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ICE Futures U.S.(TM), a wholly-owned subsidiary of IntercontinentalExchange (NYSE: ICE), announced today that effective with the start of trading on Friday, December 21, the exchange will implement block trade capability for the Sugar No. 11, Coffee "C" and Robusta Coffee futures and options contracts, and for the Cotton No. 2, Cocoa and FCOJ-A options contracts. All block trades in these products must comply with ICE Futures U.S. and U.S. Commodity Futures Trading Commission requirements.
The implementation of block trading capability will allow qualified block traders to negotiate the execution of large transaction sizes in these products at a single trade price in a manner that complies with all relevant regulatory requirements.
A member notice detailing the block trade requirements is posted on the ICE website at https://www.theice.com/exchange_notices.jhtml.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates global commodity and financial products marketplaces, including the world's leading electronic energy markets and soft commodity exchange. ICE's diverse futures and over-the-counter (OTC) markets offer contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including canola, cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, in addition to foreign currency and equity index futures and options. ICE(R) conducts its energy futures markets through ICE Futures Europe(TM), its London-based futures exchange, which offers the world's leading oil benchmarks and trades nearly half of the world's global crude futures in its markets. ICE conducts its soft commodity, foreign exchange and equity index markets through its U.S. futures exchange, ICE Futures U.S.(TM), which provides global futures and options markets, as well as clearing services through ICE Clear U.S.(TM) In August 2007, ICE acquired the Winnipeg Commodity Exchange Inc., the leading agricultural futures exchange in Canada. ICE's state-of-the-art electronic trading platform brings market access and transparency to participants in more than 50 countries. ICE was added to the Russell 1000(R) Index in June 2006 and the S&P 500 Index in September 2007. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Dublin, Houston, London, New York, Singapore and Winnipeg. For more information, please visit www.theice.com.
