IntercontinentalExchange (NYSE: ICE), a leading global exchange operator and over-the-counter (OTC) energy marketplace, was named as the 2007 Energy Exchange of the Year by votes cast for the annual Energy Business Awards.
ICE operates a regulated energy futures exchange, ICE Futures Europe, based in London, as well as the leading global electronic OTC energy marketplace. ICE developed the leading energy trading technology platform, known as the ICE platform, which hosts regulated futures and options on futures trading as well as trading in cleared and bilateral OTC energy markets for natural gas, electric power, European emissions, and crude and refined oil products.
Energy Business rewards excellence in a number of key energy business disciplines to those companies who are making a significant impact on the way energy business is conducted, trading risks mitigated, precious energy resources utilized, energy systems developed, environmental degradation curtailed, energy technology advanced, and energy production and consumption distributed more efficiently and ethically. Specifically, the Energy Exchange of the Year award is conferred on the exchange that has excelled in taking the exchange market forward to the benefit of the overall energy marketplace.
Said ICE Chairman and CEO Jeffrey C. Sprecher, "We are honored to receive this award from Energy Business for a second consecutive year. Such recognition motivates us to continue our development of new technology and initiatives focused on enhancing the vital and rapidly growing global energy markets."
Jeremy Wilcox of the Energy Partnership and founder of the Energy Business Awards said: "This has been another successful year with almost 1,000 voters across 10 categories of excellence. As in previous years, the winners have exhibited leadership, innovation and creativity in addressing key challenges in the evolving and dynamic energy marketplace."
Guy Isherwood, Editor of Commodities Now magazine and co-founder of the Energy Business Awards, said: "All shortlisted companies are worthy representatives in their chosen field of excellence. This year saw a greater number and breadth of companies nominated for these Awards and reflects the growing importance and awareness of energy business disciplines."