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ICE Futures U.S.(TM), a wholly-owned subsidiary of IntercontinentalExchange (NYSE: ICE), announced today that it will offer electronic trading of futures contracts for an additional 31 foreign exchange pairs on January 25, 2008. Electronic trading began on November 9, 2007, for an initial 10 foreign exchange futures contracts. The January listing completes the transition of ICE's foreign exchange futures products to the electronic platform.
These foreign exchange contracts will begin electronic trading at 8:00 p.m. ET on Thursday, January 24, for trade date January 25. Electronic trading hours are from 8:00 p.m. ET through 6:00 p.m. ET each trading day. With the exception of four new contracts noted below, the products will be available for trading both electronically and via open-outcry from the initial trade date of January 24 through February 29. As previously announced, open-outcry trading of futures products will end on February 29.
The products are currently available in a test environment to allow independent software vendors (ISVs), market data vendors, brokers, algorithmic traders and other registered market participants to complete system connectivity and functionality testing.
"The listing of these contracts on the electronic trading platform completes our migration of foreign exchange futures products to the ICE screen. It is the next logical step in our efforts to offer the widest possible selection of currency contracts to the trading and hedging communities," said Tom Farley, ICE Futures U.S. President and Chief Operating Officer. "ICE now offers electronic trading in both agricultural and foreign exchange futures markets, in response to our customers who have overwhelmingly expressed support for such access."
The foreign exchange contracts that will begin trading electronically on January 25 are:
ICE FUTURES U.S. CONTRACT CONTRACT SIZE SYMBOL
Australian dollar/Canadian dollar 200,000 A. dollars AS
Australian dollar/Japanese yen 200,000 A. dollars YA
Australian dollar/New Zealand dollar 200,000 A. dollars AR
Australian Dollar/US Dollar 200,000 A. dollars AU
Brazilian Real/US dollar 100,000 Brazilian reals BX
British pound/Australian dollar 125,000 pounds QA
British pound/NZ dollar 125,000 pounds GN
British pound/Canadian dollar 125,000 pounds PC
British pound/Norwegian krone 125,000 pounds PK
British pound/South African rand 125,000 pounds PZ
British pound/Swedish krona 125,000 pounds PS
Canadian dollar/Japanese yen 200,000 C. dollars HY
Euro/Australian dollar 100,000 euros RA
Euro/Canadian dollar 100,000 euros EP
Euro/Czech koruna 100,000 euros EZ
Euro/Hungarian forint 100,000 euros HR
Euro/Norwegian krone 100,000 euros OL
Euro/Swedish krona 100,000 euros RK
Euro/South African rand 100,000 euros YZ
New Zealand dollar/Japanese yen 200,000 NZ dollars ZJ
Norwegian krone/Japanese yen 2,000,000 krone KY
Norwegian krone/Swedish krona 500,000 N. krone NJ
Swedish krona/Japanese yen 2,000,000 krona KJ
Dollar/Canadian dollar 100,000 US dollars SV
US dollar/Czech koruna* 100,000 US dollars VC
US Dollar/Hungarian forint* 100,000 US dollars VU
US Dollar/Norwegian Krone* 100,000 US dollars NT
US Dollar/South African Rand 100,000 US dollars ZR
US Dollar/Swedish Krona* 100,000 US dollars KX
US Dollar/New Zealand dollar 200,000 NZ dollars ZX
Euro Index 1000 euro X index value E
*Denotes listing of a new contract. These contracts are smaller in size than previously listed contracts for the same currency pair. The larger contract sizes will be phased out entirely with the expiry of the March 2008 contracts.
Detailed contract specifications for each product can be found on the ICE website at https://www.theice.com/commodities.jhtml.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates global commodity and financial products marketplaces, including the world's leading electronic energy markets and soft commodity exchange. ICE's diverse futures and over- the-counter (OTC) markets offer contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including canola, cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, in addition to foreign currency and equity index futures and options. ICE(R) conducts its energy futures markets through ICE Futures Europe(TM), its London-based futures exchange, which offers the world's leading oil benchmarks and trades nearly half of the world's global crude futures in its markets. ICE conducts its soft commodity, foreign exchange and equity index markets through its U.S. futures exchange, ICE Futures U.S.(TM), which provides global futures and options markets, as well as clearing services through ICE Clear U.S.(TM) In August 2007, ICE acquired the Winnipeg Commodity Exchange Inc., the leading agricultural futures exchange in Canada. ICE's state-of-the-art electronic trading platform brings market access and transparency to participants in more than 50 countries. ICE was added to the Russell 1000(R) Index in June 2006 and the S&P 500 Index in September 2007. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Dublin, Houston, London, New York, Singapore and Winnipeg. For more information, please visit www.theice.com.
