ICE Launches New Energy Contracts – Analyst Blog
Zacks Market Commentaries (November 12th, 2009) Writes:
On Monday, Intercontinental Exchange, Inc. (ICE) launched 40 new over-the-counter (OTC) energy contracts for North American natural gas, power, natural gas liquids and global oil products. Trading of the above contracts is scheduled to begin on Dec 7, 2009.
The new cleared oil contracts include a differential calendar swap contract and a differential trade-month swap contract based on the Argus Sour Crude Index (ASCI). The two ASCI swap contracts will be available from Nov 13.
These contracts will provide a set of complementary risk-management tools to the marketplace. Including these new products, the company now offers a total of 280 cleared OTC energy contracts, including nearly 190 new OTC contracts since the launch of ICE Clear Europe in Nov 2008. The transatlantic exchange, which operates in over 50 countries, is headquartered in Atlanta , with offices in New York , London , Chicago , Winnipeg , ...
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Atlanta, Calgary, cent;, Chicago, cleared oil contracts, energy, energy contracts;, Houston, Intercontinental Exchange Inc., Investing Lessons, London, Natural Gas, natural gas liquids, New York, oil products, risk management tools, Singapore, Stocks to Watch, USD, Winnipeg, Zacks Market Commentaries
Atlanta, Calgary, cent;, Chicago, cleared oil contracts, energy, energy contracts;, Houston, Intercontinental Exchange Inc., Investing Lessons, London, Natural Gas, natural gas liquids, New York, oil products, risk management tools, Singapore, Stocks to Watch, USD, Winnipeg, Zacks Market Commentaries


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