Skating on thin Ice

h Atlanta-based IntercontinentalExchange (Ice) may have seen its profits more than half in one year, thanks to a shrinking over-the-counter (OTC) business, but the exchange can at least be thankful that its International Petroleum Exchange (IPE) business continues to deliver impressive results. Ice’s 2003 revenues came to $93.7 million versus the $125.5 million reported for 2002, on a consolidated basis. And its pre-tax profits came to $19.9 million versus $52.3 million reported for 2002.

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