Intercontinental Exchange Completes First Phase of the Liffe Transition to ICE Futures Europe; London Soft Commodities Now on the ICE Platform alongside ICE Futures U.S. Softs Contracts
LONDON--(BUSINESS WIRE)--
Intercontinental Exchange (NYSE:ICE), the leading global network of
exchanges and clearing houses, announced that it has successfully
completed the transition of the Liffe London soft commodity futures and
options contracts to ICE Futures Europe. These products are now listed
on the ICE trading platform, which is also home to the ICE Futures U.S.
soft commodity futures and options that include Sugar 11, Cocoa, Coffee,
Cotton and Frozen Concentrated Orange Juice contracts. For the first
time, global soft commodities contracts are available for trading side
by side on the same widely distributed, feature rich trading platform.
This was the first phase of the Liffe transition to the ICE Futures
Europe platform and follows the transition of the Liffe U.S. products to
the ICE platform in June. The following contracts were transitioned on
29 September 2014:
-
London Cocoa Futures and Options
-
Robusta Coffee Futures and Options
-
White Sugar Futures and Options
- UK Feed Wheat Futures and Options
The remaining Liffe contracts including interest rate and equity
derivatives are expected to transition to ICE Futures Europe in four
tranches on the following dates:
6 October 2014 - Fixed Income Contracts:
-
Three Month Euroswiss Futures and Options
-
One Month Eonia Futures
-
Short and Medium Gilt Futures
-
Short, Medium, Long and Ultra Long Bund Futures
-
Short, Medium and Long Italian Government Bond (BTP) Futures
-
Short, Medium and Long Spanish Government Bond (Bonos) Futures
-
Medium and Long Swiss Confederation Bond Futures
-
Euro Swapnote® Futures and Options
-
Sterling Swapnote® Futures
-
U.S. Dollar Swapnote® Futures
-
Swiss Franc Swapnote® Futures
20 October 2014 - Fixed Income Contracts:
-
Three Month Sterling Futures and Options
-
Three Month Sterling Mid-curve Options
-
Long Gilt Futures and Options
-
Ultra Long Gilt Futures
03 November 2014 - Fixed Income Contracts:
-
Three Month Euro (Euribor) Futures and Options
-
Three Month Euro (Euribor) Mid-curve Options
-
Three Month Eonia Swap Index Futures
17 November 2014 – Equity Derivatives Contracts:
-
Index Futures and Options
-
Single Stock Futures
-
Dividend Adjusted Single Stock Futures
-
Individual Equity Options
The ICE
trading platform features state-of-the art technology and
functionality, including trading applications such as the WebICE
trading front end, ICE
mobile, ICE
Chat and ICE
Options Analytics. The transition of Liffe contracts to the ICE
platform provides:
-
Retention of a pro-rata, allocation-based matching model for interest
rate futures markets
-
Enhanced wash trade prevention protections, including ICE’s self-trade
prevention functionality
-
Improved pre-trade risk management technology, interval price limit
circuit breakers and sophisticated messaging policies to maintain
highly efficient, orderly and reliable markets
The clearing transition of the Liffe market to ICE Clear Europe was
completed in July 2013; and all Liffe commodity, interest rate and
equity derivatives contracts will continue to be cleared at ICE Clear
Europe.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is the leading network of
regulated exchanges and clearing houses for financial and commodity
markets. ICE delivers transparent, reliable and accessible data,
technology and risk management services to markets around the world
through its portfolio of exchanges, including the New York Stock
Exchange, ICE Futures and Liffe.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE, New York Stock Exchange and
LIFFE. Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its affiliates
is located at www.intercontinentalexchange.com/terms-of-use
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 - Statements in this press release regarding ICE'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, 2013, as filed with the SEC on February 14, 2014.
SOURCE: Intercontinental Exchange
ICE-CORP

Media Contact:
James Dunseath
+44 20 7429 4584
james.dunseath@theice.com
or
Investor
Contact:
Kelly Loeffler
+1 770 857 4726
kelly.loeffler@theice.com
Source: Intercontinental Exchange