eSpeed licenses futures for Atlanta’s Ice

- By Risk Staff
- 02 May 2002

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Technology company eSpeed has licensed its electronic futures trading patent to online energy platform IntercontinentalExchange (Ice).

The move will enable Ice to expand its electronic trading platform to cover energy futures and options contracts, which are currently traded by open-outcry on the International Petroleum Exchange (IPE), the London-based energy exchange acquired by Ice last year.

Under the terms of the agreement, Ice will pay eSpeed a periodic royalty of at least $2 million a

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