Glencore Selects ICE Instant Messaging (IM) for Oil Trading Division
28 June 2016 - 11:00PM
Business Wire
ICE IM users up 15 percent since January
Intercontinental Exchange (NYSE:ICE), a leading operator of
global exchanges and clearing houses and provider of data and
listings services, today announced that Glencore has selected ICE
Instant Messaging (IM) for its oil trading division. Glencore is
one of the world’s largest global diversified natural resource
companies and a major producer and trader of more than 90
commodities. ICE IM is part of the desktop and trading tools
offered by ICE Data Services and is designed specifically for the
trading community, with broad distribution that allows customers to
collaborate with other global market participants in a secure,
reliable environment that meets rigorous compliance
requirements.
The number of users for ICE IM has grown 15 percent since the
beginning of 2016 to more than 10,000 active users. Yahoo! said
earlier this year that it will discontinue its Messenger service on
August 5, 2016, and will migrate users to an alternate platform
which doesn’t support common IM features relied upon by the trading
community or compliance functionality most firms require. ICE IM is
available to all active ICE customers and their counterparties, and
is available as a stand-alone service or as part of the trading
screen, WebICE.
ICE IM’s functionality includes:
- Message Blaster - allows traders
and brokers to send a single message to multiple contacts to
quickly discover prices.
- Chat Rooms - participants can
collaborate with colleagues and users outside their firm in a
compliant bilateral or multi-party environment with
permission-based user controls.
- SmartText Recognition -
transforms text-based market information into structured market
data that can be used to more quickly identify trading
opportunities.
- Mobile Messaging - offers
real-time synchronization with the ICE mobile app so users can
access contacts and messages, with real-time notifications.
“We’re pleased to have Glencore as part of our IM network, and
with the overall growth we’ve seen in users so far this year,” said
Lynn Martin, President and COO of ICE Data Services. “From an
enterprise level, ICE IM provides the tools needed for traders,
risk managers, operations professionals and IT across the firm to
collaborate with global market participants in a stable, secure and
regulatory-compliant environment.”
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading
network of global futures and equity exchanges and provides world
class clearing, data and listing services across many markets. The
New York Stock Exchange is the world leader in capital raising and
equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located at
www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 -- Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2015, as
filed with the SEC on February 4, 2016.
SOURCE: Intercontinental Exchange
ICE-CORP
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ICE Media Contact:Damon Leavell+1 212 323
8587damon.leavell@theice.commedia@theice.cominvestors@theice.com
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