Commodity Futures Trading Commission Determines that Certain Contracts Traded on IntercontinentalExchange Inc. are Significant Price Discovery Contracts

Posted on July 23, 2010 by Kevin M. Foley

Co-authored by Joshua Penner

The Commodity Futures Trading Commission has determined that certain contracts traded on IntercontinentalExchange Inc. perform significant price discovery functions and, therefore, must be traded in compliance with the statutory provisions, including core principles, applicable to "significant price discovery contracts" (SPDCs).

A list of the relevant final orders declaring certain contracts to be SPDCs can be found here.

The CFTC press release can be found here.

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