2007'11.23.Fri
Platts and IntercontinentalExchange Announce Comprehensive Forward Curve Products for North American Natural Gas and Power Markets
October 29, 2007
NEW YORK, and ATLANTA, Oct. 29 /Xinhua-PRNewswire/ -- Platts, a leading energy and commodities information provider and a division of The McGraw-Hill Companies (NYSE: MHP), and IntercontinentalExchange, Inc. (NYSE: ICE), a leading global commodity exchange operator, have agreed to integrate market data generated by trading in ICE's over-the-counter (OTC) markets into Platts forward curve data products available to the North American natural gas and electricity markets. These forward-pricing data products will provide risk managers, planners, traders and analysts with daily assessments of pricing in the forward markets. "The Platts-ICE Forward Curve data products offer the industry a comprehensive and independent view of forward pricing in the natural gas and power markets in North America," said Platts President Victoria Chu Pao. "By combining the data already collected by Platts editors with a rich stream of additional transactional data provided by ICE, we now offer the industry forward curve products with a depth and breadth unparalleled in the marketplace today." The enhancement of the natural gas and electricity forward curve products is in response to rising industry demand for independent, market-based forward curve price assessments based on the fullest range of market data available. Platts, with nearly a century of experience reporting energy and price information, has been producing forward curve price assessments in a variety of energy markets since 2001. ICE, the leading electronic OTC energy marketplace, offers trading and risk management in hundreds of products, resulting in a rich set of data to augment the Platts data. "Platts' reputation for quality and accuracy within energy markets made them a natural choice to develop and deliver enhanced North American forward curve products," said Jeffrey C. Sprecher, ICE chairman and chief executive officer. "As a neutral and liquid source of market information, we are able to support the coverage of these innovative products. The Platts-ICE Forward Curves will provide the marketplace with a complete and independent set of curves tailored to meet the growing risk management needs of the trading community." For more information on the products, visit http://www.risk.platts.com . About Platts: Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and metals information. With nearly a century of business experience, Platts serves customers across more than 150 countries. From 14 offices worldwide, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical and metals markets. Platts' real time news, pricing, analytical services, and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com . About The McGraw-Hill Companies: Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com . About IntercontinentalExchange: IntercontinentalExchange(R) (NYSE: ICE) operates global commodity and financial products marketplaces, including the world's leading electronic energy markets and soft commodity exchange. ICE's diverse futures and over-the-counter (OTC) markets offer contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including canola, cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, in addition to foreign currency and equity index futures and options. ICE(R) conducts its energy futures markets through ICE Futures Europe(sm), its London-based futures exchange, which offers the world's leading oil benchmarks and trades nearly half of the world's global crude futures in its markets. ICE conducts its soft commodity, foreign exchange and equity index markets through its U.S. futures exchange, ICE Futures U.S.(sm), which provides global futures and options markets, as well as clearing services through ICE Clear U.S.(sm) In August 2007, ICE acquired the Winnipeg Commodity Exchange Inc., the leading agricultural futures exchange in Canada. ICE's state-of-the-art electronic trading platform brings market access and transparency to participants in more than 50 countries. ICE was added to the Russell 1000(R) Index in June 2006 and the S&P 500 Index in September 2007. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Dublin, Houston, London, New York, Singapore and Winnipeg. For more information, please visit http://www.theice.com . Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - 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. For more information, please contact: Platts US -- Kathleen Tanzy Tel: +1-212-904-2860 Email: kathleen_tanzy@platts.com Asia -- Casey Yew Tel: +65-653-06552 Email: casey_yew@platts.com Europe -- Shiona Ramage Tel: +44-207-176-6153 Email: shiona_ramage@platts.com ICE US -- Kelly L. Loeffler Tel: +1-770-857-4726 Email: kelly.loeffler@theice.com
PR
Post your Comment
広告
ブログ内検索
アーカイブ
カウンター