ICE Moving from LCH.Clearnet to ICE Clear Europe

ICE Clear Europe is to transition all of ICE Futures Europe(TM) and ICE over-the-counter (OTC) trading positions from LCH.Clearnet to ICE Clear Europe as of Monday, November 3, 2008.

The transition preparations will occur over the weekend of November 1-2. Since the earlier planned transition date of September 15, the CPS system developed for ICE Clear Europe has been used by LCH.Clearnet, representing the completion of a key phase of the technical transition. The final transition of funds and positions was delayed due to the default of a clearing member firm in September.

Since its recognition by the Financial Services Authority (FSA) on May 12, 2008, ICE Clear Europe has received membership applications from 47 clearing firms and the transfer of 100% of the open positions established at ICE Futures Europe and ICE OTC from LCH to ICE Clear Europe has been facilitated (effective at transition). Under the active oversight of the FSA, ICE Clear Europe has worked diligently with clearing members and third-party systems providers to complete the transition plan. The existing futures and OTC clearing arrangements between ICE and LCH will remain in effect until the transition is complete.

ICE Reiterates Hours During Hurricane

IntercontinentalExchange (NYSE:ICE) , has issued a reminder in advance of Hurricane Ike that all ICE OTC markets, including the Henry Hub natural gas swap, are open around-the-clock throughout the weekend, per the exchange's standard seven-day per week operating schedule.
ICE OTC energy markets will be available beginning at midnight on Friday, September 12, continuously through 6:30 p.m. ET on Monday, September 15. The markets will re-open on Monday at 7:30 p.m. ET, per the standard operating hours.

ICE's crude oil futures markets on ICE Futures Europe will also maintain standard operating hours, re-opening the afternoon of Sunday, September 14 at 6:00 p.m. ET. ICE will expand its standard after-hours and weekend support. Market participants may contact the ICE Helpdesk at (770) 738-2101 for around-the-clock market support.

International OTCQX

International OTCQX provides a gateway to U.S. securities markets for international companies that are listed on a qualified non-U.S. exchange and provide ongoing disclosure in English to U.S. investors. More importantly, International OTCQX distinguishes the reputable international issuers from the 8,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier International OTCQX, which commenced trading on March 5, 2007. For more about International OTCQX, visit www.otcqx.com.