Electronic energy marketplace, IntercontinentalExchange announced that it will list an additional 13 new cleared contracts in its electronic over-the-counter (OTC) markets for trading beginning Friday, April 7.
These contracts follow the 20 contracts listed last month and are part of the company’s plans to introduce 50 new cleared contracts in the first half of 2006.
The new set of products consists of five financial power OTC contracts and eight financial gas OTC swap contracts, which are currently offered on the ICE platform on a bilateral basis. The financial power contracts that will soon be available for OTC clearing include: Mid-C Off Peak Power; MISO Off Peak Power; Palo Off Peak Power; NP-15 Off Peak Power; SP-15 Off Peak Power.
The financial gas contracts that will be available are: AB-NIT Swing Swap (Platts Inside FERC); Demarc Basis Swap (Platts Inside FERC); HSC Index Swap (Platts Inside FERC); Michcon Basis Swap (Platts Inside FERC); NGPL Mid-Cont Basis Swap (Platts Inside FERC); TETCO STX Basis Swap (Platts Inside FERC); Transco Zone 3 Basis Swap (Platts Inside FERC); Ventura Basis Swap (Platts Inside FERC).