The winner of our Exchange of the Year award, the IntercontinentalExchange (ICE), notched up several milestones during the past 18 months. Volumes on ICE Futures Europe passed 200 million contracts in 2010, doubling in four years. Record volumes were reached on its Brent crude and gas oil futures contracts, which grew by 35% and 45% year-on-year respectively, despite mostly range-bound crude prices.

In terms of its place in the market, ICE increased its market share of combined crude oil and