ICE to Introduce New Cleared Freight and Iron Ore Contracts

IntercontinentalExchange ICE clearing houses and over-the-counter markets, today announced the introduction of clearing for 13 freight swaps and a new iron ore swap through ICE Clear Europe. The new contracts are an extension of the energy portfolio cleared by ICE Clear Europe, and will provide additional capital efficiency and hedging benefits for participants in ICE's OTC and energy futures markets. The new contracts will be offered on a cleared-only basis and will be available beginning 18 April 2011, subject to regulatory approval.