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IntercontinentalExchange Announces May Launch of Credit Index Futures Contracts



    IntercontinentalExchange Announces May Launch of Credit Index Futures
                                  Contracts

PR Newswire

NEW YORK, March 11, 2013

NEW YORK, March 11, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE),
a leading operator of global markets and clearing houses, announced today it
will introduce four credit index futures contracts starting in May 2013. The
contracts will be based on the Markit CDX and Markit iTraxx indices, and are
subject to review by the Commodity Futures Trading Commission. 

"These new products were developed with customers to meet their credit risk
management needs. Our new credit index futures contracts provide customers
with the benefits of the fully-regulated futures markets while also serving a
complementary role to the existing credit index swaps market," said Thomas
Farley, SVP, Financial Markets. "We are pleased to work with Markit and to use
their transparent, rules-based indices to develop these contracts."

The four contracts are cash-settled based on the following Markit indices:

  o Markit CDX NA IG
  o Markit CDX NA HY
  o Markit iTraxx Europe (Main)
  o Markit iTraxx Crossover

The Markit CDX and iTraxx credit index futures contracts will reflect
corporate credit spreads and will allow investors and credit market
participants to access and hedge the corporate credit market in a
cost-effective and efficient manner. The "when issued" contracts will be based
on the series following the on-the-run series. This eliminates the risk of an
index constituent default in the "when issued" contract as only non-defaulting
entities will be included in the index when constituted as the next on-the-run
contract.

Credit index futures contracts will be listed twice a year for expiration on
the dates the new series begins trading in the swaps market. At expiration,
any open contracts will be cash-settled based on the Markit-ICE End of Day
Settlement price of the 5-year swap.

The contracts will be listed by ICE Futures U.S. and cleared at ICE Clear U.S.
ICE will introduce additional credit index futures contracts based on market
feedback and demand.

About IntercontinentalExchange
IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated
exchanges and clearing houses serving the risk management needs of global
markets for agricultural, credit, currency, emissions, energy and equity index
products. ICE serves customers in more than 70 countries. www.theice.com  

The following are trademarks of IntercontinentalExchange, Inc. and/or its
affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE
Futures Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Clear
Credit, ICE Futures U.S., and ICE OTC. All other trademarks are the property
of their respective owners. For more information regarding registered
trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated
companies, see https://www.theice.com/terms.jhtml

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, 2012, as
filed with the SEC on February 6, 2013.

ICE-CDS

(Logo:  http://photos.prnewswire.com/prnh/20090727/CL51999LOGO )

SOURCE IntercontinentalExchange

Website: http://www.theice.com
Contact: Media Contact: Brookly McLaughlin, Communications Director, +1 312
836 6728, brookly.mclaughlin@theice.com; Investor Contact: Kelly Loeffler, VP
Investor Relations & Corp. Communications, +1 770 857 4726,
kelly.loeffler@theice.com, or Melanie Skijus, Investor Relations Director, +1
770 857 2532, Melanie.skijus@theice.com
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