IntercontinentalExchange Introduces Enhanced Execution and Order Management Tools
ATLANTA, April 2, 2012 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced the successful release of WebICE version 12.600 as well as other ICE platform improvements, including additional support for customized trading strategies.
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“The new features and functionality underscore ICE’s commitment to providing market participants with the most comprehensive tools for trading in today’s futures and OTC markets,” said Mayur Kapani, ICE Vice President of Trading Technology. “These enhancements, combined with our innovative risk management infrastructure, give traders greater flexibility and confidence to execute.”
WebICE is the proprietary, browser-based front-end to ICE’s electronic trading platform, and is regularly updated in direct response to evolving customer and market requirements. With the new version, ICE is introducing the following features:
Custom Spread Engine — This feature will give participants the ability to build customized strategies, view implied spread prices for these strategies and automatically execute them based on current prices for the individual legs. These enhancements will benefit users who frequently execute customized strategies, such as Condor, Box, or Butterfly across multiple products;
Position Keeper — Market participants use the position keeper to monitor their positions and profit and loss across all their products traded on ICE. The key enhancements in this release are:
Ability to sort, sum and group positions by company, product, User ID, account;
Enhanced market price valuation;
Ability for risk managers to create and save customized groups;
Show spread transactions as spread positions.
Interval Price Limitations (IPL) – ICE’s circuit breaker functionality, was activated in US Dollar Index, Russell 2000 and Canola futures in March, was activated in ICE Futures Europe on April 2 and will be expanded to ICE’s agricultural markets on April 9. ICE also published an IPL White Paper.
Order Management — The platform will support reserve quantities on stop and good-till-canceled (GTC) orders as well as GTC orders on inter-product spreads, expanding order types and providing traders with greater flexibility.
The ICE platform offers access to both ICE futures and OTC markets through WebICE and API interfaces with sub-millisecond response times across all markets. WebICE users also benefit from free access to the industry’s most comprehensive mobile trading tools available for iPhone®, iPad®, BlackBerry® and Android phones.
IntercontinentalExchange® (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. 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, currencies and Russell Index markets. ICE® is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com
The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., ICE Clear Europe, ICE Clear Credit, U.S. Dollar Index, European Climate Exchange (ECX) and Chicago Climate Futures Exchange (CCFE). All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml
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, 2011, as filed with the SEC on February 8, 2012.