ICE Futures Singapore to Launch with Five New Contracts on November 17, 2015
SINGAPORE--(BUSINESS WIRE)--
Intercontinental Exchange (NYSE:ICE), the leading global network of
exchanges and clearing houses, today announced that ICE
Futures Singapore and ICE
Clear Singapore expects to launch on November 17, 2015, with five
new contracts.
Subject to final approval by the Monetary Authority of Singapore (MAS),
ICE’s Singapore exchange and clearing house expects to trade and clear
the first tranche of contracts below:
These contracts reflect customer demand and complement ICE’s existing
portfolio of financial and commodity benchmark contracts. ICE’s regional
portfolio of energy, gold and FX contracts offer a range of hedging
tools based on the diverse needs of market participants.
“ICE Futures Singapore will offer a range of global and regional
products designed to meet the needs of market participants for efficient
trading and clearing services in their local jurisdiction,” said Lucas
Schmeddes, President & COO, ICE Futures Singapore and ICE Clear
Singapore. “We are pleased to announce the November launch and would
like to thank our clearing members and customers for their ongoing
support and interest.”
In addition, ICE Trade Vault, LLC has submitted a foreign trade
repository application to MAS, which will further support market
participants’ compliance with regulatory reform in the region.
The establishment of ICE Futures Singapore and ICE Clear Singapore
support an expanded customer base and the further development of
derivatives markets in Asia. ICE has had a presence in Singapore since
2000 serving customers in the global energy markets. In recent years,
Asia-based trading activity in ICE's benchmark commodity and interest
rate products has been rising as the region assumes a greater role in
global derivatives markets.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of
regulated exchanges and clearing houses. ICE’s futures exchanges and
clearing houses serve global commodity and financial markets, providing
risk management and capital efficiency. The New York Stock Exchange is
the world leader in capital raising and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
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, 2014, as filed with the SEC on February 5, 2015.
SOURCE: Intercontinental Exchange
ICE-CORP
View source version on businesswire.com: http://www.businesswire.com/news/home/20150908006244/en/
Media Contact:
ICE
Adaora Anunoby
+44 20 7429 7147
adaora.anunoby@theice.com
Investor
Contact:
ICE
Kelly Loeffler
+1 770 857 4726
kelly.loeffler@theice.com
Source: Intercontinental Exchange
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