ice continues attract consolidate liquidity january 16 2002 ice continues attract consolidate liquidity average daily trading activity 30 january new daily records set north american power gas atlanta ga january 16 2002 ice one world liquid fastest growing commodity marketplaces announced today trading volumes continue grow record pace average daily activity system wide 30 month ago ice also set new daily trading records north american power volume 17 million mwhs megawatt hours january 14 th north american natural gas volume 630 bcf billion cubic feet traded january 9 th volumes indicate market remains healthy despite loss major player liquidity continues attracted ice platform said chuck vice coo ability ice users minimize exposure one firm broadly distributing business across large diverse group counterparties coupled role neutral marketplace attracting incredible volume expect trend continue february begin offering clearing services via global banking brokerage community owns operates london clearing house date month month comparisons market ice follows market mtd jan 02 daily average increase dec 01 daily average north american power megawatt hours 12 million 51 north american gas cubic feet 415 billion 37 european gas therms 117 million 32 oil equivalent barrels 9 million 10 precious metals equivalent gold oz 600 000 100 ice emissions weather derivative markets continue active well january volumes date doubling december open access multi lateral electronic marketplace built strong track record offering increased liquidity transparency otc market participants 500 world largest commodity trading firms ice participants one world liquid fastest growing commodity marketplaces owned 100 world leading energy metals traders brokers bankers ice electronic trading system installed 8 500 desktops worldwide traders log day business week trade 600 listed commodity derivative contract types broadly include crude oil refined products natural gas power precious metals weather derivatives emissions allowances contract forms include physical delivery well financially settled swaps spreads differentials options based variety fixed floating price indices based atlanta offices new york houston chicago london singapore ice taking technological revolution occurred international financial markets extending global commodity markets owner international petroleum exchange london ipe europe leading energy futures options exchange ipe provides highly regulated open outcry electronic marketplaces industry participants use futures options minimize price risk exposure physical energy market products traded ipe include brent crude futures options gas oil futures options natural gas futures electricity baseload futures