IntercontinentalExchange (ICE), an Atlanta-based operator of regulated futures exchanges and over-the-counter (OTC) markets, said Monday that all cleared OTC products listed on its OTC energy market will be transitioned to futures products in January. These products will continue to be traded on the ICE trading platform and cleared at ICE Clear Europe, which in 2010 was approved as a derivatives clearing organization by the Commodity Futures Trading Commission (CFTC).
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ICE: Cleared OTC Energy to be Listed as Futures in January
IntercontinentalExchange (ICE), an Atlanta-based operator of regulated futures exchanges and over-the-counter (OTC) markets, said Monday that all cleared OTC products listed on its OTC energy market will be transitioned to futures products in January. These products will continue to be traded on the ICE trading platform and cleared at ICE Clear Europe, which in 2010 was approved as a derivatives clearing organization by the Commodity Futures Trading Commission (CFTC).
Exchanges Modify, Create Products To Comply With New Rules
As the Dodd Frank Wall Street Reform and Consumer Protection Act rules continue to come into focus, trading exchanges are modifying the way they do business in order to better comply with current and anticipated rules and regulations. The latest move came from CME Group, which last week announced the launch of CME Direct, a new technology offering side-by-side trading of exchange-listed and over-the-counter (OTC) markets.
Exchanges Modify, Create Products To Comply With New Regulations
As the Dodd Frank Wall Street Reform and Consumer Protection Act rules continue to come into focus, trading exchanges are modifying the way they do business in order to better comply with current and anticipated rules and regulations. The latest move came from CME Group, which this week announced the launch of CME Direct, a new technology offering side-by-side trading of exchange-listed and over-the-counter (OTC) markets.
ICE, CME Clash over Position Limits for Gas Contracts
The CME Group’s argument for eliminating the “conditional limit” in the natural gas futures market is “significantly flawed,” said IntercontinentalExchange (ICE).
ICE to Launch 50 Cleared OTC Energy Contracts
As an operator of global regulated futures exchanges and over-the-counter (OTC) markets, Atlanta-based IntercontinentalExchange Inc. (ICE) said late last month it plans to introduce more than 50 additional cleared energy contracts in its OTC marketplace beginning Friday (Dec. 5) and extending into 2009.
ICE Offers More Cleared OTC Contracts to Combat Credit Concerns
As an operator of global regulated futures exchanges and over-the-counter (OTC) markets, Atlanta-based IntercontinentalExchange Inc. (ICE) said Tuesday it plans to introduce more than 50 additional cleared energy contracts in its OTC marketplace beginning Dec. 5 and extending into 2009.
Regulators, Exchanges Try to Calm Energy Markets Following Lehman Shakeup
Energy regulators and exchanges moved quickly Monday to calm fears about the futures markets after Lehman Brothers Holding Inc. filed for bankruptcy protection and Merrill Lynch & Co. agreed to be sold to Bank of American Corp. for $50 billion. The Lehman bankruptcy roiled Wall Street and financial markets around the world. The New York Stock Exchange was down 410 points; Dow Jones Industrials was off 504 points (the biggest drop since September 2001); and the S&P 500 lost about 57 points in daily trading.
Nymex Sets Exchangewide Volume Record in 2006
Business was booming in the trading exchange market in 2006 as evidenced by volume records from some of the major energy exchanges. Following IntercontinentalExchange’s (ICE) record volume announcement earlier in the month, the New York Mercantile Exchange Inc. (Nymex) announced last Tuesday that it set an annual total volume record of 276,152,326 contracts in 2006, crushing the previous record of 204,610,365 contracts set in 2005.
Nymex Sets Exchangewide Volume Record in 2006
Business was booming in the trading exchange market in 2006 as evidenced by volume records from some of the major energy exchanges. Following IntercontinentalExchange’s (ICE) record volume announcement last week, the New York Mercantile Exchange Inc. (Nymex) announced Tuesday that it set an annual total volume record of 276,152,326 contracts in 2006, crushing the previous record of 204,610,365 contracts set in 2005.