12 Apr, 2012, 08:30 ET
ATLANTA, April 12, 2012 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that it will introduce five new U.S. grain and oilseed contracts on ICE Futures U.S. pending review by the Commodity Futures Trading Commission. These contracts join ICE's slate of agricultural futures and options contracts including sugar, cotton, coffee, cocoa, orange juice, Canadian wheat, barley and canola.
"We are pleased to expand our suite of agricultural contracts based on customer demand and their desire and commitment to trade these instruments on ICE," said Ben Jackson, COO of ICE Futures U.S. "These contracts round out ICE's U.S. and Canadian agricultural products. The new grain and oilseed contracts, coupled with our widely-distributed, proven electronic platform, offer customers more alternatives for execution, and the flexibility to select the method that best meets their needs."
Subject to regulatory review, the following futures contracts are slated to be available for the trade date of Monday, May 14, 2012 and options for the trade date of Tuesday, May 15, 2012:
- U.S. Corn
- U.S. Wheat
- U.S. Soybeans
- U.S. Soybean Meal
- U.S. Soybean Oil
The contracts will be listed on ICE Futures U.S., which features sub-millisecond execution speeds, and cleared at ICE Clear U.S. The contracts will be cash-settled with daily settlement based on the CBOT settlement price.
Contract specifications and additional information can be found at http://www.theice.com/US_grains
IntercontinentalExchange (NYSE: 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 U.S., ICE Clear U.S. 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.
Share this article