ICE Issued U.S. Patent for Electronic Trade Matching and Confirmation Tech

The press release states, “IntercontinentalExchange, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that the United States Patent and Trademark Office has issued it a patent for the business process that underpins ICE eConfirm, the company’s electronic trade confirmation service. The patent (No. 8,007,743) covers the design [...]

IntercontinentalExchange Reports 26% Increase in 2010 Net Income

According to the press release, “IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of regulated global exchanges, clearing houses and over-the-counter (OTC) markets, today reported consolidated revenues of $285 million in the fourth quarter of 2010, an increase of 11% from fourth quarter 2009 revenues of $257 million. Consolidated net income attributable to ICE for the fourth quarter grew [...]

Chicago Climate Exchange shuttering emissions trading

The Chicago Climate Exchange will be shutting down at the end of the year. This was due to many factors, one such is the lack of interest of passing cap and trade laws in the US. This is not good news for cap and trade proponents as it will nearly end the trading of emissions [...]

ICE CDS Clearing Reaches $12 Trillion in Notional Cleared

According to the press release, “Through 21 September, ICE’s CDS clearing houses have cleared $12 trillion in gross notional with aggregate open interest of $1.1 trillion. ICE Clear Europe has cleared euro 3.4 trillion ($4.6 trillion) of gross notional value of CDS transactions, including euro 530 billion in single-name CDS, resulting in euro 443 billion [...]

ICE cuts staff at Chicago Climate Exchange: sources

According to Reuters, “Market operator Intercontinental Exchange Inc. is laying off staff at newly acquired U.S. environmental bourse the Chicago Climate Exchange (CCX), industry sources told Reuters, citing a lack of U.S. action on climate change. They said the first round of layoffs began on July 23 and, although the total number of jobs to [...]

Intercontinental Exchange Announces Acquisition of Climate Exchange

According to the Press Release, “Intercontinental Exchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that it has agreed on terms to acquire Climate Exchange plc (Climate Exchange or CLE), a leader in the development of traded emissions markets. Climate Exchange operates the European Climate [...]