 = = = = = = = = = = = = = =20 Coupled with the July 2001 closing of its acquisition of the IPE, Intercont= inental will = = = = = = = = = = = = =20 be the world's first exchange organization to offer a full spectrum of risk= management products ranging from traditional bi-lateral OTC agreements to = cleared OTC products to exchange-traded futures and options on futures. = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 The past year also saw Intercontinental make its move into the European OTC= gas and power markets with the introduction of markets for UK natural gas-= related products in December 2001. To support this expansion, ICE entered i= nto agreements = = = = = = = = = = =20 with a number of leading firms engaged in the sale and trading of UK natura= l gas. = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 In addition to expanding its product offerings in 2001, Intercontinental ex= perienced = = = = = = = = = = = = =20 rapid and substantial growth. The past year saw Intercontinental increase t= he number of participating firms and users by more than 400%. Equally impre= ssive, the number of trades executed on the Exchange grew 15 fold over that= same period. = = = = = = = = = = =20 = = = = = = = = = = = = = =20 Intercontinental will receive the award at the Risk Awards Presentation Din= ner on = = = = = = = = = = = = =20 February 28th in New York. The proceeds of the dinner will go to Risk Water= s Group World Trade Appeal Fund. = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 About IntercontinentalExchange = = = = = = = = = = = = = =20 IntercontinentalExchange is one of the world's most liquid and fastest grow= ing electronic commodity marketplace, owned by over 100 of the world's lead= ing energy and metals traders, brokers and bankers. = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 The Exchange electronic trading system is installed on over 7,500 desktops = worldwide from which traders log on each day of the business week to trade = more than 600 listed commodity and derivative contract types. Broadly, thes= e include crude oil and refined products, natural gas, power, precious meta= ls and emissions allowances. Contract forms include physical delivery as we= ll as financially settled swaps, spreads, differentials and options based o= n a variety of fixed and floating price indices. = = = = = = = =20 = = = = = = = = = = = = = =20 Based in Atlanta (and with offices in New York, Houston, Chicago, London an= d Singapore), this electronic exchange is taking the technological revoluti= on that occurred in international financial markets and extending it into g= lobal commodity markets. = = = = = = = = = = =20 = = = = = = = = = = = = = =20 IntercontinentalExchange is the owner of the International Petroleum Exchan= ge of London (IPE), Europe' = = = = = = = = = = = = =20 leading energy futures and options exchange. The IPE provides highly regul= ated open outcry and electronic marketplaces where industry participants us= e futures and options to minimize their price risk exposure in the physical= energy market. = = = = = = = = = = =20 = = = = = = = = = = = = = =20 Products traded on IPE include Brent Crude futures and Options, Gas Oil fut= ures and Options, Natural Gas futures and Electricity (baseload) futures. = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = =