Intercontinental Exchange Announces Launch of 44 New Contracts; Including Energy and Euro Cocoa Futures and Options

LONDON--(BUSINESS WIRE)--

Intercontinental Exchange ICE, the leading global network of exchanges and clearing houses, today announced the introduction of 44 new contracts, including Euro Cocoa and energy futures and options contracts, on March 30, 2015, subject to the satisfactory completion of applicable regulatory processes.

Following extensive market consultation, ICE will introduce the new Euro Cocoa contracts, which will operate in parallel with the existing pound-sterling London Cocoa contract. Excluding currency, the new Euro Cocoa contracts specification will mirror the London cocoa contract including physical settlement and will trade and clear at ICE Futures Europe and ICE Clear Europe. Customers will therefore be able to benefit from cross margin offsets with the London Cocoa contract.

The new energy futures and options contracts, which will be available for trading at either ICE Futures Europe or ICE Futures U.S. and cleared at ICE Clear Europe, include cash settled oil, wet freight, U.S. natural gas and financial power, as well as physical environmental contracts.

ICE Futures Europe Euro Cocoa Futures and Options Contract Specifications

ICE Futures Europe Oil Options Contract Specifications

ICE Futures Europe Crude and Refined Oil Futures Contract Specifications

ICE Futures Europe Wet Freight Futures Contract Specifications

ICE Futures U.S. Energy Contract Specifications

The following contracts will be available for trading on ICE Futures Europe:

Soft Commodities - Cocoa

Euro Cocoa Future

Option on Euro Cocoa Future

Energy - Oil

Fuel Oil 1% FOB NWE Cargoes (Platts) Average Price Option1

EU-Style Heating Oil vs Low Sulphur Gasoil Option

RBOB Gasoline 1st Line vs Argus Eurobob Oxy FOB Rotterdam Barge Future2

RBOB Gasoline 1st Line vs Argus Eurobob Oxy FOB Rotterdam Barges Mini Future2

RBOB Gasoline 1st Line vs Argus Eurobob Oxy FOB Rotterdam Barges Balmo Mini Future2

Energy - Wet Freight

TC7 FFA – Singapore to EC Australia (Baltic) Future3

TC7 FFA – Singapore to EC Australia (Baltic) Balmo Future3

TD20 FFA – West Africa to UK-Continent (Baltic) Balmo Future 3

LPG (BLGP) FFA – Middle East Gulf to East 44,000Mts (Baltic) Future3

The following contracts will be available for trading on ICE Futures U.S.:

Energy - Natural Gas

Transco Zone 5 Basis Future 4

Transco Zone 5 Swing Future5

Transco Zone 5 Index Future4 and 5

TETCO-M2 Swing Future (Receipts) 5

TETCO-M2 Index Future (Receipts) 4 and 5

Energy - Financial Power

CAISO NP-15 Fifteen Minute Marker Peak Daily Fixed Price Future

CAISO NP-15 Fifteen Minute Marker Off-Peak Daily Fixed Price Future

CAISO SP-15 Fifteen Minute Marker Peak Daily Fixed Price Future

CAISO SP-15 Fifteen Minute Marker Off-Peak Daily Fixed Price Future

ERCOT Non-Spinning Reserve Future

ERCOT Regulation DOWN Future

ERCOT Regulation UP Future

NYISO Zone G Real-Time Peak Daily Fixed Price Future

NYISO Zone G Real-Time Off-Peak Daily Fixed Price Future

NYISO Zone A Real-Time Peak Daily Fixed Price Future

NYISO Zone A Real-Time Off-Peak Daily Fixed Price Future

NYISO Zone D-Day-Ahead Peak Daily Fixed Price Future

NYISO Zone D-Day-Ahead Off-Peak Daily Fixed Price Future

Energy - Physical Environmental

Massachusetts Compliance Renewable Energy Certificates Class 1 Future – Vintage 2018

New Jersey Compliance Renewable Energy Certificates Class 1 Future – Vintage 2018

Connecticut Compliance Renewable Energy Certificates Class 1 Future – Vintage 2018

New Jersey Solar Renewable Energy Certificate Future - Vintage 2022 – 2023

PJM Tri-Qualified Energy Certificates Class 1 Future - Vintage 2018 - 2021

Massachusetts Solar Renewable Certificate Future - Vintage 2018 - 2019

Option on Cross State Air Pollution Rule TR Nox Annual Allowance Future – Vintage 2015

Option on Cross State Air Pollution Rule TR Nox Ozone Season Allowance Future – Vintage 2015

Option on Cross State Air Pollution Rule TR So2 Group 1 Allowance Future – Vintage 2015

Option on Cross State Air Pollution Rule TR So2 Group 2 Allowance Future – Vintage 2015

1 Platts European Marketscan

2 Argus European Products

3 Baltic Exchange index

4 Platts Inside FERC

5 Platts Gas Daily

About Intercontinental Exchange

Intercontinental Exchange ICE operates the leading network of regulated exchanges and clearing houses. ICE's futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use

About Platts

Founded in 1909, Platts is a leading global provider of energy, petrochemicals, metals and agriculture information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts' coverage of the biofuels, carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, shipping and sugar markets. A division of McGraw Hill Financial MHFI, Platts is based in London with more than 1000 employees in more than 15 offices worldwide. Additional information is available at http://www.platts.com.

Argus Media

Argus Media is a leading provider of price assessments, business intelligence, market data, consultancy and conferences on the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, petrochemicals, fertilizer, metals and transportation industries. Argus energy and fertilizer indexes are widely used by leading companies, governments and international agencies as reference prices in supply contracts, risk management and planning. This futures product references the Argus Eurobob oxy index as published in the ARGUS European Products report. "ARGUS", the "ARGUS Logo", "ARGUS EUROPEAN PRODUCTS" and "Argus Eurobob oxy" are trademarks of Argus Media Limited and are used under licence. All copyrights, database rights and other rights in the ARGUS European Products report and the Argus Eurobob oxy index, belong exclusively to Argus Media Limited. Argus gives no warranties or representations as to the accuracy, adequacy, timeliness, fitness for purpose or completeness of the ARGUS European Products report and the Argus Eurobob oxy index and shall not be liable for any loss or damage arising from any party's use or reliance on the same. Argus takes no position on the purchase or sale of products listed, traded or cleared on ICE (or any affiliates). ICE is solely responsible for the operation of such products and markets and Argus excludes all liability in relation to thereto and in relation to any use of Argus indexes and/or reports. http://www.argusmedia.com

The Baltic Exchange

The Baltic Exchange is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 600 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels. Baltic Exchange services: independent, high quality dry, wet and gas freight market information; self-regulated chartering, sale and purchase and freight derivatives markets; central forum for competing freight market interests; framework ensuring high standards of business practice and co-operation; and London-based business facilities for members.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on February 5, 2015.

SOURCE: Intercontinental Exchange

ICE-ENGY

ICE-AG

Intercontinental Exchange
Media Contact:
Adaora Anunoby
adaora.anunoby@theice.com
+44 20 7429 7147
or
Investor Contact:
investors@theice.com
+1 770 857 4726

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!