IntercontinentalExchange pricing changes |
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Tue, 13 Mar 2007 18:01
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ATLANTA (AP) - IntercontinentalExchange Inc., which operates an electronic exchange on which futures contracts are bought and sold, said Tuesday it is raising prices for some of its futures markets.Beginning July 1, ICE Futures oil futures and options will carry an exchange fee of 73 cents per contract per side, up from the current rate of 70 cents.The rate for exchange-for-physicals, exchange-for-swaps and block trades also will rise 3 cents to $1.23 per contract per side.These changes will coincide with the expected drop in related clearing fees to 9 cents from 12 cents per contract per side, announced by London-based LCH.Clearnet on Friday.Beginning April 1, the New York Board of Trade will eliminate 'pass-out' credits for its products when traded electronically. Pass-out credits were earned when a trader bought and sold a Board of Trade contract at the same price within the same day.IntercontinentalExchange shares fell $3.35, or 2.5 percent, to $131.10 in afternoon trading on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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