Intercontinentalexchange

The IntercontinentalExchange, Inc. (ICE) announced Wednesday it will introduce 23 new cleared over-the-counter (OTC) North American natural gas and power contracts. The new cleared swaps and options will be available for the trade date of Monday, Jan. 25, 2010.

Natural gas basis trades reported on the IntercontinentalExchange (ICE) electronic system do not rise to the level of performing a significant price-discovery function (SPDF), ICE said in objecting to the Commodity Futures Trading Commission’s (CFTC) proposal to designate 15 natural gas basis contracts as qualifying for SPDF treatment.

Natural gas basis trades reported on the IntercontinentalExchange (ICE) electronic system do not rise to the level of performing a significant price-discovery function (SPDF), ICE said in objecting to the Commodity Futures Trading Commission’s (CFTC) proposal to designate 15 natural gas basis contracts as qualifying for SPDF treatment.

The Natural Gas Supply Association (NGSA) on Monday said it believes that 13 financially settled natural gas contracts traded on IntercontinentalExchange (ICE) — which are currently under review by the Commodity Futures Trading Commission (CFTC) — do not perform a significant price-discovery function (SPDF).

IntercontinentalExchange Inc. (ICE) will be imposing position and accountability limits on its Henry Hub over-the-counter (OTC) swaps contract, starting with the February 2010 contract, to conform with directives from the Commodity Futures Exchange Commission (CFTC) regarding contracts that perform a significant price discovery function (SPDF).

IntercontinentalExchange Inc. (ICE) was expected to issue an advisory Thursday detailing plans to impose position and accountability limits on its Henry Hub over-the-counter (OTC) swaps contract to conform with directives from the Commodity Futures Exchange Commission (CFTC). The changes will take effect with the February 2010 contract.

Having already pulled the Henry Hub look-alike contract traded on IntercontinentalExchange Inc. (ICE) under its regulatory oversight authority, the Commodity Futures Trading Commission (CFTC) last Monday issued a Notice of Intent to consider whether 13 other natural gas contracts and 11 power contracts offered by ICE should receive similar treatment.

Having already pulled the Henry Hub look-alike contract traded on IntercontinentalExchange Inc. (ICE) under its regulatory oversight authority, the Commodity Futures Trading Commission (CFTC) on Monday issued a Notice of Intent to consider whether 13 other natural gas contracts and 11 power contracts offered by ICE should receive similar treatment.

The Commodity Futures Trading Commission (CFTC) Friday moved to bring the Henry Financial LD1 Fixed Price contract traded on the IntercontinentalExchange, Inc. (ICE) under its regulatory authority, saying the contract “performs a significant price discovery function.” The ICE contract is a “look-alike” contract to the CME Group’s Nymex Henry Hub contract, which already is under CFTC regulation.