Trading Technologies connects to IntercontinentalExchange energy markets


Trading Technologies International, Inc. (TT) and IntercontinentalExchange™ (ICE®) today announced they are collaborating to provide access to ICE's global energy markets via TT's X_TRADER® electronic trading platform.

Through this arrangement, market participants will be able to use TT's X_TRADER to execute trades in over-the-counter (OTC) cash energy products listed on ICE as well as all futures contracts listed on the International Petroleum Exchange (IPE), ICE's regulated futures exchange subsidiary.

TT will be the first independent software vendor (ISV) to connect to ICE's electronic OTC markets, which have more than 870 participant firms and list more than 600 unique products in oil, natural gas, power and precious metals. Currently, ICE participants access the electronic trading platform, known as the "Interchange", exclusively through WebICE, a browser based trading screen. ICE's decision to collaborate with TT will provide access to ICE and IPE energy markets to a broad audience through TT's robust X_TRADER software. ICE will allocate and host dedicated servers in order to provide secure access from the X_TRADER platform to the Interchange via the Internet and ICE's private network. In addition, it will enable users of the TT and ICE platforms to integrate risk monitoring across both systems.

This will mark the first offering of energy products to TT's customers. With the ICE connection, TT customers will be able to use one platform to seamlessly access three different product types in the energy markets: futures, cash and OTC derivatives contracts. TT presently provides connections to the world's dominant futures exchanges. TT also recently announced plans to create a new marketplace with ICAP's BrokerTec for trading of fixed income securities.

"This effort brings together two of the most widely distributed and sophisticated trading platforms and the fastest growing energy exchange. The call for access to our markets via TT, demonstrates the growing demand for access to energy markets globally," said Jeffrey Sprecher, ICE's Chairman and CEO. "We look forward to together delivering alternatives to the marketplace for electronic price discovery and expanded market access to a diverse group of participants."

"We are thrilled to be working with ICE and to be the first ISV to offer a connection to this significant market," said Harris Brumfield, TT's CEO. "There is tremendous global demand among professional traders for access to ICE's energy products, and demand is forecasted to grow even more. This agreement between ICE and TT will facilitate greater access to ICE products, and we expect it will further strengthen TT's position as the volume share leader among ISVs."

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