[The Bear]

Anybody do any trading on THE ICE? This seems to be the hottest place on earth right now?

[wsam29]

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.

[Soultrader]

Im not familiar with it. Where is this exchange located? And is ICE the abbreviation for it?

[The Bear]

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?

[sudha78]

ICE share price itself shows how hot it is!

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.

[The Bear]

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.

Combined CBOT and CME have 85% of futures business in the US; what percent does ICE control currently?