NEW YORK and ATLANTA, Oct. 29 /CNW/ -- 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
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
For more information on the products, visit www.risk.platts.com.
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
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
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 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 further information:
For further information: Platts Contacts: US: Kathleen Tanzy
212-904-2860 firstname.lastname@example.org Asia: Casey Yew +65 653 06552
email@example.com Europe: Shiona Ramage +44207 1766153
firstname.lastname@example.org ICE Contacts: US: Kelly L. Loeffler 770.857.4726
email@example.com Web Site: http://www.platts.com