This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ICE Announces February 11 Launch Of 16 New Oil, Iron Ore And API 8 South China Coal Contracts

Stocks in this article: ICE

LONDON, Jan. 28, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today announced the introduction of 16 new energy contracts on ICE Futures Europe. The new contracts include global oil and ferrous metal futures products, as well as API 8* CFR South China coal futures, a cash settled contract based on the price of coal delivered into Southern China.

All of the new products are expected to be available for the trade date of Monday February 11, 2013, subject to regulatory non-objection. The new contracts are:

Global Oil Products

  • TMX C5 1b Future (TMC)
  • Fuel Oil Straight Run 0.5-0.7% FOB NWE Cargoes Future (FSR) (Platts) 1
  • Argus Eurobob Oxy FOB Rotterdam Barges vs Platts Naphtha CIF NWE Cargoes Future (EON) (Argus/Platts) 2
  • Daily Dated Brent Future 1,000 bbl (DDB) (Platts) 3
  • Brent CFD vs First Month Future 1,000 bbl (BFM) (Platts) 3
  • Brent CFD vs Second Month Future 1,000 bbl (BSM) (Platts) 3
  • Brent CFD vs Third Month Future 1,000 bbl (BTM) (Platts) 3
  • Daily Dated Brent vs Brent 1st Line Future (DBL) (Platts) 3
  • Singapore Mogas 92 Unleaded vs Brent 1st Line Future (STB) (Platts) 4
  • Singapore Mogas 95 Unleaded vs Brent 1st Line Future (SFB) (Platts) 4
  • Singapore Mogas 97 Unleaded vs Brent 1st Line Future (SSB) (Platts) 4
  • Urals North vs Dated Brent CFD Balmo Future (MAM-MBQ) (Platts) 3
  • Urals Med vs Dated Brent CFD Balmo Future (MED-MFH) (Platts) 3

Coal

  • API 8* CFR South China coal futures (CRF) (Argus/IHS McCloskey Coal) 5

Ferrous Metals

  • Iron Ore 62% Fe (TSI), CFR Tianjin Future (IOC) (The Steel Index) 6
  • Iron Ore 62% Fe (Platts IODEX) vs Iron Ore 62% Fe (TSI), CFR Tianjin Future (IOS) (Platts/TSI) 7

With the products announced today, ICE will offer over 800 energy contracts.  All ICE energy contracts are cleared at ICE Clear Europe.

  1. This contract references Platts European Marketscan.
  2. This contract references Argus European Products report and Platts European Marketscan.
  3. These contracts reference Platts Crude Oil Marketwire.
  4. These contracts reference Platts Asia-Pacific/Arab Gulf Marketscan.
  5. This contract references Argus/McCloskey's Coal Price Index Report.
  6. This contract references The Steel Index's Iron Ore Daily Edition.
  7. This contract references Platts Steel Markets Daily and The Steel Index's Iron Ore Daily Edition.

* API 8 is a trademark of and is used under license from Argus Media Limited and IHS Global Limited.  All copyrights and database rights in the API 8 index belong exclusively to Argus and IHS. Official prices for the API 8 are only available from Argus. Argus and IHS take no position on the purchase or sale of ICE's financially settled listings.

Editor's Notes

About IntercontinentalExchange     IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated exchanges and clearing houses serving the risk management needs of global markets for agricultural, credit, currency, emissions, energy and equity index products. ICE serves customers in more than 70 countries. www.theice.com. The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Clear Credit, ICE Futures U.S., and ICE OTC. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml

About Platts     Platts, a division of The McGraw-Hill Companies, is a leading global energy, petrochemicals and metals information provider. "Platts", " Platts Crude Oil Market Wire", " Platts European Marketscan", " Platts Asia-Pacific/Arab Gulf Marketscan", "Platts Steel Markets Daily", "Platts Metal Alert", and "The Steel Index's Iron Ore Daily Edition" are trademarks of The McGraw-Hill Companies. The Steel Business Briefing Group and its specialist pricing unit The Steel Index (TSI) became part of Platts in 2011. Platts' data and trademarks are proprietary and are used under license. Platts does not sponsor, endorse, sell or promote exchange contracts and Platts accepts no liability for the use of Platts data in connection therewith. 

About Argus     Argus Media is a leading provider of price assessments, business intelligence, market data, consultancy and conferences on the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer and transportation industries. Argus energy and fertilizer prices are widely used by leading companies, governments and international agencies as benchmarks in supply contracts, risk management and planning. "ARGUS", is a trademark of Argus Media Limited and are used under license.  All copyrights and database rights in Argus data belong exclusively to Argus Media Limited.  Argus takes no position on the purchase and sale of exchange contracts and accept no liability in connection with any use of Argus data.

Safe Harbor Statement    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, 2011, as filed with the SEC on February 8, 2012, and ICE's Quarterly Reports on Form 10-Q for the quarters ended June 30, 2012, as filed with the SEC on August 1, 2012 and September 30, 2012, as filed with the SEC on November 5, 2012.

ICE-ENGY

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,380.41 +263.17 1.63%
S&P 500 1,886.76 +24.00 1.29%
NASDAQ 4,258.4380 +41.0480 0.97%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs