Intercontinental Exchange launches ICE Digital Trade Documents

Intercontinental Exchange announced the launch of ICE Digital Trade Documents, ICE DTD, for the energy industry, a highly configurable solution digitizing post-trade and shipping processes for physically delivered commodities including oil, gas and petrochemicals. The launch follows a series of successful trials conducted for shipments of refined products within Asia Pacific. "ICE was founded with a mission to transform analog industries through digitizing processes," said David Farrell, Chief Operating Officer of ICE Futures U.S. "For our terminal and refinery customers, every minute spent in the process of ships arriving and leaving terminals is valuable. ICE DTD digitizes complex, fragmented, and paper-based processes, offering the energy industry the potential to save hours per shipment, and in doing so save time and cost."