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Ice gears up to open New York trading centre

10 April 2007  |  1401 views  |  0 Source: IntercontinentalExchange

IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace and soft commodity exchange, announced that its new state-of-the-art ICE Trading Center at 2 World Financial Center in lower Manhattan will open this Thursday, April 12.

The center is adjacent to the New York Board of Trade (NYBOT), ICE's U.S.-based futures and options exchange.

The new ICE Trading Center is located at the mezzanine level in the Winter Garden of the World Financial Center. This electronic trading center will serve qualified professional traders and provide access to ICE's electronic markets across energy, soft commodities, and soon, foreign exchange and index products. In addition, access to other derivatives and securities markets will be available so that traders can view and trade a broad range of markets. Available front-ends include WebICE, Trading Technologies (TT) and CQG, with others available on request. The center will also host electronic trading training courses.

"We saw a unique opportunity to leverage our location in lower Manhattan and our technology to address the demand for participation in ICE's growing electronic derivatives marketplace," said ICE's Chairman and CEO, Jeffrey C. Sprecher. "Our venue offers new and existing customers the opportunity to participate in the continued growth of ICE and NYBOT global markets, as well as to access other derivatives and securities markets from a high quality trading environment."

In December 2006, ICE announced the lease of space and its plans to locate the trading facility at the World Financial Center, one of the premier business addresses in New York City. The World Financial Center is owned and managed by Brookfield Properties, one of North America's largest commercial real estate companies.

The center is accessible by authorized market participants and qualified trainees and will feature the latest in technology, connectivity and communications to support the requirements of professional traders. Each of the dozens of workstations is outfitted with high performance computers with dual flat screen monitors and telephones. The center is equipped with large-format flat screen televisions displaying market news, a video conference and training room, fax and copy machines, and kitchen facilities. The center will be staffed with security and technical support during the business hours of 7:00 a.m. to 6:00 p.m. ET each trading day.

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