Oct. 2, 2009 (PR Newswire) --
NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- IntercontinentalExchange(®) (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today issued a correction to an inaccurate Bloomberg story stating that a two-month delay was in place for the delivery of its buy-side solution. The story reports the date of December 15 as the rollout date for ICE's credit default swaps (CDS) customer solution for clearing. However, December 15 is the deadline by which the dealer community has committed to provide a customer solution for CDS clearing. ICE reiterates that its buy-side solution will be operationally ready this month, and will begin to deliver clearing in November, subject to final regulatory approvals. Additional details will be provided in the near future.
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About IntercontinentalExchange
IntercontinentalExchange(®) (NYSE: ICE) operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets. ICE Futures Europe(®) hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S.(®) and ICE Futures Canada(®) list agricultural, currency and Russell Index markets. ICE offers trade execution and processing for the credit derivatives markets through Creditex and ICE Link(TM), respectively, and CDS clearing through ICE Trust(TM) and ICE Clear Europe(®). A component of the Russell 1000(®) and S&P 500 indexes, ICE(®) serves customers in more than 50 countries and is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. 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 additional 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, 2008, as filed with the SEC on February 11, 2009.
SOURCE IntercontinentalExchange
