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ICE Futures U.S.(TM), a wholly-owned subsidiary of IntercontinentalExchange (NYSE: ICE), announced today that effective with the July 2009 expiration, the exchange will amend its rules for the FCOJ-A futures contract, adding Mexico and Costa Rica as countries of origin deliverable under the contract. Prior to the change, only product of Florida and/or Brazil was allowed.
The amendments to FCOJ Rule 13.02 revise the country of origin requirement for futures contracts to provide that product of the United States, Brazil, Mexico and Costa Rica, or any blend thereof, is deliverable under the contract. At the same time, the exchange is implementing amendments to Licensing Rules 7.63 and 7.64, which support the revised product origin standard with regard to storage and loadout of product in exchange deliveries.
On December 13, 2007, the exchange announced the temporary delisting of the July 2009 expiry and all subsequent months and instituted a temporary moratorium on listing new contract months while changes to the futures contract terms were being considered. With the implementation of the changes noted above, the exchange will resume trading of the months that were temporarily delisted, and will resume the regular listing of additional contract months.
Effective with the start of trading on Monday, March 24, 2008, the following futures contract months will be listed for trading on the ICE electronic platform:
July 2009
September 2009
November 2009
January 2010
March 2010
May 2010
July 2010
September 2010
November 2010
January 2011
Options on each of these futures contracts will be listed for trading on the following day, Tuesday, March 25, 2008.
The Rulebook for the FCOJ contract is available on our website at https://www.theice.com/futures_us_rulebook.jhtml .
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) is a leading operator of global exchanges and over-the-counter (OTC) markets. ICE offers futures and OTC markets on a single trading platform, including markets for crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities and financial products such as canola, cocoa, coffee, cotton, ethanol, orange juice, wood pulp, sugar, foreign currency and equity index futures and options. ICE(R) conducts its energy futures markets, including the leading oil benchmark contracts, through its London-based exchange, ICE Futures Europe(TM). ICE conducts its global agricultural commodity, foreign exchange and equity index futures markets through its U.S. and Canadian exchanges, ICE Futures U.S.(TM) and ICE Futures Canada(TM), and offers clearing services through ICE Clear U.S.(TM) and ICE Clear Canada(TM). ICE's state-of-the-art electronic trading platform serves market participants in more than 55 countries. ICE is included in the Russell 1000(R) Index and the S&P 500 Index. Headquartered in Atlanta, ICE has offices in Calgary, Chicago, Dublin, Houston, London, New York, Singapore and Winnipeg. For more information, please visit www.theice.com .
