International Petroleum Exchange Adopts Adopts New Name, To Be Traded As ICE

Intercontinental Exchange (ICE), an electronic futures and over the counter energy contract trader, announced that its subsidiaries and business units will operate under the ICE name. The company's regulated futures and options business, formerly known as the International Petroleum Exchange

By None

Intercontinental Exchange (ICE), an electronic futures and over-the-counter energy contract trader, announced that its subsidiaries and business units will operate under the ICE name.

The company’s regulated futures and options business, formerly known as the International Petroleum Exchange (IPE), will operate under the name ICE Futures.

ICE acquired the London-based energy futures and options exchange in 2001 and completed the transition from open-outcry to electronic trading in April 2005. All futures and options contracts, including Brent Crude and Gas Oil futures contracts will retain “IPE” in their contract names and specifications.

ICE’s OTC market data services, formerly known as The 10x Group, as well as the company’s futures market data business will operate as a single business unit under the name ICE Data. ICE’s automated electronic confirmations service for OTC market participants, is known as ICE eConfirm.

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