ICE Futures U.S.(R), a wholly-owned subsidiary of IntercontinentalExchange, Inc. (NYSE: ICE), announced changes to electronic trading hours for certain agricultural futures and options contracts. Effective with the start of trading on Monday, December 1, 2008, the trading day for the following products will end at 2:45 pm ET: Cocoa, Coffee "C" and Robusta Coffee, Cotton No. 2, FCOJ, Sugar No. 11(R), Sugar No. 14(R), Sugar No. 16(R), RJ-CRB Index, and CCI Index.
In addition, the following changes will also apply:
- Sugar No. 14, Sugar No. 16, RJ-CRB Index and CCI Index contracts will base the daily settlement price on trading from 2:44pm - 2:45pm ET each day.
- On the last trading day of the expiring futures contract month, trading in the expiring Sugar No. 14 and Sugar No. 16 contracts will end at 2:30pm ET, and trading in the expiring Cotton No. 2 futures contracts will end at 2:45pm ET.
- Floor trading for options on the CCI Index contract will end at 2:45pm each day.
ICE Futures U.S. worked collaboratively with agricultural market participants in reaching its decision to modify trading hours and settlement times for these products.
