ICE Futures To List New Futures And Spreads In April - New Heating Oil And Unleaded Gasoline Contracts Complement ICE Crude And Gas Oil Futures

IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace, announced today that ICE Futures, its regulated futures subsidiary, will list two new electronically traded futures contracts and related spread products beginning the week of April 17. The new cash-settled products include ICE New York Harbor Unleaded Gasoline Blendstock (RBOB) Futures and ICE New York Harbor Heating Oil Futures, along with three spreads or “cracks” between new and existing contracts. The new futures contracts are subject to regulatory approval.

The ICE Heating Oil Futures will be the North American equivalent of ICE Futures’ actively traded IPE Gas Oil futures contract. Priced in U.S. dollars and cents per gallon, the contract will trade for 18 consecutive months at a time. Each contract is sized at 42,000 gallons, the equivalent of 1,000 barrels.

The ICE Unleaded Gasoline Blendstock (RBOB) Futures Contract will also be sized at 42,000 gallons and priced in U.S. dollars and cents per gallon. It will trade for 12 consecutive months at a time and will be based on Reformulated Gasoline Blendstock for Oxygenate Blending for delivery in New York Harbor.

ICE Futures will also introduce “cracks” based on the spread between the price of ICE’s West Texas Intermediate (WTI) Crude futures contract and its new Heating Oil and Unleaded Gasoline futures contracts. When crude is refined, it produces usable products, such as heating oil and unleaded gasoline. The crack is the spread, or price differential, between the refined product and the price of crude oil. The ICE Heating Oil Crack and the ICE RBOB Unleaded Gasoline Crack will each be available with a single click on the ICE trading platform.

In addition, ICE Futures will launch a Gas Oil Crack representing the spread between its benchmark IPE Brent Crude Futures contract and its IPE Gas Oil Futures contract. Its Gas Oil futures contract is now the world’s most actively traded heating oil futures contract, with average daily volume of 60,944 contracts in February.

“We are pleased to build on the recent success of our new ICE WTI Crude Futures contract with a variety of new products based on customer demand,” said ICE Futures President and Chief Operating Officer David Peniket.

Each of the contracts will trade for 21 hours a day, from 8:00 p.m. through 5:00 p.m. Eastern time the next day, and from 1:00 a.m. through 10:00 p.m. local London time.


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, including, but not limited to, the benefits associated with the launch of the new ICE Futures products. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company’s Securities and Exchange Commission filings, including, but not limited to, the risk factors in Item 1(a) of the Company's Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on March 10, 2006, which are incorporated by reference into this press release.