ICE Futures Europe

Market Resources

Guidance & Policies

This document contains guidance from ICE Futures Europe on the Exchange for Physical (EFP), Exchange for Swap (EFS) Soft Commodity Exchange for Related Positions (EFRP) and basis trading facilities.

ICE Futures Europe policy on trade adjustment and cancellation detailing Exchange controls, the investigation process including factors considered in the decision making process and definitions explaining Exchange parameters.

View these documents for guidance with seeking permission to trade blocks and executing block trades and asset allocations in an approved account.

This document contains a summary overview of the Exchange of Futures for Related Market (EFM) facility and detailed guidance on the permitted use of the EFM facility and the factors to be considered when using it.

Get a complete list of position, expiry and delivery limits for ICE Futures Europe contracts so you can easily make informed decisions.

Members must ensure that they manage positions promptly and with due care and diligence, whilst complying with exchange rules at all times. See our guidance on position transfers.

The ICE platform has functionality called self-trade prevention functionality (STPF) that can assist participants in preventing violations of wash trading prohibitions. See how it works.

Implementation of new Self Trade Prevention Functionality effective 01 March 2021.

Get answers to the top questions we hear about self-trade prevention including how our prevention functionality works and how it can be set up in your account.

See the required permissions and restrictions for pre-execution communications, guidance about the executions of orders resulting from pre-execution communication and how they can impact your account.

This document details accountability levels, delivery limits, delivery limit exemptions, aggregation, enforcement and our change policies for soft commodity contracts.

Read through our messaging policy for a better understanding of how we’re discouraging inefficient and excessive messaging without compromising market liquidity.

This document provides answers to frequently asked questions in relation to the Exchange REMIT Transaction Reporting Facility offered by ICE Futures Europe.

Fill in this form and submit to the compliance department, to opt-out of the Exchange REMIT Transaction Reporting Facility.

This document provides guidance on the Error Correction Facility and the circumstances in which an error correction may be submitted.

View this FAQ document for guidance outlining the ICE Futures Europe requirements for the identification of traders.

This document outlines the Exchange’s Ownership and Control Requirements with respect to account identification.

Orders to Transactions Ratios Guidance as per MIFID II Article 48(12)(b) and related RTS 9.

Orders to Transactions Ratios

MiFID II Member Systems and Controls Document (Non-Transaction Reporting).

References

This document outlines the calculation methodology for the ICE Brent Index.

This list outlines the minimum and maximum quantity lots for futures traded this exchange. This information is provided in a downloadable Excel format to make it easy to save for future reference.

See the trading and reporting times for EFPs and EFSs traded through this exchange. Unless otherwise noted, all times are displayed in London time.

This document provides a comprehensive list of the No Cancellation Ranges, Reasonability Limits and Interval Prices Limits for all of the available Futures and Options contracts, where necessary, which are available to trade on ICE Futures Europe.

See the most recent designated settlement periods, futures unofficial settlement duration and volume thresholds for futures and options contracts traded through this market.

TAS allows a trader to enter an order to buy or sell and eligible futures contract during the course of the trading day at a price equal to the settlement price for that contract or at a price up to five ticks above or below the settlement price.

The TIC allows a trader to enter an order to buy or sell an eligible futures contract at a price expressed as a differential to that days midpoint of the bid and offer quotations for the relevant closing day price assessment as published by ICIS.

This document contains a summary overview of the cut-off times when completing position maintenance for the calculation of open interest for a trading day.

ICE Futures Europe thresholds for Reportable Positions to be contained in the daily Electronic Large Trader File ("LGTR") and Volume Thresholds to be used for account identification.

Get a complete list of position, expiry and delivery limits for Low Sulphur Gasoil so you can easily make informed decisions.

This document provides information regarding ICE Futures Europe's Position Management Controls.

This document provides technical guidance to members using the MFT service to upload electronic Position Reporting Large Trading Files (LGTR) for position reporting purposes.

See how position reporting works at ICE Futures Europe from a technical perspective and learn about the process for using our managed file transfer (MFT) system.

All required records must be submitted together in a single file. Each record is 80 characters long. This document shows the specific record format.

This document describes the emergency settlement procedures in effort to provide greater clarity and certainty around the processes undertaken by the exchange to formulate both settlement prices and tradable market prices in the event of a system outage.

ICE was appointed to host emissions auctions on behalf of the UK Government’s Department for Business, Energy and Industrial Strategy (BEIS) following the announcement from the UK Government in December 2020 of the launch of the UK ETS.

Stop orders will rest in the market above or below the current market price for bids and offers respectively. See how they work with ICE contracts.

Forms

To apply for an exemption from the Brent or Dubai 1st Line expiry limit, you’ll need to fill out this form and include a detailed commercial rationale for requiring the exemption.

This form should be used to apply for a delivery limit exemption for soft commodity contracts listed on ICE Futures Europe when one member holds the position that is the subject of the application.

This form should be used to apply for a delivery limit exemption for soft commodity contracts listed on ICE Futures Europe when more than one member holds the position that is the subject of the application.

Companies who wish to apply for an exemption from the Delivery Limit for certain physically delivered energy contracts should fill out this form with the relevant information and submit the completed form.

To apply for an exemption from energy position limits, you’ll need to fill out this form and include a detailed commercial rationale for requiring the exemption.

The ICE MFT Service allows Members and relevant market participants to automate or ad-hoc downloading and uploading of MiFID data files. Members and market participants requesting use of the ICE MiFID MFT Service should complete the attached MiFID Access Request Form and return it to the email address included at the top of the form.

Contract Information

This list shows the time of contract expiry and the day on which the contract expires for many contracts traded through ICE Futures Europe.

Markers are a way of enabling customers to manage their price risk more effectively in the physical markets throughout the trading day. See our list of daily markers.

See the full EFA calendar through the end of 2019 for U.K. electricity.

See the abbreviated contract names for popular ICE Futures Europe contracts. Note that the abbreviated names can be used when searching for a contract on ICE technology.

See the complete list of recognized gasoil installations for ICE Futures Europe including their addresses and respective areas.

This downloadable Excel file provides a list of contract details in respect to single stock futures and dividend adjusted single stock futures under contract rules QQQQQ, RRRRR, UUUUU and VVVVV of the ICE Futures Europe regulations.

Take a look at a comprehensive list of contract specs for all MSCI index derivatives traded through ICE Futures Europe and ICE Futures U.S.

The ICE Block Equities Contract List is provided in a downloadable Excel format so you’re able to easily save this information for future use.

See our current list of liquidity providers and vacant places. This list is provided in a downloadable Excel format to make it easy for you to use for future reference.