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    Intercontiental Exchage (Ice)

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    Shivangi
    Intercontinental Exchange (ICE) started in 2000 with the goal of creating an electronic marketplace for energy markets. Today, ICE is a Fortune 500 company that connects participants across major markets. ICE operates derivatives markets including agriculture, energy, metals, freight, and equity index futures. The document then provides details on specific futures contracts offered by ICE, including canola futures, cape size timecharter freight futures, and ERCOT North 345kV real-time peak daily fixed price futures. Market specifications, trading hours and other key information is outlined for each contract.

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    Intercontiental Exchage (Ice)

    Uploaded by

    Shivangi
    11 views16 pages
    Intercontinental Exchange (ICE) started in 2000 with the goal of creating an electronic marketplace for energy markets. Today, ICE is a Fortune 500 company that connects participants across major markets. ICE operates derivatives markets including agriculture, energy, metals, freight, and equity index futures. The document then provides details on specific futures contracts offered by ICE, including canola futures, cape size timecharter freight futures, and ERCOT North 345kV real-time peak daily fixed price futures. Market specifications, trading hours and other key information is outlined for each contract.

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    INTERCONTIENTAL EXCHAGE(ICE).pptx

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    Intercontinental Exchange (ICE) started in 2000 with the goal of creating an electronic marketplace for energy markets. Today, ICE is a Fortune 500 company that connects participants across major markets. ICE operates derivatives markets including agriculture, energy, metals, freight, and equity index futures. The document then provides details on specific futures contracts offered by ICE, including canola futures, cape size timecharter freight futures, and ERCOT North 345kV real-time peak daily fixed price futures. Market specifications, trading hours and other key information is outlined for each contract.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    11 views16 pages

    Intercontiental Exchage (Ice)

    Uploaded by

    Shivangi
    Intercontinental Exchange (ICE) started in 2000 with the goal of creating an electronic marketplace for energy markets. Today, ICE is a Fortune 500 company that connects participants across major markets. ICE operates derivatives markets including agriculture, energy, metals, freight, and equity index futures. The document then provides details on specific futures contracts offered by ICE, including canola futures, cape size timecharter freight futures, and ERCOT North 345kV real-time peak daily fixed price futures. Market specifications, trading hours and other key information is outlined for each contract.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 16

    INTERCONTIENTAL

    EXCHAGE(ICE)
    MADE BY:
    AKUR CHATURVEDI
    SHIVANGI BALGUHER
    ABOUT ICE
    ICE started out in 2000 with the idea of transforming the energy markets
    by creating an electronic marketplace that removed barriers and drove
    transparency and access.
    Today, ICE is a Fortune 500 company that connects the largest community
    of participants in all major markets at key phases of the investing, trading,
    hedging and capital raising lifecycle. Our comprehensive markets, clearing
    houses and data solutions mean that we uniquely deliver more mission
    critical markets, risk management and data for our customers’ workflow
    than any other exchange operator in the world.
    ICE DERIVATIVES
    At ICE Futures U.S., they’re supporting efficient markets that enable risk management
    across the global economy. Designed to be flexible and keep customers ahead of the curve,
    ICE’s trading and risk management solutions include a diverse range of futures
    contracts including benchmarks in globally traded soft commodities, North American
    natural gas and power, equity indexes and FX.
    Derivative products ICE deals in:
     Agriculture

     Energy

     U.S. Environmental

     FX

     Freight derivatives

     Metals

     Equity Indices
    CANOLA FUTURES
    • Description:-The canola futures contract is the world benchmark for canola trading.
    The contract prices physical delivery of canola seed free-on-board trucks or rail cars in
    the par delivery region in Saskatchewan.
    • Market Specifications:-
    a) Trading Screen Product Name : Canola Futures
    b) Trading Screen Hub Name : ICUS
    c) Commodity Code : RS
    d) Currency : Canadian dollars.
    e) Delivery Months : January, March, May, July, November.
    f) Contract Size : 1 contract = 20 tonnes.
    g) Trade Match Algorithm : First-in-First-out (FIFO).
    CANOLA FUTURES
    • First Delivery Day : First Trading Day of the delivery month.
    • Last Trading Day :Trading Day preceding the fifteenth calendar day of the
    delivery month.
    • Final Notice Day : First Trading Day after the last Trading Day of the delivery
    contract.
    • Minimum Price Fluctuation : $0.10/tonne ($2.00/contract).
    • Daily Price Limit : $30.00/tonne above or below previous settlement.
    • Speculative Position Limit : 3,000 contracts (In spot month only)
    • MIC Code : IFUS
    • Clearing Venues : ICUS
    CANOLA FUTURES
    Trading Hours
    CITY TRADING PRE-OPEN
    NEW YORK 8:00 PM - 2:20 PM 7:30 PM
    LONDON 12:00 AM - 6:20 PM 11:30 PM
    SINGAPORE 8:00 AM - 2:20 AM 7:30 AM
    CAPESIZE TIMECHARTER (BALTIC)
    FREIGHT FUTURE
    • Description:-A monthly cash settled freight future based on the Capesize Timecharter
    Index as made public by the Baltic Exchange.
    • Market Specifications:-
    a) Trading Screen Product Name : Capsize Timecharter Freight Futures
    b) Trading Screen Hub Name : Capsize
    c) Commodity Code :TCC
    d) Contract Size : 1 day of time charter
    e) Unit of Trading : Any multiple of 1 day of time charter
    f) Currency : US Dollars and cents
    g) Trading Price : $1.00 per Charter Day
    CAPESIZE TIMECHARTER (BALTIC)
    FREIGHT FUTURE
    • Settlement Price : One cent ($0.01) per Charter Day
    • Minimum Price Fluctuation : One cent ($0.01) per Charter Day
    • Last Trading Day : Last Trading Day of the contract month
    • Floating Price : In respect of daily settlement, the Floating Price will be
    determined by ICE using price data from a number of sources including spot,
    forward and derivative markets for both physical and financial product.
    • Final Settlement : In respect of final settlement, the Floating Price will be a
    price in USD and cents per day based upon the average of the spot
    assessments as made public by the Baltic Exchange for the Capesize
    Timecharter Index for each business day (as specified below) in the
    determination period.
    CAPESIZE TIMECHARTER (BALTIC)
    FREIGHT FUTURE
    • Contract Series : Up to 48 consecutive months
    • Final Payment Date :Two Clearing House Business Days following the Last
    Trading Day
    • Business Days : Publication days for Baltic Exchange
    • MIC Code : IFEU
    • Clearing Venues : ICEU
    CAPESIZE TIMECHARTER (BALTIC)
    FREIGHT FUTURE
    Trading Hours
    CITY TRADING PRE-OPEN
    NEW YORK 8:50 PM - 7:00 PM 8:40 PM
    LONDON 12:50 AM - 11:00 PM 12:40 AM
    SINGAPORE 8:50 AM - 7:00 AM 8:40 AM
    ERCOT NORTH 345KV REAL-TIME
    PEAK DAILY FIXED PRICE FUTURE
    • Description : A daily cash settled Exchange Futures Contract based upon the
    mathematical average of peak hourly electricity prices published by ERCOT for the
    location specified in Reference Price A.
    • Market Specifications:-
    a) Trading Screen Product Name : Peak Futures
    b) Trading Screen Hub Name : ERCOT North 345KV Hub RT
    c) Commodity Code : END
    d) Settlement Method : Cash settlement
    e) Contract Size : 800 MWh
    f) Currency : US Dollars
    ERCOT NORTH 345KV REAL-TIME
    PEAK DAILY FIXED PRICE FUTURE
    • Minimum Price Fluctuation : The price quotation convention shall be One
    cent ($0.01) per MWh; minimum price fluctuation may vary by trade type.
    Please see Table in Resolution 1 to this Chapter 18.
    • Listing Cycle : Up to 365 consecutive Daily Contract Periods.
    • Last Trading Day : For Monday through Friday Contract Periods, excluding
    NERC holidays, if the following calendar day is a Business Day, the Business
    Day following the Contract Period with a closing time of 11:00pm EPT the
    night before; If the following calendar day is not a Business Day, the Business
    Day equal to the Contract Period with a closing time equal to the end of the
    Trading Session For each Saturday, Sunday, and NERC holiday Contract
    Period, the last Business Day prior to the Contract Period with a closing time
    equal to the end of the Trading Session.
    ERCOT NORTH 345KV REAL-TIME
    PEAK DAILY FIXED PRICE FUTURE
    • Final Settlement : Reference Price A
    • REFERENCE PRICE A : ELECTRICITY-ERCOT-NORTH 345KV HUB-REAL
    TIME
    • a) Ref Price A – Description : "ELECTRICITY-ERCOT-NORTH 345KV HUB-
    REAL TIME" means that the price for a Pricing Date will be that day's Specified
    Price per MWh of electricity for delivery on the Delivery Date, stated in U.S.
    Dollars, published by the ERCOT
    • b) Ref Price A - Pricing Date : Each day that prices are reported for the Delivery
    Date
    • c) Ref Price A - Specified Price : Average of SPPs for all hours ending 0700-2200
    CPT
    ERCOT NORTH 345KV REAL-TIME
    PEAK DAILY FIXED PRICE FUTURE
    • d) Ref Price A - Pricing calendar : ERCOT
    • e) Ref Price A - Delivery Date : Contract Period
    • Final Payment Date :The sixth Clearing Organization business day following
    the Last Trading Day
    • MIC Code : IFED
    • Clearing Venues : ICEU
    ERCOT NORTH 345KV REAL-TIME
    PEAK DAILY FIXED PRICE FUTURE
    Trading Hours
    CITY TRADING PRE-OPEN
    NEW YORK 7:50 PM - 6:00 PM 7:40 PM
    LONDON 11:50 PM - 10:00 PM 11:40 PM
    SINGAPORE 7:50 AM - 6:00 AM 7:40 AM
    THANK YOU

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