ICE and NGX Announce March 3 Launch for Cleared Physical Natural Gas

    ATLANTA, Feb. 27 /CNW/ - IntercontinentalExchange (NYSE:   ICE), a leading
operator of global exchanges and over-the-counter (OTC) markets, and Natural
Gas Exchange Inc. (NGX), a leading energy exchange and clearinghouse, will
offer clearing and settlement services for physical OTC natural gas contracts
beginning March 3, 2008. Physical clearing on select U.S. trading hubs will be
available as part of the previously announced alliance between ICE and NGX.
    The first two natural gas hubs available for cleared physical delivery
will be PG&E Citygate and GTN Malin, with additional U.S. hubs to be announced
in the near future. NGX's clearing organization will serve as the central
counterparty for physical delivery and financial performance.
    Market participants interested in learning more about cleared physical
markets are encouraged to visit the ICE website at and
    ICE pioneered the concept of OTC clearing for financially settled natural
gas and power contracts in 2002. NGX has been clearing physical natural gas
contracts at Canadian hubs since 1994.

    About IntercontinentalExchange

    IntercontinentalExchange(R) (NYSE:   ICE) is a leading operator of global
exchanges and over-the-counter (OTC) markets. ICE offers futures and OTC
markets on a single trading platform, including markets for crude oil and
refined products, natural gas, power and emissions, as well as agricultural
commodities and financial products such as canola, cocoa, coffee, cotton,
ethanol, orange juice, wood pulp, sugar, foreign currency and equity index
futures and options. ICE(R) conducts its energy futures markets, including the
leading oil benchmark contracts, through its London-based exchange, ICE
Futures Europe(TM). ICE conducts its global agricultural commodity, foreign
exchange and equity index futures markets through its U.S. and Canadian
exchanges, ICE Futures U.S.(TM) and ICE Futures Canada(TM), and offers
clearing services through ICE Clear U.S.(TM) ICE's state-of-the-art electronic
trading platform serves market participants in more than 55 countries. ICE is
included in the Russell 1000(R) Index and the S&P 500 Index. Headquartered in
Atlanta, ICE has offices in Calgary, Chicago, Dublin, Houston, London, New
York, Singapore and Winnipeg. For more information, please visit

    About Natural Gas Exchange

    NGX is Canada's leading energy exchange and North America's largest
physical clearing and settlement facility. Since 1994, NGX's unique market
model has provided traders with one of the most highly liquid, secure and
efficient environments available for trading and clearing natural gas and
electricity contracts. NGX is based in Calgary and wholly owned by TSX Group,
which collectively manages all aspects of Canada's senior and junior equity
markets. For more information, please visit

    Safe Harbor Statement under the Private Securities Litigation Reform Act 
of 1995 - Statements in this press release regarding 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, 2007, as filed with the SEC on February
13, 2008.

For further information:

For further information: ICE - Investor Contacts: Kelly Loeffler, VP,
Investor Relations & Corp. Communications, IntercontinentalExchange, (770)
857-4726,; Sarah Stashak, Director, Investor &
Public Relations, IntercontinentalExchange, (770) 857-0340,; Media Contact: Ellen G. Resnick, Crystal Clear
Communications, (773) 929-9292 (o), (312) 399-9295 (c),; NGX - Investor Contact: Paul Malcolmson,
Director, Investor & Public Relations, TSX Group, (416) 947-4317,; Media Contact: Steve Kee, Director, Corporate
Communications, TSX Group, (416) 947-4682,

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