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ICE Clearing Houses Recognized as Most Innovative; ICE Clear Europe and ICE Trust Receive FOW Awards for Innovation 2009

Posted on: Thursday, 29 October 2009, 09:11 CDT

NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that ICE Clear Europe and ICE Trust were awarded Best Innovation by a Clearing House, Europe, Middle East and Africa and Best Innovation by a Clearing House, Americas respectively by FOW, a leading global derivatives publication.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO )

The FOW Awards for Innovation were created to recognize industry initiatives that have demonstrated innovation and a beneficial effect on markets. Winners were selected by a judging panel comprised of European and North American derivatives market participants. In the article accompanying the awards announcement, which appears in the magazine's November issue, FOW stated: "Their work seems like a large step forward toward transparency in the CDS market. Additionally, the risk management framework may go a long way in helping to offset systemic risk possibilities. Indeed, ICE's clearing houses for credit default swaps, were created specifically in response to a regulatory demand to derisk the market."

Chuck Vice, ICE President and Chief Operating Officer, said: "ICE is honored to receive these awards in a year that required unprecedented changes in risk management practices. We were please to take a leadership role in working with global market participants to implement the first global clearing solution for credit derivatives. We take pride in innovation and our ability to enhance the marketplace, and would like to acknowledge Atos Euronext Market Solutions (AEMS) for its contribution to our successful transition to ICE Clear Europe. We would also like to commend Shearman & Sterling for their well-deserved recognition as recipients of FOW's Most Innovative Work by a Law Firm award, for the firm's work supporting the establishment of both ICE Clear Europe and ICE Trust."

About IntercontinentalExchange

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® hosts trade in 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 ICE Link(TM), respectively, and CDS clearing through ICE Trust(TM) 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, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. 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. 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, 2008, as filed with the SEC on February 11, 2009.

SOURCE IntercontinentalExchange

Source: PR Newswire

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