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IntercontinentalExchange, Inc. (NYSE: ICE), the leading electronic energy marketplace and soft commodity exchange, today announced management appointments for the Winnipeg Commodity Exchange Inc. (WCE). On August 28, ICE completed the transaction to acquire Winnipeg Holdings Inc., which is the holding company for WCE, the leading agricultural commodity futures and options exchange in Canada.
William Hill, formerly Senior Vice President, has been named President and Chief Operating Officer. Former WCE President and CEO Mike Gagne retired upon the completion of the transaction.
The following WCE staff comprises the senior management team:
Linda Cox-Vincent, General Counsel and Vice President, Market Regulation
Doug Betz, Vice President, Information Technology
Carol Kos, Director of Accounting and Controller
"We welcome the management and staff to the ICE team, as well as the knowledge and customer relationships they bring," said ICE Chairman and Chief Executive Officer Jeffrey C. Sprecher. "We look forward to tapping into new opportunities ahead as we integrate our businesses."
ICE expects to transition WCE's products to its electronic trading platform during the fourth quarter of 2007, subject to necessary regulatory approval. WCE was established in 1887 and today is fully electronic, offering futures and options contracts on canola, domestic feed wheat, and western barley.
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,
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 index markets
through its U.S. futures exchange, the New York Board of Trade(R). NYBOT(R)
provides global futures and options markets, as well as clearing services
through ICE Clear U.S.(sm), its wholly owned clearing house. In August 2007,
ICE acquired the Winnipeg Commodity Exchange, 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. 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.
