ICE continues European drive, holds off on European weather

Atlanta-based Intercontinental Exchange (ICE), last month expanded its presence in the European energy markets. On May 23 it launched over-the-counter (OTC) trading in UK, German and French power markets, and it expects to add OTC trading in European coal by the middle of this month. ICE also plans to extend its clearing services to the OTC UK natural gas and European power markets. But although the exchange is considering offering European weather contracts, it has put a hold on launching t