ICE Millions Added In November

ICE Futures U.S.(TM) will launch a suite of million-currency-unit foreign exchange (FX) futures contracts on November 6, 2008. The new futures contracts, known as ICE Millions and first announced on September 24, combine the benefits of futures and OTC products, bringing additional transactional efficiencies and risk management tools to the FX marketplace. ICE Millions are ten times the notional value of the existing suite of ICE FX futures and options contracts. ICE Futures U.S. also lists the U.S. Dollar Index(R) futures, which will remain the existing notional size of $1000 times the index value.\

The following contracts comprise the suite of 12 FX pairs:

Million Euro-U.S. dollar (IEO)
Million British pound - U.S. dollar (IMP)
Million U.S. dollar - Canadian dollar (ISV)
Million U.S. dollar - Japanese yen (ISN)
Million U.S. dollar - Swiss franc (IMF)
Million U.S. dollar - Swedish krona (IKX)
Million Euro - British pound (IGB)
Million Euro - Canadian dollar (IEP)
Million Euro - Japanese yen (IEJ)
Million Euro - Swedish krona (IRK)
Million Euro - Swiss franc (IRZ)
Million Aussie dollar - U.S. dollar (IAU)


Beginning November 6, ICE Millions will trade electronically on the ICE trading platform, which features the fastest trade execution times in the futures industry today. The primary benefits of the ICE Millions contracts include:

-- Centralized clearing and transaction anonymity, both of which are inherent in futures market transactions;
-- Transaction cost efficiencies compared to existing futures and OTC FX offerings;
-- Deep liquidity with at least 10 market makers;
-- Contract prices quoted using over-the-counter market convention (i.e.: the Million Euro-U.S. dollar contract will be quoted in U.S. dollars per Euro to five decimal places).
-- The rate for ICE Millions futures contracts is $1.35 per side, or per million currency unit, inclusive of exchange and clearing fees.
-- Simplicity of hedging cash market exposure with OTC-style contract design and quotation methodology for funds and proprietary traders active in the cash FX markets; and
-- Elimination of the need to roll daily cash positions.

ICE Transitions US Russell Inded

IntercontinentalExchange (NYSE:ICE) , a has successfully transitioned the U.S. Russell Index complex to ICE Futures U.S.(TM) In June 2007, ICE signed an exclusive license agreement with Russell Investments. This agreement gives ICE exclusive rights to offer futures and options contracts based on Russell's industry-leading U.S. equity indexes, including the Russell 1000(R) Index and Russell 2000(R) Index, as well as the related value and growth indexes offered by Russell. Since the beginning of September, over 2.7 million Russell futures and options contracts have traded on the ICE platform. As of Friday, September 19, open interest in mini equivalent Russell contracts stood at 590,868 compared with 141,111 on September 2.

"We've enhanced our business by diversifying into new markets and executing on our plans to successfully expand and compete in a wide range of markets," said Jeff Sprecher, ICE Chairman and CEO. "We are proud to have the U.S. Russell Index futures complex as the cornerstone of our long-term strategy within the equity index segment. With the Russell 2000 contracts transitioned to ICE, we look forward to marketing and growing other key products within the valuable Russell suite."

"The transition reflects the industry's reliance on the Russell indexes as key benchmarks. In a short time, ICE's marketplace and platform have proven to deliver value in the dynamic equity index markets," said Kelly Haughton, Strategic Director of the Russell Indexes. "ICE has already demonstrated its commitment to building the Russell complex and to bringing effective risk management processes and marketing resources to our indexes. We look forward to continuing our work with the ICE team in capitalizing on the increasing investor interest in the Russell Index futures and options markets."

Russell 2000 Record on ICE

ICE Futures U.S.(TM), announced that its mini Russell 2000(R) Index futures contract set a third consecutive day of record volume and open interest on Wednesday, September 10. The new daily volume high of 150,883 contracts yesterday more than tripled the previous day's record of 36,230. Also on Wednesday, ICE U.S. Dollar Index(R) (USDX(R)) futures posted a new daily volume high of 47,545 contracts, surpassing the previous record established on March 13, 2008.

Beginning next Friday, September 19, Russell Index futures and options on futures contracts will for the first time trade exclusively on ICE. Over $4.4 trillion in assets and more than 99% of small cap institutional assets are benchmarked to Russell indexe