Rigid EU Rules Makes ICE Move 245 Oil Futures Contracts To U.S.

One of the world’s largest commodity exchanges, the Intercontinental Exchange (ICE), will move trading in 245 futures and options contracts on North American oil and natural gas liquids to the U.S. from Europe to meet growing customer demand for execution of contracts in the U.S. after stricter rules on European markets entered into force on January 3. ICE has said in a circular to customers that effective February 19, it would be moving 245 oil and natural gas liquids contracts from ICE Futures Europe to ICE Futures U.S (IFUS). ICE clarified…

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