The New York Board of Trade (NYBOT), a wholly-owned subsidiary of IntercontinentalExchange (NYSE: ICE), announced today that, effective on Friday, September 28, 2007, the Exchange will list the Pulp futures contract for trading on the ICE electronic platform. Trading hours will be from 7:00 a.m. to 3:15 p.m. ET. With the start of electronic trading for the contract, the floor trading session will no longer be held after September 27. Daily settlement prices for the Pulp futures contract will be determined at the end of the electronic trading session.
Effective immediately, the Exchange is delisting all listed Pulp options contract months with no open interest; additional options contracts will not be listed at this time. It is expected that Pulp options will be listed for trading on the ICE platform in the future.
NYBOT recently announced that it has added China as a delivery point on its Pulp futures contract, beginning with the June 2008 delivery. The Exchange has certified Changshu Westerlund Terminals in the Port of Changshu Xingao, China, as a licensed Pulp warehouse.
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Statements in this press release regarding IntercontinentalExchange’s business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2006, and the Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30, 2007, each as filed with the SEC on February 26, 2007, May 4, 2007 and July 27, 2007, respectively.
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NYBOT To List Pulp Futures Electronically On ICE Platform - Floor-based Pulp Options Contract To Be Delisted
Date 03/08/2007