IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the acquisition of TradeCapture OTC, a leading provider of web-enabled solutions for commodity trading with real-time prices. Previously known as Tap and Trade(TM) the application is now known as ICE mobile(TM) and available online in the Apple App Store. ICE mobile delivers real time market data, is available to WebICE users via their WebICE account ID, and will be expanded later this year to offer mobile trading.
Said David Goone, ICE svp and Chief Strategic Officer: "We’re pleased to launch ICE mobile and to bring the team that developed and delivered this innovative, practical application together with ICE’s technology and global markets. Mobile tools are an example of our initiatives aimed at meeting customers’ needs for real-time market data from anywhere."
Said Vinnie Annunziata, ICE v.p. of Business Development and founder of TradeCapture OTC: "Continuous access to data and flexible market views are critical to staying connected in global markets. We are proud of the next-generation tools for commodity market participants we’ve developed and excited about bringing these and additional capabilities together with ICE’s markets, broad distribution and scale."
"We have quickly come to rely on the productivity, information and flexibility this application brings our trading operations," said Chris Mudry of Mercuria. "The ability to view real-time prices, create customizable views and charting replicates the capabilities we have on our desktop. There’s not another mobile app like it for the commodity markets today."
Version 1.0 of the ICE mobile app enables WebICE users to view real time data for ICE’s markets from an iPhone, iPod Touch or iPad. The next version of ICE mobile will enable trading of ICE’s futures and OTC markets, including integration with the user’s WebICE account to provide the same services available from a desktop. ICE also plans to offer mobile versions for Blackberry and Android devices in the future.
Tap and Trade was recognized by Energy Risk magazine for its innovation in delivering the first and most feature-rich trading and risk management application via the iPhone. TradeCapture OTC created the industry leading mobile application for accessing global commodity markets and managing risk from anywhere.
A free trial for WebICE users of ICE mobile is in place through the end of 2010. For more information on ICE mobile, as well as a demo and security whitepaper, please see www.theice.com/mobile.
