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<br /> <br /> What is our business?<br /> “Success always obsoletes the ver y behavior that achieved it. It always creates new realities. It always creates, above all, its own and different<br /> problems. It is not easy for the management of a successful company to ask, `What is our business?' Everybody in the company thinks that<br /> the answer is so obvious as not to deserve discussion. It is never popular to argue with success, never popular to rock the boat. But the<br /> management that does not ask `What is our business?' when the company is successful is, in effect, smug, lazy and arrogant. It will not be long<br /> before success will turn into failure.” – Peter F. Drucker<br /> Dear Fellow Shareholder:<br /> I am proud of the performance of IntercontinentalExchange (ICE) in 2011,<br /> especially in light of the uncertain regulatory and economic environment<br /> in which it was achieved.We again d<a title="ICE-20120327-AR-EJK.pdf page 1" href="http://viewer.zmags.com/publication/bc17d42b?page=1"> </a> <a title="ICE-20120327-AR-EJK.pdf page 2" href="http://viewer.zmags.com/publication/bc17d42b?page=2"> What is our business? “Success always obsol</a> <a title="ICE-20120327-AR-EJK.pdf page 3" href="http://viewer.zmags.com/publication/bc17d42b?page=3"> first cleared sovereign CDS in our industry — duri</a> <a title="ICE-20120327-AR-EJK.pdf page 4" href="http://viewer.zmags.com/publication/bc17d42b?page=4"> Letter to Shareholders (continued) futures cont</a> <a title="ICE-20120327-AR-EJK.pdf page 5" href="http://viewer.zmags.com/publication/bc17d42b?page=5"> UNITED STATES SECURITIES AND EXCHANGE COMMISSION </a> <a title="ICE-20120327-AR-EJK.pdf page 6" href="http://viewer.zmags.com/publication/bc17d42b?page=6"> INTERCONTINENTALEXCHANGE, INC. ANNUAL R</a> <a title="ICE-20120327-AR-EJK.pdf page 7" href="http://viewer.zmags.com/publication/bc17d42b?page=7"> PART I In this Annual Report on Form 10-K, unles</a> <a title="ICE-20120327-AR-EJK.pdf page 8" href="http://viewer.zmags.com/publication/bc17d42b?page=8"> · conditions in global financial market</a> <a title="ICE-20120327-AR-EJK.pdf page 9" href="http://viewer.zmags.com/publication/bc17d42b?page=9"> clearing a broad array of energy and agricultural</a> <a title="ICE-20120327-AR-EJK.pdf page 10" href="http://viewer.zmags.com/publication/bc17d42b?page=10"> We operate and manage our business on th</a> <a title="ICE-20120327-AR-EJK.pdf page 11" href="http://viewer.zmags.com/publication/bc17d42b?page=11"> ICE Futures U.S. is a leading global fut</a> <a title="ICE-20120327-AR-EJK.pdf page 12" href="http://viewer.zmags.com/publication/bc17d42b?page=12"> · geographic and product diversity with multiple</a> <a title="ICE-20120327-AR-EJK.pdf page 13" href="http://viewer.zmags.com/publication/bc17d42b?page=13"> The following table shows the gross noti</a> <a title="ICE-20120327-AR-EJK.pdf page 14" href="http://viewer.zmags.com/publication/bc17d42b?page=14"> development of new traded contracts, platforms fo</a> <a title="ICE-20120327-AR-EJK.pdf page 15" href="http://viewer.zmags.com/publication/bc17d42b?page=15"> Our Growth Strategy The record consolid</a> <a title="ICE-20120327-AR-EJK.pdf page 16" href="http://viewer.zmags.com/publication/bc17d42b?page=16"> the March 2009 launch of ICE Clear Credit and the</a> <a title="ICE-20120327-AR-EJK.pdf page 17" href="http://viewer.zmags.com/publication/bc17d42b?page=17"> natural gas, coal and power. Our largest contract</a> <a title="ICE-20120327-AR-EJK.pdf page 18" href="http://viewer.zmags.com/publication/bc17d42b?page=18"> These clearing houses clear, settle and </a> <a title="ICE-20120327-AR-EJK.pdf page 19" href="http://viewer.zmags.com/publication/bc17d42b?page=19"> financial obligations become exceptionally large </a> <a title="ICE-20120327-AR-EJK.pdf page 20" href="http://viewer.zmags.com/publication/bc17d42b?page=20"> provide liquidity for the clearing operations of </a> <a title="ICE-20120327-AR-EJK.pdf page 21" href="http://viewer.zmags.com/publication/bc17d42b?page=21"> energy contracts were $371.9 million for the year</a> <a title="ICE-20120327-AR-EJK.pdf page 22" href="http://viewer.zmags.com/publication/bc17d42b?page=22"> Our CDS clearing solutions were designed</a> <a title="ICE-20120327-AR-EJK.pdf page 23" href="http://viewer.zmags.com/publication/bc17d42b?page=23"> our energy futures markets, either directly as me</a> <a title="ICE-20120327-AR-EJK.pdf page 24" href="http://viewer.zmags.com/publication/bc17d42b?page=24"> member ceased its operations, we believe that the</a> <a title="ICE-20120327-AR-EJK.pdf page 25" href="http://viewer.zmags.com/publication/bc17d42b?page=25"> Effective July 16, 2011, ICE Clear Credi</a> <a title="ICE-20120327-AR-EJK.pdf page 26" href="http://viewer.zmags.com/publication/bc17d42b?page=26"> leading hardware, software and networking provide</a> <a title="ICE-20120327-AR-EJK.pdf page 27" href="http://viewer.zmags.com/publication/bc17d42b?page=27"> and over 4,000 connections to our platform throug</a> <a title="ICE-20120327-AR-EJK.pdf page 28" href="http://viewer.zmags.com/publication/bc17d42b?page=28"> for contact organization and quote distribution. </a> <a title="ICE-20120327-AR-EJK.pdf page 29" href="http://viewer.zmags.com/publication/bc17d42b?page=29"> markets. The foundation for ICEcap is our enterpr</a> <a title="ICE-20120327-AR-EJK.pdf page 30" href="http://viewer.zmags.com/publication/bc17d42b?page=30"> electronic trading platforms and voice brokers. P</a> <a title="ICE-20120327-AR-EJK.pdf page 31" href="http://viewer.zmags.com/publication/bc17d42b?page=31"> ICE Futures U.S. competes with tradition</a> <a title="ICE-20120327-AR-EJK.pdf page 32" href="http://viewer.zmags.com/publication/bc17d42b?page=32"> ICE Futures U.S. holds exclusive license</a> <a title="ICE-20120327-AR-EJK.pdf page 33" href="http://viewer.zmags.com/publication/bc17d42b?page=33"> crisis management plans that address responses to</a> <a title="ICE-20120327-AR-EJK.pdf page 34" href="http://viewer.zmags.com/publication/bc17d42b?page=34"> do not meet the definition of significant price d</a> <a title="ICE-20120327-AR-EJK.pdf page 35" href="http://viewer.zmags.com/publication/bc17d42b?page=35"> (futures in one class and swaps in another class)</a> <a title="ICE-20120327-AR-EJK.pdf page 36" href="http://viewer.zmags.com/publication/bc17d42b?page=36"> the CFTC and in Europe, legislative bodies are co</a> <a title="ICE-20120327-AR-EJK.pdf page 37" href="http://viewer.zmags.com/publication/bc17d42b?page=37"> recognized clearing house, enjoy statutory immuni</a> <a title="ICE-20120327-AR-EJK.pdf page 38" href="http://viewer.zmags.com/publication/bc17d42b?page=38"> Regulation in Canada ICE Futures Canada</a> <a title="ICE-20120327-AR-EJK.pdf page 39" href="http://viewer.zmags.com/publication/bc17d42b?page=39"> Since our business is primarily transaction-based</a> <a title="ICE-20120327-AR-EJK.pdf page 40" href="http://viewer.zmags.com/publication/bc17d42b?page=40"> contractual price risk or take speculative or arb</a> <a title="ICE-20120327-AR-EJK.pdf page 41" href="http://viewer.zmags.com/publication/bc17d42b?page=41"> represented 34%, 32% and 30% of our consolidated </a> <a title="ICE-20120327-AR-EJK.pdf page 42" href="http://viewer.zmags.com/publication/bc17d42b?page=42"> access provision that would require a clearing ho</a> <a title="ICE-20120327-AR-EJK.pdf page 43" href="http://viewer.zmags.com/publication/bc17d42b?page=43"> In addition, our regulators have broad e</a> <a title="ICE-20120327-AR-EJK.pdf page 44" href="http://viewer.zmags.com/publication/bc17d42b?page=44"> especially for CDS products, and although we beli</a> <a title="ICE-20120327-AR-EJK.pdf page 45" href="http://viewer.zmags.com/publication/bc17d42b?page=45"> the loan market constrained and be unable to secu</a> <a title="ICE-20120327-AR-EJK.pdf page 46" href="http://viewer.zmags.com/publication/bc17d42b?page=46"> We intend to continue offering new products and t</a> <a title="ICE-20120327-AR-EJK.pdf page 47" href="http://viewer.zmags.com/publication/bc17d42b?page=47"> including regulatory or government approvals or c</a> <a title="ICE-20120327-AR-EJK.pdf page 48" href="http://viewer.zmags.com/publication/bc17d42b?page=48"> industry is characterized by rapid technological </a> <a title="ICE-20120327-AR-EJK.pdf page 49" href="http://viewer.zmags.com/publication/bc17d42b?page=49"> We could experience system failures due </a> <a title="ICE-20120327-AR-EJK.pdf page 50" href="http://viewer.zmags.com/publication/bc17d42b?page=50"> Fluctuations in foreign currency exchange rates m</a> <a title="ICE-20120327-AR-EJK.pdf page 51" href="http://viewer.zmags.com/publication/bc17d42b?page=51"> matched principal transactions accounted for appr</a> <a title="ICE-20120327-AR-EJK.pdf page 52" href="http://viewer.zmags.com/publication/bc17d42b?page=52"> We have filed patent applications in the</a> <a title="ICE-20120327-AR-EJK.pdf page 53" href="http://viewer.zmags.com/publication/bc17d42b?page=53"> ITEM 1 (B). UNRESOLVED STAFF COMMENTS None. IT</a> <a title="ICE-20120327-AR-EJK.pdf page 54" href="http://viewer.zmags.com/publication/bc17d42b?page=54"> ITEM 4 (A). EXECUTIVE OFFICERS OF INTERCONTINE</a> <a title="ICE-20120327-AR-EJK.pdf page 55" href="http://viewer.zmags.com/publication/bc17d42b?page=55"> he developed institutional and corporate business</a> <a title="ICE-20120327-AR-EJK.pdf page 56" href="http://viewer.zmags.com/publication/bc17d42b?page=56"> PART II ITEM 5. MARKET FOR REGISTRANT'S COMM</a> <a title="ICE-20120327-AR-EJK.pdf page 57" href="http://viewer.zmags.com/publication/bc17d42b?page=57"> Equity Compensation Plan Information Th</a> <a title="ICE-20120327-AR-EJK.pdf page 58" href="http://viewer.zmags.com/publication/bc17d42b?page=58"> not have an expiration date. Under a trading plan</a> <a title="ICE-20120327-AR-EJK.pdf page 59" href="http://viewer.zmags.com/publication/bc17d42b?page=59"> (1) We acquired several companies during the year</a> <a title="ICE-20120327-AR-EJK.pdf page 60" href="http://viewer.zmags.com/publication/bc17d42b?page=60"> (1) We have historically invested a portion of ou</a> <a title="ICE-20120327-AR-EJK.pdf page 61" href="http://viewer.zmags.com/publication/bc17d42b?page=61"> We conduct our regulated U.K.-based ener</a> <a title="ICE-20120327-AR-EJK.pdf page 62" href="http://viewer.zmags.com/publication/bc17d42b?page=62"> Contract Markets are now subject to new core prin</a> <a title="ICE-20120327-AR-EJK.pdf page 63" href="http://viewer.zmags.com/publication/bc17d42b?page=63"> We have applied to register our ICE Trad</a> <a title="ICE-20120327-AR-EJK.pdf page 64" href="http://viewer.zmags.com/publication/bc17d42b?page=64"> On July 15, 2011, we acquired 31.6 milli</a> <a title="ICE-20120327-AR-EJK.pdf page 65" href="http://viewer.zmags.com/publication/bc17d42b?page=65"> · Compensation and benefits expenses increased</a> <a title="ICE-20120327-AR-EJK.pdf page 66" href="http://viewer.zmags.com/publication/bc17d42b?page=66"> · Regulatory Considerations: The implementati</a> <a title="ICE-20120327-AR-EJK.pdf page 67" href="http://viewer.zmags.com/publication/bc17d42b?page=67"> Our Futures Segment The following table presents</a> <a title="ICE-20120327-AR-EJK.pdf page 68" href="http://viewer.zmags.com/publication/bc17d42b?page=68"> Revenues in our ICE ECX emission futures</a> <a title="ICE-20120327-AR-EJK.pdf page 69" href="http://viewer.zmags.com/publication/bc17d42b?page=69"> A futures contract is a standardized con</a> <a title="ICE-20120327-AR-EJK.pdf page 70" href="http://viewer.zmags.com/publication/bc17d42b?page=70"> The following table presents key futures</a> <a title="ICE-20120327-AR-EJK.pdf page 71" href="http://viewer.zmags.com/publication/bc17d42b?page=71"> counterparty to a trade and, for bilateral trades</a> <a title="ICE-20120327-AR-EJK.pdf page 72" href="http://viewer.zmags.com/publication/bc17d42b?page=72"> The following table presents the total v</a> <a title="ICE-20120327-AR-EJK.pdf page 73" href="http://viewer.zmags.com/publication/bc17d42b?page=73"> The following table presents the OTC average dail</a> <a title="ICE-20120327-AR-EJK.pdf page 74" href="http://viewer.zmags.com/publication/bc17d42b?page=74"> Consolidated Operating Expenses The following ta</a> <a title="ICE-20120327-AR-EJK.pdf page 75" href="http://viewer.zmags.com/publication/bc17d42b?page=75"> Consolidated Non-Operating Income (Expenses) The</a> <a title="ICE-20120327-AR-EJK.pdf page 76" href="http://viewer.zmags.com/publication/bc17d42b?page=76"> 36% for the years ended December 31, 2011, 2010 a</a> <a title="ICE-20120327-AR-EJK.pdf page 77" href="http://viewer.zmags.com/publication/bc17d42b?page=77"> Quarterly Results of Operations We beli</a> <a title="ICE-20120327-AR-EJK.pdf page 78" href="http://viewer.zmags.com/publication/bc17d42b?page=78"> Liquidity and Capital Resources Since </a> <a title="ICE-20120327-AR-EJK.pdf page 79" href="http://viewer.zmags.com/publication/bc17d42b?page=79"> Cash Flow The following tables present the major</a> <a title="ICE-20120327-AR-EJK.pdf page 80" href="http://viewer.zmags.com/publication/bc17d42b?page=80"> Financing Activities Consolidated net c</a> <a title="ICE-20120327-AR-EJK.pdf page 81" href="http://viewer.zmags.com/publication/bc17d42b?page=81"> The entire unpaid principal amount of th</a> <a title="ICE-20120327-AR-EJK.pdf page 82" href="http://viewer.zmags.com/publication/bc17d42b?page=82"> reason, we may need to incur additional debt or i</a> <a title="ICE-20120327-AR-EJK.pdf page 83" href="http://viewer.zmags.com/publication/bc17d42b?page=83"> Adjusted net income attributable to ICE </a> <a title="ICE-20120327-AR-EJK.pdf page 84" href="http://viewer.zmags.com/publication/bc17d42b?page=84"> interest expenses related to our New Credit Facil</a> <a title="ICE-20120327-AR-EJK.pdf page 85" href="http://viewer.zmags.com/publication/bc17d42b?page=85"> settlement because it is not possible to reasonab</a> <a title="ICE-20120327-AR-EJK.pdf page 86" href="http://viewer.zmags.com/publication/bc17d42b?page=86"> Russell licensing agreement. We do not amortize g</a> <a title="ICE-20120327-AR-EJK.pdf page 87" href="http://viewer.zmags.com/publication/bc17d42b?page=87"> reporting units have significantly exceeded their</a> <a title="ICE-20120327-AR-EJK.pdf page 88" href="http://viewer.zmags.com/publication/bc17d42b?page=88"> Income Taxes We are subject to income t</a> <a title="ICE-20120327-AR-EJK.pdf page 89" href="http://viewer.zmags.com/publication/bc17d42b?page=89"> December 31, 2011, 2010 and 2009, respectively. D</a> <a title="ICE-20120327-AR-EJK.pdf page 90" href="http://viewer.zmags.com/publication/bc17d42b?page=90"> were denominated in pounds sterling, euros or Can</a> <a title="ICE-20120327-AR-EJK.pdf page 91" href="http://viewer.zmags.com/publication/bc17d42b?page=91"> Our investment in Cetip was recorded as </a> <a title="ICE-20120327-AR-EJK.pdf page 92" href="http://viewer.zmags.com/publication/bc17d42b?page=92"> ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY </a> <a title="ICE-20120327-AR-EJK.pdf page 93" href="http://viewer.zmags.com/publication/bc17d42b?page=93"> REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FIN</a> <a title="ICE-20120327-AR-EJK.pdf page 94" href="http://viewer.zmags.com/publication/bc17d42b?page=94"> REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTIN</a> <a title="ICE-20120327-AR-EJK.pdf page 95" href="http://viewer.zmags.com/publication/bc17d42b?page=95"> REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTIN</a> <a title="ICE-20120327-AR-EJK.pdf page 96" href="http://viewer.zmags.com/publication/bc17d42b?page=96"> IntercontinentalExchange, Inc. and Subsidiaries </a> <a title="ICE-20120327-AR-EJK.pdf page 97" href="http://viewer.zmags.com/publication/bc17d42b?page=97"> IntercontinentalExchange, Inc. and Subsidiaries </a> <a title="ICE-20120327-AR-EJK.pdf page 98" href="http://viewer.zmags.com/publication/bc17d42b?page=98"> IntercontinentalExchange, Inc. and Subsidiaries </a> <a title="ICE-20120327-AR-EJK.pdf page 99" href="http://viewer.zmags.com/publication/bc17d42b?page=99"> IntercontinentalExchange, Inc. and Subsidiaries </a> <a title="ICE-20120327-AR-EJK.pdf page 100" href="http://viewer.zmags.com/publication/bc17d42b?page=100"> IntercontinentalExchange, Inc. and Subsidiaries </a> <a title="ICE-20120327-AR-EJK.pdf page 101" href="http://viewer.zmags.com/publication/bc17d42b?page=101"> IntercontinentalExchange, Inc. and Subsidiaries </a> <a title="ICE-20120327-AR-EJK.pdf page 102" href="http://viewer.zmags.com/publication/bc17d42b?page=102"> Canada, which clears and settles contracts traded</a> <a title="ICE-20120327-AR-EJK.pdf page 103" href="http://viewer.zmags.com/publication/bc17d42b?page=103"> Short-Term and Long-Term Restricted Cash </a> <a title="ICE-20120327-AR-EJK.pdf page 104" href="http://viewer.zmags.com/publication/bc17d42b?page=104"> during the preliminary or maintenance project sta</a> <a title="ICE-20120327-AR-EJK.pdf page 105" href="http://viewer.zmags.com/publication/bc17d42b?page=105"> assets. If these projected cash flows are less th</a> <a title="ICE-20120327-AR-EJK.pdf page 106" href="http://viewer.zmags.com/publication/bc17d42b?page=106"> Other revenues are recognized as service</a> <a title="ICE-20120327-AR-EJK.pdf page 107" href="http://viewer.zmags.com/publication/bc17d42b?page=107"> Earnings Per Common Share Basic earning</a> <a title="ICE-20120327-AR-EJK.pdf page 108" href="http://viewer.zmags.com/publication/bc17d42b?page=108"> Recently Adopted and New Accounting Pronouncement</a> <a title="ICE-20120327-AR-EJK.pdf page 109" href="http://viewer.zmags.com/publication/bc17d42b?page=109"> Under the terms of the acquisition, CLE </a> <a title="ICE-20120327-AR-EJK.pdf page 110" href="http://viewer.zmags.com/publication/bc17d42b?page=110"> A portion of the CLE goodwill and other </a> <a title="ICE-20120327-AR-EJK.pdf page 111" href="http://viewer.zmags.com/publication/bc17d42b?page=111"> Formation of CDS Clearing Operations T</a> <a title="ICE-20120327-AR-EJK.pdf page 112" href="http://viewer.zmags.com/publication/bc17d42b?page=112"> Consistent with the other clearing house</a> <a title="ICE-20120327-AR-EJK.pdf page 113" href="http://viewer.zmags.com/publication/bc17d42b?page=113"> $25.4 million increase in the stock price of Ceti</a> <a title="ICE-20120327-AR-EJK.pdf page 114" href="http://viewer.zmags.com/publication/bc17d42b?page=114"> 7. Property and Equipment Property and equipm</a> <a title="ICE-20120327-AR-EJK.pdf page 115" href="http://viewer.zmags.com/publication/bc17d42b?page=115"> The Company completed the Ballista Secur</a> <a title="ICE-20120327-AR-EJK.pdf page 116" href="http://viewer.zmags.com/publication/bc17d42b?page=116"> 9. Credit Facilities On November 9, </a> <a title="ICE-20120327-AR-EJK.pdf page 117" href="http://viewer.zmags.com/publication/bc17d42b?page=117"> The entire unpaid principal amount of th</a> <a title="ICE-20120327-AR-EJK.pdf page 118" href="http://viewer.zmags.com/publication/bc17d42b?page=118"> options and restricted stock in the accompanying </a> <a title="ICE-20120327-AR-EJK.pdf page 119" href="http://viewer.zmags.com/publication/bc17d42b?page=119"> As indicated in the table above, no stoc</a> <a title="ICE-20120327-AR-EJK.pdf page 120" href="http://viewer.zmags.com/publication/bc17d42b?page=120"> The risk-free interest rate is based on </a> <a title="ICE-20120327-AR-EJK.pdf page 121" href="http://viewer.zmags.com/publication/bc17d42b?page=121"> restricted shares awarded in January 2011 as the </a> <a title="ICE-20120327-AR-EJK.pdf page 122" href="http://viewer.zmags.com/publication/bc17d42b?page=122"> Company recorded the receipt of the shares as tre</a> <a title="ICE-20120327-AR-EJK.pdf page 123" href="http://viewer.zmags.com/publication/bc17d42b?page=123"> A reconciliation of the statutory U.S. f</a> <a title="ICE-20120327-AR-EJK.pdf page 124" href="http://viewer.zmags.com/publication/bc17d42b?page=124"> The Company's non-U.S. subsidiaries had </a> <a title="ICE-20120327-AR-EJK.pdf page 125" href="http://viewer.zmags.com/publication/bc17d42b?page=125"> The Company or one of its subsidiaries f</a> <a title="ICE-20120327-AR-EJK.pdf page 126" href="http://viewer.zmags.com/publication/bc17d42b?page=126"> Each of the ICE Clearing Houses has equa</a> <a title="ICE-20120327-AR-EJK.pdf page 127" href="http://viewer.zmags.com/publication/bc17d42b?page=127"> $40.0 million in contributions has not yet been d</a> <a title="ICE-20120327-AR-EJK.pdf page 128" href="http://viewer.zmags.com/publication/bc17d42b?page=128"> December 31, 2011 is $5.8 billion, which includes</a> <a title="ICE-20120327-AR-EJK.pdf page 129" href="http://viewer.zmags.com/publication/bc17d42b?page=129"> As of December 31, 2010, there were only</a> <a title="ICE-20120327-AR-EJK.pdf page 130" href="http://viewer.zmags.com/publication/bc17d42b?page=130"> 13. Commitments and Contingencies Leases </a> <a title="ICE-20120327-AR-EJK.pdf page 131" href="http://viewer.zmags.com/publication/bc17d42b?page=131"> noncurrent liabilities relating to the minimum an</a> <a title="ICE-20120327-AR-EJK.pdf page 132" href="http://viewer.zmags.com/publication/bc17d42b?page=132"> 14. Employee Benefit Plans The Compa</a> <a title="ICE-20120327-AR-EJK.pdf page 133" href="http://viewer.zmags.com/publication/bc17d42b?page=133"> In general, the Company uses Level 1 and</a> <a title="ICE-20120327-AR-EJK.pdf page 134" href="http://viewer.zmags.com/publication/bc17d42b?page=134"> 17. Segment Reporting The Company's </a> <a title="ICE-20120327-AR-EJK.pdf page 135" href="http://viewer.zmags.com/publication/bc17d42b?page=135"> segment comprised 13% of the Company's futures re</a> <a title="ICE-20120327-AR-EJK.pdf page 136" href="http://viewer.zmags.com/publication/bc17d42b?page=136"> 19. Quarterly Financial Data (Unaudited) </a> <a title="ICE-20120327-AR-EJK.pdf page 137" href="http://viewer.zmags.com/publication/bc17d42b?page=137"> ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCO</a> <a title="ICE-20120327-AR-EJK.pdf page 138" href="http://viewer.zmags.com/publication/bc17d42b?page=138"> Code of Ethics We have adopted a Code o</a> <a title="ICE-20120327-AR-EJK.pdf page 139" href="http://viewer.zmags.com/publication/bc17d42b?page=139"> </a> <a title="ICE-20120327-AR-EJK.pdf page 140" href="http://viewer.zmags.com/publication/bc17d42b?page=140"> SIGNATURES Pursuant to the requirements</a> <a title="ICE-20120327-AR-EJK.pdf page 141" href="http://viewer.zmags.com/publication/bc17d42b?page=141"> Signatures </a> <a title="ICE-20120327-AR-EJK.pdf page 142" href="http://viewer.zmags.com/publication/bc17d42b?page=142"> FINANCIAL STATEMENT SCHEDULE INTERCONTINENTALEXC</a> <a title="ICE-20120327-AR-EJK.pdf page 143" href="http://viewer.zmags.com/publication/bc17d42b?page=143"> INDEX TO EXHIBITS The following exhibit</a> <a title="ICE-20120327-AR-EJK.pdf page 144" href="http://viewer.zmags.com/publication/bc17d42b?page=144"> Exhibit Number </a> <a title="ICE-20120327-AR-EJK.pdf page 145" href="http://viewer.zmags.com/publication/bc17d42b?page=145"> Exhibit Number </a> <a title="ICE-20120327-AR-EJK.pdf page 146" href="http://viewer.zmags.com/publication/bc17d42b?page=146"> Exhibit Number </a> <a title="ICE-20120327-AR-EJK.pdf page 147" href="http://viewer.zmags.com/publication/bc17d42b?page=147"> EXHIBIT 10.23 LEASE AMENDMENT THIRTEEN (Expansi</a> <a title="ICE-20120327-AR-EJK.pdf page 148" href="http://viewer.zmags.com/publication/bc17d42b?page=148"> 2. Base Rent. Tenant shall pay monthly Base Rent </a> <a title="ICE-20120327-AR-EJK.pdf page 149" href="http://viewer.zmags.com/publication/bc17d42b?page=149"> Building, Property, systems and equipment providi</a> <a title="ICE-20120327-AR-EJK.pdf page 150" href="http://viewer.zmags.com/publication/bc17d42b?page=150"> Landlord fails to deliver possession of the entir</a> <a title="ICE-20120327-AR-EJK.pdf page 151" href="http://viewer.zmags.com/publication/bc17d42b?page=151"> 12. Whole Amendment; Full Force and Effect;</a> <a title="ICE-20120327-AR-EJK.pdf page 152" href="http://viewer.zmags.com/publication/bc17d42b?page=152"> IN WITNESS WHEREOF, the parties have executed thi</a> <a title="ICE-20120327-AR-EJK.pdf page 153" href="http://viewer.zmags.com/publication/bc17d42b?page=153"> EXHIBIT B WORK LETTER This Exhibit is a “Work L</a> <a title="ICE-20120327-AR-EJK.pdf page 154" href="http://viewer.zmags.com/publication/bc17d42b?page=154"> II. PLANNING. The term “Plans” herein means</a> <a title="ICE-20120327-AR-EJK.pdf page 155" href="http://viewer.zmags.com/publication/bc17d42b?page=155"> either approve the Construction Drawings and Engi</a> <a title="ICE-20120327-AR-EJK.pdf page 156" href="http://viewer.zmags.com/publication/bc17d42b?page=156"> the revised Plans to Landlord for approval as a C</a> <a title="ICE-20120327-AR-EJK.pdf page 157" href="http://viewer.zmags.com/publication/bc17d42b?page=157"> (b) Compliance and Standards. Tenant sh</a> <a title="ICE-20120327-AR-EJK.pdf page 158" href="http://viewer.zmags.com/publication/bc17d42b?page=158"> loading dock. If required by Landlord, Tenant sha</a> <a title="ICE-20120327-AR-EJK.pdf page 159" href="http://viewer.zmags.com/publication/bc17d42b?page=159"> quality or adequacy thereof or of the Plans or th</a> <a title="ICE-20120327-AR-EJK.pdf page 160" href="http://viewer.zmags.com/publication/bc17d42b?page=160"> (c) “Work” herein means: (i) the improv</a> <a title="ICE-20120327-AR-EJK.pdf page 161" href="http://viewer.zmags.com/publication/bc17d42b?page=161"> EXHIBIT 10.37 AIRCRAFT TIME SHARING AGREEMENT </a> <a title="ICE-20120327-AR-EJK.pdf page 162" href="http://viewer.zmags.com/publication/bc17d42b?page=162"> 2. Term. The term of this Agreement (the “</a> <a title="ICE-20120327-AR-EJK.pdf page 163" href="http://viewer.zmags.com/publication/bc17d42b?page=163"> The term “Trip” shall mean a flight from a depart</a> <a title="ICE-20120327-AR-EJK.pdf page 164" href="http://viewer.zmags.com/publication/bc17d42b?page=164"> f. Any other information concerning the pr</a> <a title="ICE-20120327-AR-EJK.pdf page 165" href="http://viewer.zmags.com/publication/bc17d42b?page=165"> Operator shall not charge the Passenger for expen</a> <a title="ICE-20120327-AR-EJK.pdf page 166" href="http://viewer.zmags.com/publication/bc17d42b?page=166"> purchase additional insurance to comply with appl</a> <a title="ICE-20120327-AR-EJK.pdf page 167" href="http://viewer.zmags.com/publication/bc17d42b?page=167"> ANY ENGINE OR COMPONENT THEREOF INCLUDING, </a> <a title="ICE-20120327-AR-EJK.pdf page 168" href="http://viewer.zmags.com/publication/bc17d42b?page=168"> 14. Further Acts. Operator and Passenge</a> <a title="ICE-20120327-AR-EJK.pdf page 169" href="http://viewer.zmags.com/publication/bc17d42b?page=169"> of the airport of departure and departure time fo</a> <a title="ICE-20120327-AR-EJK.pdf page 170" href="http://viewer.zmags.com/publication/bc17d42b?page=170"> SCHEDULE A Type of Aircraft </a> <a title="ICE-20120327-AR-EJK.pdf page 171" href="http://viewer.zmags.com/publication/bc17d42b?page=171"> EXHIBIT 10.38 AIRCRAFT TIME SHARING AGREEMENT </a> <a title="ICE-20120327-AR-EJK.pdf page 172" href="http://viewer.zmags.com/publication/bc17d42b?page=172"> 2. Term. The term of this Agreement (the “</a> <a title="ICE-20120327-AR-EJK.pdf page 173" href="http://viewer.zmags.com/publication/bc17d42b?page=173"> The term “Trip” shall mean a flight from a depart</a> <a title="ICE-20120327-AR-EJK.pdf page 174" href="http://viewer.zmags.com/publication/bc17d42b?page=174"> f. Any other information concerning the pr</a> <a title="ICE-20120327-AR-EJK.pdf page 175" href="http://viewer.zmags.com/publication/bc17d42b?page=175"> Operator shall not charge the Passenger for expen</a> <a title="ICE-20120327-AR-EJK.pdf page 176" href="http://viewer.zmags.com/publication/bc17d42b?page=176"> purchase additional insurance to comply with appl</a> <a title="ICE-20120327-AR-EJK.pdf page 177" href="http://viewer.zmags.com/publication/bc17d42b?page=177"> ANY ENGINE OR COMPONENT THEREOF INCLUDING, </a> <a title="ICE-20120327-AR-EJK.pdf page 178" href="http://viewer.zmags.com/publication/bc17d42b?page=178"> 14. Further Acts. Operator and Passenge</a> <a title="ICE-20120327-AR-EJK.pdf page 179" href="http://viewer.zmags.com/publication/bc17d42b?page=179"> of the airport of departure and departure time fo</a> <a title="ICE-20120327-AR-EJK.pdf page 180" href="http://viewer.zmags.com/publication/bc17d42b?page=180"> SCHEDULE A Type of Aircraft </a> <a title="ICE-20120327-AR-EJK.pdf page 181" href="http://viewer.zmags.com/publication/bc17d42b?page=181"> Name of Subsidiary IntercontinentalExchange Holdi</a> <a title="ICE-20120327-AR-EJK.pdf page 182" href="http://viewer.zmags.com/publication/bc17d42b?page=182"> EXHIBIT 23.1 </a> <a title="ICE-20120327-AR-EJK.pdf page 183" href="http://viewer.zmags.com/publication/bc17d42b?page=183"> EXHIBIT 31.1 CERTIFICATIONS I, Jeffrey C. Spre</a> <a title="ICE-20120327-AR-EJK.pdf page 184" href="http://viewer.zmags.com/publication/bc17d42b?page=184"> EXHIBIT 31.2 CERTIFICATIONS I, Scott A. Hill, </a> <a title="ICE-20120327-AR-EJK.pdf page 185" href="http://viewer.zmags.com/publication/bc17d42b?page=185"> EXHIBIT 32.1 CERTIFIC</a> <a title="ICE-20120327-AR-EJK.pdf page 186" href="http://viewer.zmags.com/publication/bc17d42b?page=186"> EXHIBIT 32.2 CERTIFIC</a> <a title="ICE-20120327-AR-EJK.pdf page 187" href="http://viewer.zmags.com/publication/bc17d42b?page=187"> Executive Management Committee Jeffrey C. Sprec</a> <a title="ICE-20120327-AR-EJK.pdf page 188" href="http://viewer.zmags.com/publication/bc17d42b?page=188"> IntercontinentalExchange Board of Directors Jef</a> <a title="ICE-20120327-AR-EJK.pdf page 189" href="http://viewer.zmags.com/publication/bc17d42b?page=189"> Transfer Agent 'SQTYXIVWLEVI8VYWX 'SQTER] 2% MW X</a> <a title="ICE-20120327-AR-EJK.pdf page 190" href="http://viewer.zmags.com/publication/bc17d42b?page=190"> theice.com C</a>