ICE launches iPhone app; posts 10% Q3 net income rise

ICE launches iPhone app; posts 10% Q3 net income rise

IntercontinentalExchange (ICE) has acquired TradeCapture OTC for an undisclosed price and used the vendor's technology as the basis for an iPhone and iPad application.

Previously known as Tap and Trade, the app is now known as ICE mobile and is available online in the Apple App Store. Available to WebICE users via their account ID, the app delivers real time market data and will be expanded later this year to offer mobile trading.

ICE also plans to offer mobile versions for Blackberry and Android devices in the future.

David Goone, chief strategic officer, ICE, says: "We're pleased to launch ICE mobile and to bring the team that developed and delivered this innovative, practical application together with ICE's technology and global markets. Mobile tools are an example of our initiatives aimed at meeting customers' needs for real-time market data from anywhere."

Separately, the exchange operator has posted a 12% rise in Q3 revenue, to $287 million and a 10% jump in net profit to $96 million. Diluted earnings per share increased nine per cent to $1.29.

Jeffrey Sprecher, chairman and CEO, ICE, says: : "At a time of considerable change and economic uncertainty, ICE delivered another solid quarter of growth, with an increasing number of futures and OTC customers relying on our global trading and technology platform, processing and clearing infrastructure."

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