ICE to inaugurate New York trading floor

IntercontinentalExchange Inc. will open a trading center in New York's World Financial Center on April 12 to serve qualified professional traders. The floor will provide access to ICE's electronic markets across energy, soft commodities, and eventually, foreign exchange and index products, ICE wrote in a statement. Additionally, the floor will provide access to other derivatives and securities markets so that traders can view and trade a range of markets. "We saw a unique opportunity to leverage our location in lower Manhattan and our technology to address the demand for participation in ICE's growing electronic derivatives marketplace," said chairman and chief executive, Jeffrey C. Sprecher, in the statement. The center is adjacent to the New York Board of Trade, the exchange’s futures and options exchange, which the Atlanta-based electronic exchange purchased earlier this year. (InvestmentNews, January 15)