IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the launch of 10 new foreign exchange futures contracts on ICE Futures U.S. The currency pair contracts feature new contract sizes and will be available for the trade date of Monday, June 6, 2011. With the products announced today, ICE will offer more than 60 FX futures contracts, including the industry benchmark ICE U.S. Dollar Index.
The new contracts listed are:
|Contract||Exchange Symbol||Contract Size|
|Euro/US dollar||KEO||125,000 euros|
|Euro/Swiss franc||KRZ||125,000 euros|
|Euro/Australian dollar||KRA||125,000 euros|
|Euro/British pound||KGB||125,000 euros|
|Euro/Canadian dollar||KEP||125,000 euros|
|Euro/Japanese yen||KFJ||125,000 euros|
|Euro/Norwegian krone||KOL||125,000 euros|
|Euro/Swedish krona||KRK||125,000 euros|
|Swiss franc/Japanese yen||KZY||250,000 Swiss francs|
|Australian dollar/US dollar||KAU||100,000 Australian dollars|
“FX traders in the institutional, retail, bank and corporate segments have expressed strong interest in trading additional futures pairs alongside the benchmark ICE U.S. Dollar Index futures contract,” said Ray McKenzie, Vice President, ICE Futures U.S. “With the addition of these 10 currency pairs at ICE Futures U.S., market participants now have the choice of another regulated futures exchange venue for trading currency futures in popular contract sizes.”
The contracts will be listed exclusively on the ICE platform, which features sub-millisecond execution speeds. The contracts also are available for exchange-for-physical (EFP) transactions and block trading. There are no EFP surcharges beyond the normal Exchange and clearing fees.
The contracts will offer capital efficient margining, including spread margining with the ICE U.S. Dollar Index and other currency pairs, as well as inter-exchange spread credit. ICE also has expanded the Exchange Member Firm Fee Program for the U.S. Dollar Index to include all of its FX futures and options contracts, featuring a rate of $0.30 per side. Terms of the program and a program application are available at https://www.theice.com/publicdocs/futures_us/usdxapplication.pdf.
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
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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, 2010, as filed with the SEC on February 9, 2011.
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