The Commodity Futures Trading Commission is requesting public comment on a rule amendment certification filing by ICE Futures U.S., Inc. (IFUS). As described in the certification, the proposed amendment to IFUS Rule 4.26 would allow for the implementation of Passive Order Protection (POP) Functionality, which is intended to reduce latency advantages between traders engaged in arbitrage strategies against related markets. The POP Functionality proposed by the certification would be implemented in the daily gold and silver futures markets.
Continue Reading CFTC Requests Public Comment on a Rule Amendment Certification Filing by ICE Futures U.S.

On October 22, the UK Financial Conduct Authority (FCA) updated its webpage for bespoke position limits set for a number of commodity derivatives traded on UK trading venues, namely contracts traded on ICE Futures in the United Kingdom.

Following ICE Futures’ recent update of its range of products, the FCA has made the following amendments to its webpage:
Continue Reading FCA Updates Webpage on MiFID II Position Limits for Commodity Derivative Contracts

On December 7, the Commodity Futures Trading Commission’s Division of Market Oversight (DMO) announced the results of its rule enforcement review of ICE Futures U.S. The review covered a one-year target period and evaluated ICE’s compliance with Designated Contract Core Principles 2 (Compliance With Rules) and 12 (Protection of Markets and Market Participants).
Continue Reading CFTC Releases Results of ICE Futures U.S. Rule Enforcement Review

The Division of Market Oversight of the Commodity Futures Trading Commission has extended the public comment period with regard to the proposal by ICE Futures U.S. (IFUS) to allow pre-hedging or anticipatory hedging in certain circumstances in connection with block trades reported to IFUS. For further details on IFUS’s proposal, see the Corporate & Financial Weekly Digest edition of June 17.
Continue Reading CFTC Extends Public Comment Period for ICE Futures U.S. Block Trade Rule Change