ICE Announces April 30 Launch of New Energy Contracts

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ICE Announces April 30 Launch of New Energy Contracts

PR Newswire

LONDON, April 3, 2012 /PRNewswire/ -- IntercontinentalExchange ICE, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 26 new cleared OTC contracts for crude and refined petroleum products, North American power and North American natural gas. ICE also announced the introduction on ICE Futures Europe of American-style options on futures for Heating Oil and RBOB Gasoline.

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

All of the new contracts will be available for the trade date of Monday, April 30, 2012, subject to regulatory non-objection. With the products announced today, ICE will offer over 700 cleared OTC energy contracts, including more than 608 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.

The new contracts are:

Global Oil and Refined Petroleum Products

  • Singapore Mogas 92 Unleaded (Platts) Swap (SMT)1
  • Singapore Mogas 95 Unleaded (Platts) Swap (SMF)1
  • Singapore Mogas 97 Unleaded (Platts) Swap (SMS)1
  • 180 cst Singapore Average Price Option (SZS)1
  • 180 cst Singapore Fuel Swap Mini (100MT) (SZZ)1
  • 380 cst Singapore Fuel Swap Mini (100MT) (SYY)1
  • 3.5% FOB RDAM Barges Swap Average Price Option (BAR)2      
  • Ethanol Swap — Chicago (ETC)3 
  • Ethanol Swap — New York (ETN)3
  • Heating Oil Average Price Option (HOF)
  • RBOB Gasoline Average Price Option (RBS)

North American Power

  • MISO Indiana Hub RT Peak Daily Swap (Lookback) (IDO)
  • MISO Indiana Hub RT Peak Daily Options (Lookback) (IDO)        
  • PJM AD Hub RT Peak Daily Swap (Lookback) (DDO)       
  • PJM AD Hub RT Peak Daily Options (Lookback) (DDO)   
  • Nepool MH DA Peak Daily Options (EDP
  • ERCOT N 345KV Swap (Lookback) (ENO)           
  • ERCOT N 345KV Option (Lookback) (ENO)         
  • PJM WH RT LMP Off Peak Monthly Mini (OMI)                 
  • Nepool MH Day Ahead LMP Peak Monthly Mini (NEM)     
  • Nepool MH Day Ahead LMP Off Peak Monthly Mini (NOM)           
  • SP-15 EZ Gen Hub DA LMP Peak Daily Option (SDP)      
  • Mid-C DA Peak Daily Option (MPD)          

North American Natural Gas

  • Columbia Gulf, Mainline Index Swap (CGI)4
  • Columbia Gulf, Mainline Swing Swap (CGR)5        
  • Tennessee Zone 0 Swing Swap (TZR)5

Refined Petroleum Options on Futures

  • Heating Oil American-Style Option (O)
  • RBOB Gasoline American-Style Option (N)
  1. These contracts reference Platts Asia-Pacific/Arab Gulf Marketscan.
  2. This contract references Platts European Marketscan.
  3. These contracts reference Platts US Marketscan.
  4. This contract references Platts FERC's Gas Market Report.
  5. These contracts reference Platts Gas Daily.

ICE Clear Europe enables the efficient development of new products to support the risk management needs of member firms and customers in ICE's global energy futures and OTC markets. In 2002, ICE pioneered the concept of cleared OTC energy contracts, which provide participants with access to centralized clearing and settlement arrangements while reducing bilateral credit risk and capital required for each OTC trade.

Editor's Note

Platts, a division of The McGraw-Hill Companies, is a leading global energy, petrochemicals and metals information provider. "Platts", "Platts Inside FERC's Gas Market Report", "Platts Crude Oil Market Wire", "Platts U.S. Marketscan" and "Platts European Marketscan" are trademarks of The McGraw-Hill Companies.   Platts' data and trademarks are proprietary and are used under license. Platts does not sponsor, endorse, sell or promote exchange contracts and Platts accepts no liability for the use of Platts data in connection therewith. 

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, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., ICE Clear Europe, ICE Clear Credit, U.S. Dollar Index, European Climate Exchange (ECX) and Chicago Climate Futures Exchange (CCFE). 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, 2011, as filed with the SEC on February 8, 2012.

ICE-ENGY

SOURCE IntercontinentalExchange

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