ATLANTA, Nov. 5 /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 Trust(TM), its North American credit default swap (CDS) clearing house, was named a winner in the 2009 Credit magazine Technology Innovation Awards. Credit is a leading publication devoted to corporate bond and credit derivatives markets, and established the Technology Innovation Awards to recognize technology developments in the global credit markets.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO )
Dirk Pruis, ICE Trust President, said: "Credit derivatives are a vital part of the global credit markets and ICE Trust is serving in an integral role within the credit infrastructure by reducing counterparty and systemic risk. It is an honor to be recognized for our efforts in helping to bring transparency and standardization to the marketplace. We also want to recognize the participants in ICE Trust for taking a leadership role in market reform and for allowing us to bring innovative risk management solutions to market."
The awards were judged by Credit's editorial team in collaboration with editors from the magazine's sister publications and industry users. In the awards article, which appears in the November issue, Credit stated: "Perhaps the most high-profile example of regulators exerting pressure has been in the area of central clearing of credit derivatives. ICE Trust is the first and only clearing house to process U.S. credit default swaps, answering the call of regulators and helping to enable a transparent and capital efficient market."
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
