ICEMaker allows traders to link their proprietary front-end trading strategies in Excel(TM) to manage orders on the ICE platform without the need to write complex API code. As a result, traders can efficiently manage multiple orders and complex spread relationships using Excel formulas to integrate real-time data from ICE and 3rd-party data feeds within the browser-based WebICE.
"ICEMaker is the tool we've needed to automate our proprietary formulas and link simultaneous trading in multiple markets, " said Bill Glass, Vice President and trader with Meico. "The results have exceeded our expectations from the start - it's easy to use and, most importantly, having Excel formulas linked to real-time data allows us to execute on trading opportunities that would be otherwise difficult to capture."
ICEMaker was designed to allow traders to:
- Manage their order book and execute orders from Excel
automatically or manually
- Use proprietary formulas to derive bid and offer prices
- Derive ICE prices based on other external data points
- Simultaneously manage multiple orders
- Build Excel formulas directly within WebICE
- Use sophisticated trading agents on ICE such as the new "Hold on Hit" function
"We believe ICEMaker represents the innovation ICE continues to bring to the energy markets: more efficiency, more transparency and a better way to trade every business day," said Edwin Marcial, Chief Information Officer at ICE. "The response to this launch is extremely gratifying and we attribute the success of ICEMaker to the close collaboration with market participants over the past year of development."
For more information on ICEMaker, please see www.theice.com/icemaker.
