IntercontinentalExchange Picks IBM Servers to Speed Energy Trades, Reduce Costs

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ATLANTA, GA - 22 Sep 2005: The world's largest electronically traded energy marketplace, IntercontinentalExchange (ICE), has selected IBM servers to provide clients with the ability to complete trades faster and with greater reliability.

The move has also tripled ICE's processing speed and reduced annual operating costs by $300,000.

ICE chose IBM pSeries servers, based on IBM's POWER5 processors, to replace its existing Sun servers. The increased speed of the new servers allows customers to trade faster and more often, providing the means to capture trading opportunities quickly.

Each month, over 7,000 energy market participants, such as clients and regulators, conduct business through ICE's online, electronic marketplace. The Internet-based trading platform eliminates many of the inefficiencies and expenses of completing transactions via telephone. However, ICE was looking for an infrastructure that would create even greater trading availability, reduce expenses, support volume growth and create a more efficient and scalable operating environment.

"IBM is an ideal partner for ICE because of the speed and scalability of its servers and its ability to support our future growth," said Mark Wassersug, ICE vice president of operations. "In addition to increasing our processing speed and reducing cost, the new systems require only 30 percent of the physical space and significantly less power and cooling than the Sun systems."

In addition to the IBM POWER5 processor-based eServer p5 570 systems, ICE worked with IBM to implement a storage area network to enhance business continuity, redundancy and system recovery.

"We worked closely with ICE's technology team to determine their current and future computing needs. ICE can now grow on demand in terms of power and capacity," said Patricia Falotico, IBM vice president for global midsize business.