IntercontinentalExchange Opens Singapore Telecommunications Hub To Serve Energy Market Participants

IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace, announced that it has opened its new Singapore telecommunications hub. The hub is located at the 1-Net telecommunications center in Singapore and is designed to improve access and reduce connectivity costs to ICE’s electronic trading platform for ICE market participants in the Asian region.

The Singapore location is the fourth telecommunications hub that ICE has established. A European hub was opened last year for Western European customers, a Chicago hub opened in January, and a London hub was opened in March. ICE plans to establish a hub in New York in June. Market participants can use these hubs to access ICE’s energy futures and over-the-counter (OTC) markets, and ICE can customize the bandwidth size for their connections, as well as the type of circuits they require to meet their specific data needs.