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03-04-2007, 02:24 PM
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Re: The Ice Exchange
They trade crude oil contracts right? To compete with NYMEX
Fairly new exchange, went public not too long ago. Other than that, I don't know too much about this new Exchange.
__________________
Winfred Life is a comedy for those who think and a tragedy for those who feel.Horace Walpole Doubt all before you believe anything!Sir Francis Bacon 
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03-04-2007, 03:33 PM
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Re: The Ice Exchange
Im not familiar with it. Where is this exchange located? And is ICE the abbreviation for it?
__________________
James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com
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03-04-2007, 08:34 PM
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Re: The Ice Exchange
Yeah they trade oil...as well as a number of other commodities. ICE was around since 1997 but it wasn't called ICE...they probably got some new marketing or something to invent the new name.
The exchange infrastructure is located in London UK I believe, but also in the US and maybe even other parts of europe. It's completely electronic, there's no trading floor. This place is HOT right now, I suggest you dudes look into it and let me know what you find. Supposedly I read somewhere that 70% of US energy trading (OTC) is done on ICE. That's pretty massive volume. Their non-OTC contracts also have heavy volume. This is heavy duty stuff, and maybe the way of the future? Completely electronic exchange? No floor?
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03-22-2007, 01:25 PM
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Re: The Ice Exchange
Look for ICE to take over or merge with one of the Chicago Exchanges sooner rather than later. With its HQ currently in Atlanta, it'll remain a second-tier player until it moves to Chicago or Wall Street.
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03-22-2007, 03:20 PM
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Re: The Ice Exchange
If you are talking about futures, ICE has been around for some time now, it's the old international petroleum exchange (England), and I wouldn't consider it a second tier player. It already does the bulk of US OTC trading, and does near equal volume as NYMEX. Considering how London is now considered by many as the financial center of the world now, ICE seems a perfect setup, away from the bulk of US regulations.....hence huge volume shifting to England.
Now is the time to strike while the irons hot.
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03-22-2007, 05:51 PM
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Re: The Ice Exchange
ICE is mainly a petroleum & natural gas exchange. CME/CBOT is a different market, so those numbers don't apply to us oil speculators.
Really what we are talking about here is NYMEX vs ICE.
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