LONDON, UK – Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced on March 13, 2015 the introduction of 44 new contracts.
This includes Euro Cocoa and energy futures and options contracts, on March 30, 2015, subject to the satisfactory completion of applicable regulatory processes.
Following extensive market consultation, ICE will introduce the new Euro Cocoa contracts, which will operate in parallel with the existing pound-sterling London Cocoa contract.
Excluding currency, the new Euro Cocoa contracts specification will mirror the London cocoa contract including physical settlement and will trade and clear at ICE Futures Europe and ICE Clear Europe. Customers will therefore be able to benefit from cross margin offsets with the London Cocoa contract.
The new energy futures and options contracts, which will be available for trading at either ICE Futures Europe or ICE Futures U.S. and cleared at ICE Clear Europe, include cash settled oil, wet freight, U.S. natural gas and financial power, as well as physical environmental contracts.
To read the ICE Futures Europe Euro Cocoa Futures and Options Contract Specifications click here.
