ICE Futures U.S. Announces June 6 Launch of 10 New FX Futures Contracts; Adds FX Futures to Member Firm Fee Program

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ICE Futures U.S. Announces June 6 Launch of 10 New FX Futures Contracts; Adds FX Futures to Member Firm Fee Program

PR Newswire

ATLANTA, June 1, 2011 /PRNewswire/ -- IntercontinentalExchange ICE, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 10 new foreign exchange futures contracts on ICE Futures U.S. The currency pair contracts feature new contract sizes and will be available for the trade date of Monday, June 6, 2011. With the products announced today, ICE will offer more than 60 FX futures contracts, including the industry benchmark ICE U.S. Dollar Index.

(Logo: http://photos.prnewswire.com/prnh/20090727/CL51999LOGO )

The new contracts listed are:

Contract

Exchange Symbol

Contract Size

Euro/US dollar

KEO

125,000 euros

Euro/Swiss franc

KRZ

125,000 euros

Euro/Australian dollar

KRA

125,000 euros

Euro/British pound

KGB

125,000 euros

Euro/Canadian dollar

KEP

125,000 euros

Euro/Japanese yen

KFJ

125,000 euros

Euro/Norwegian krone

KOL

125,000 euros

Euro/Swedish krona

KRK

125,000 euros

Swiss franc/Japanese yen

KZY

250,000 Swiss francs

Australian dollar/US dollar

KAU

100,000 Australian dollars



"FX traders in the institutional, retail, bank and corporate segments have expressed strong interest in trading additional futures pairs alongside the benchmark ICE U.S. Dollar Index futures contract," said Ray McKenzie, Vice President, ICE Futures U.S. "With the addition of these 10 currency pairs at ICE Futures U.S., market participants now have the choice of another regulated futures exchange venue for trading currency futures in popular contract sizes."

The contracts will be listed exclusively on the ICE platform, which features sub-millisecond execution speeds. The contracts also are available for exchange-for-physical (EFP) transactions and block trading. There are no EFP surcharges beyond the normal Exchange and clearing fees.

The contracts will offer capital efficient margining, including spread margining with the ICE U.S. Dollar Index and other currency pairs, as well as inter-exchange spread credit. ICE also has expanded the Exchange Member Firm Fee Program for the U.S. Dollar Index to include all of its FX futures and options contracts, featuring a rate of $0.30 per side. Terms of the program and a program application are available at https://www.theice.com/publicdocs/futures_us/usdxapplication.pdf.

About IntercontinentalExchange

IntercontinentalExchange ICE is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com  

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures U.S., U.S. Dollar Index and USDX. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange'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, 2010, as filed with the SEC on February 9, 2011.

ICE-IXFX

SOURCE IntercontinentalExchange

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