IntercontinentalExchange to open New York e-trading centre

Source: IntercontinentalExchange

IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace, announced that it has licensed office space at 2 World Financial Center in the downtown financial district of New York City.

The offices will serve as a state-of-the-art electronic trading center that will provide access to ICE's electronic markets as well as host training and marketing activities.

The electronic trading center is located at the lobby level in the Winter Garden of the World Financial Center, the premier office center owned and managed by Brookfield Properties. The ICE facility, expected to open in the first quarter of 2007, will be accessible by authorized market participants and qualified trainees. In September, ICE announced its planned acquisition of the New York Board of Trade (NYBOT), the leading soft commodity exchange in the world, which is located at 1 North End Avenue. ICE also has offices at 7 Times Square Tower in mid-town Manhattan.

"We are excited to expand our presence in New York to include what we believe will be a unique opportunity to address the demand expressed by commodity market participants to access our global electronic marketplace. As we look toward the acquisition of the NYBOT, we will continue to seek ways to welcome the membership and support their continued growth by offering training and a high quality environment to conduct business," said ICE's Chairman and CEO, Jeffrey C. Sprecher. "We are pleased to work with the team at Brookfield Properties as we complete the build-out at this prime location."

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