ICE Futures Europe Publishes Commitments of Traders Reports for Benchmark Brent and Gasoil Futures Contracts; First European Exchange to Publish Position Reports
By Intercontinentalexchange, PRNESunday, June 19, 2011
LONDON, June 20, 2011 -
IntercontinentalExchange (NYSE: ICE), a leading operator of
global regulated futures exchanges, clearing houses and
over-the-counter (OTC) markets, announced that, beginning today,
ICE Futures Europe will publish weekly Commitments of Traders (COT)
reports for its global benchmark ICE Brent Crude and ICE Gasoil
futures contracts.
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ICE Futures Europe, which is regulated by the UK Financial
Services Authority (FSA), initiated the weekly reports to provide
market transparency and leadership in the development of
comprehensive reporting across regulatory jurisdictions.
COT reports were originally developed by the U.S. Commodity
Futures Trading Commission (CFTC). The weekly CFTC COT reports
provide open interest in futures and options markets by category of
market participant. The CFTC already publishes a COT report with
respect to the ICE WTI Contract, based on data supplied by ICE
Futures Europe.
ICE Futures Europe’s COT reports for Brent incorporate the 350
lot reporting level established by the CFTC for crude oil, and the
Gasoil reports incorporate the 250 lot reporting level established
for middle distillates. The reports utilize the four categories of
market participants used by the CFTC today: producers, swap
dealers, managed money and other reportables. ICE Futures Europe’s
COT reports include futures-only and futures-and-options-combined
data, as well as open interest concentration among the contracts’
largest traders. The reports, including data beginning on June
7, 2011, are available
here.
“ICE Futures Europe is contributing to the transparency of
global listed commodity markets,” said David Peniket, President,
ICE Futures Europe. “These reports are a constructive
contribution in this respect, and an important step in the
development of a global standard through the CPSS IOSCO framework
that builds on the existing reporting foundations.”
Following today’s publication, the Exchange intends to publish
the reports each week at 12:00 pm London time (7:00
am E.T.) each Monday with data for the previous
Tuesday.
ICE Futures Europe has provided data to the CFTC for its
U.S.-linked energy futures contracts, including WTI, since 2006.
ICE’s U.S.-based DCM, ICE Futures U.S., provides data to the CFTC
for COT reports for its benchmark agricultural and U.S. Dollar
Index contracts. ICE’s OTC energy markets have provided data to the
CFTC for its Henry Hub swaps contract since 2006 and for additional
swap contracts that have been deemed Significant Price Discovery
Contracts (SPDCs) since last year. Each of these reports is
published in the CFTC’s weekly COT report.
About IntercontinentalExchange
IntercontinentalExchange (NYSE: ICE) is a leading operator of
regulated futures exchanges and over-the-counter markets for
agricultural, credit, currency, emissions, energy and equity index
contracts. ICE Futures Europe hosts trade in half of the world’s
crude and refined oil futures. ICE Futures U.S. and ICE Futures
Canada list agricultural, currencies and Russell Index markets. ICE
is also a leading operator of central clearing services for the
futures and over-the-counter markets, with five regulated clearing
houses across North America and Europe. ICE serves customers in
more than 70 countries.
The following are trademarks of IntercontinentalExchange, Inc.
and/or its affiliated companies: IntercontinentalExchange, ICE, ICE
and block design, ICE Futures Europe and ICE Clear Europe. 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
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, 2010, as filed with the SEC on
February 9, 2011.
ICE-ENGY
Media Contacts: Lee Underwood, Director, Communications, +1-770-857-0342, lee.underwood at theice.com, or Brookly McLaughlin, Manager, Communications, +1-312-836-6728, Brookly.mclaughlin at theice.com; or Investor Contact: Kelly Loeffler, VP Investor Relations & Corp. Communications, +1-770-857-4726, kelly.loeffler at theice.com, all of IntercontinentalExchange
Tags: England, IntercontinentalExchange, June 20, London
