ICE Clear Europe Completes Transfer or Closure of MF Global UK Ltd Positions

London - 9 November 2011

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that ICE Clear Europe has completed the transfer (termination and replacement of contracts) or closure of all MF Global UK Ltd client and proprietary positions. A large number of client positions, together comprising a substantial majority of MF Global UK Ltd open interest, were transferred to alternative clearing members at the request of customers. The balance of open positions were liquidated. Throughout the close-out process, ICE Clear Europe remained fully collaterised.

"During the last week, ICE Clear Europe and its clearing members have proactively and determinedly worked with clients across the globe to efficiently manage the default of MF Global UK Ltd with minimum impact on the market, the clearing house and its members. I would like to thank our clearing members, the administrator, the regulatory authorities and MF Global UK Ltd's clients for their cooperation and efficiency during the management of this default," said Paul Swann, President, ICE Clear Europe.

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