In written form:

1. “A one-size-fits-all solution does not exist, but there are many

effective strategies and they must be supported and replicated to

become part of the agricultural mainstream.”

2. “The private sector urges an all-out effort by the international

community. Let us share what we know and build on the best.”

3. “Governments need to provide support mechanisms, including

payments for ecosystem services and for maintaining agricultural

landscapes. After all, farmers are custodians of the world’s

agricultural biodiversity.”

4. “Managing land in a sensible way by replicating tested and

proven solutions is the way to achieve agricultural intensification

sustainably.”

5. “Despite the warning bells ringing on food security, the good

news is that there is enormous potential to increase agricultural

outputs, as yields differ significantly among regions of the

world.”

6. “Business and industry are contributing their expertise at COP-9

to address the challenges of agriculture and biodiversity.”

Task 5. Render the article using the phrases above and key words as

a framework for your summary. Express your professional attitude.

Speak on the message of the text.

142

MODULE 5

EXCHANGES

a. IntercontinentalExchange (www.theice.com)

1. Global Commodity, Currency, Credit and Equity

Index Markets

2. The ICE History

b. Tokyo Stock Exchange (www.tse.or.jp)

c. London Metal Exchange (www.lme.com)

143

INTERCONTINENTAL-EXCHANGE

GLOBAL COMMODITY, CURRENCY, CREDIT AND EQUITY

INDEX MARKETS

IntercontinentalExchange (NYSE: ICE) operates leading regulated

exchanges, trading platforms and clearing houses serving the global

markets for agricultural, credit, currency, emissions, energy and equity

index markets. ICE Futures Europe trades half of the world's crude and

refined oil futures. ICE Futures U.S. and ICE Futures Canada list

agricultural, currency and Russell Index markets. ICE offers trade

execution and processing for the credit derivatives markets through

Creditex and clearing through ICE Trust. A component of the Russell

1000 and S&P 500 indexes, ICE serves customer in more than 50

countries and is headquartered in Atlanta, with offices in New York,

London, Chicago, Winnipeg, Calgary, Houston and Singapore.

www.theice.com

ICE offers market participants a range of benefits:

Benchmark Contracts

ICE Futures Europe offers liquid markets for hedging price risk in the

world's leading oil benchmarks: ICE Brent Crude futures and ICE West

Texas Intermediate (WTI) Crude futures. ICE also operates a liquid

and transparent over-the-counter marketplace for the North American

OTC natural gas and power markets.

ICE Futures U.S. provides risk managers and investors one global

marketplace for exclusive futures and options contracts such as Sugar

No.11, Sugar No.16TM, Cotton No. 2, Coffee 'C', U.S. Russell

Indexes, foreign exchange and the ICE U.S. Dollar Index.

ICE Futures Canada hosts the world's leading Canola futures contract

and also allows investors to participate in global price discovery for

Western Barley futures and options contracts.

144

Leading Electronic Trading Platform

ICE's electronic trading platform provides rapid trade execution and is

one of the world's most flexible, efficient and secure commodities

trading systems. Accessible via direct connections, telecom hubs, the

Internet or through a number of front-end providers, today, ICE offers

a 3 millisecond transaction time in its futures markets - the fastest in

the industry. ICE's platform is scalable and flexible - which means new

products and functionality can be added without market disruption. ICE

offers numerous APIs for accessing futures and OTC markets,

including a FIX API.