IntercontinentalExchange Inc. (ICE), the second-largest U.S. futures market, has sold its ICE Risk software application to SunGard Data Systems Inc., officials at both companies confirmed. They didn't disclose the terms.

ICE Risk displays price and trading position data to traders in several commodities markets. Atlanta-based Intercontinental bought it in 2007, when it was called Commoditrack.

Ben Jackson, chief operating officer of SunGard's Kiodex division, said the service will give its customers information on futures as well as less transparent over-the-counter commodity markets, where fears about counterparty risk still abound after the past year's financial turmoil.

SunGard, of Wayne, Pa., plans to rename the service Kiodex Real Time, Jackson said.

-By Gregory Meyer, Dow Jones Newswires; 201-938-4377; greg.meyer@dowjones.com