ICE's plans to launch IFAD were disclosed in November 2019 with ICE partnering with ADNOC (Abu Dhabi National Oil Company) and nine large energy traders, including BP, Shell, PetroChina and GS Caltex.
Showing posts with label ICE. Show all posts
Showing posts with label ICE. Show all posts
Monday, 9 March 2026
Oil Prices up 12.5% from Previous Day on Iran Conflict
Brent crude is currently trading at $104.47 a barrel and WTI at $99.6 putting the Brent-TI spread almost $5 premium Brent over WTI in face of the Iran conflict.
Friday, 21 November 2025
Sugar (Number 11) Futures Down 35%
Sugar futures are down 35% this year, at lowest levels since 2020.
Sugar No. 11, futures contract (SB) for raw centrifugal cane sugar, traded on the ICE, is the world benchmark for sugar trading.
The centrifugal reference alludes to the production process, where crystallised sugar-and-molasses mixture is spun in a high-speed centrifuge. This separates sugar from molasses, yielding raw or semi-refined sugar.
1 futures = 112,000 pounds of sugar, physically settled, FOB receiver's vessel (the port must be in the sugar's country of origin). This is around 50,000 kilograms of sugar. (1 pound = 0.45xx kg of sugar).
Contract months are March, May, July, October.
Sugar is one of the most traded futures contracts on ICE, with 31.5 million contracts traded so far in 2025 (35 million contracts traded in 2024).
Copersucar SA (Brazil) is the world's largest trader of sugar and ethanol.
Sugar and ethanol are related - in that ethanol and carbon dioxide are produced when sugar is fermented.
Tuesday, 14 October 2025
ICE Invests $2bn in Polymarkets
ICE, which owns the NYSE, has invested $2bn in prediction markets firm, Polymarkets, valuing the company at $8bn. Polymarkets works on USDC deposits (USDC = "the world's largest digital dollar") on the Polygon blockchain network. ICE will become a distributor of Polymarkets data to institutional investors globally.
Monday, 29 February 2016
What Kinds of Volumes are Being Done on Cleared Interest Rate Swaps?
Volumes Compared by Currency
The CME Group's clearing solution for interest rate swaps is doing considerable volume.
For trade date February 26, 2016, $21.6 billion of swaps were traded, with $12.5 trillion open interest. Dollar and Euro are trading around parity (with the Euro being slightly more valuable), so that's a 20 bn EUR equivalent trading volume.
Euro swaps traded only 5.2 billion euros worth in comparison. So the volume of USD swaps is approximately four times as large.
Swaps on GBP actually exceed USD swaps in trading volume terms, for the same day, 24 billion pounds traded, which is around $34 bn (which is about 1.5x larger).
Cleared Swaps on Different "Flavours of LIBOR"
The CME clear swaps on USD Libor, Euribor and plain old "LIBOR" (which is GBP LIBOR of course) as well as host of other currencies.
Where Are Rates At - USD Libor
Friday's level for USD Libor Overnight was 37 basis points. 1 month is 43 basis points and 3 month USD Libor is 63 bps. A daily update on USD Libor levels can be found here. 1year USD Libor is 116 basis points.
"Regular" LIBOR
Overnight is 48bps, 1 month is 50 bps, and 3 months is 59 bps. 1 year LIBOR is close to 100 bps.
Who sets the LIBOR Rates
The former BBA Libor is now known as ICE Libor following the reform of the benchmark and management by ICE Benchmark Administration. The Wheatley Review of LIBOR in 2012 made specific recommendations for the reform of LIBOR including a change of administration. Under a tender process led by Baroness Hogg, the NYSE Euronext came up trumps (later renamed to ICE Benchmark Administration). Both administering and making submissions to LIBOR became regulated activities from 1 April 2013 - LIBOR being the first benchmark to be regulated.
As part of their activities, ICE has a dedicated surveillance team identifying breaches of submission standards and tolerances through "a combination of alerts and pattern matching".
Other Benchmark Rates administered by ICE
The ICE Swap Rate is the new replacement for ISDAFIX effective August 2014. ICE also now administer the LBMA Gold Price.
The Greatest Volume of Swaps
Interest Rate Swaps, followed by Overnight Indexed Swaps followed by basis swaps.
The CME Group's clearing solution for interest rate swaps is doing considerable volume.
For trade date February 26, 2016, $21.6 billion of swaps were traded, with $12.5 trillion open interest. Dollar and Euro are trading around parity (with the Euro being slightly more valuable), so that's a 20 bn EUR equivalent trading volume.
Euro swaps traded only 5.2 billion euros worth in comparison. So the volume of USD swaps is approximately four times as large.
Swaps on GBP actually exceed USD swaps in trading volume terms, for the same day, 24 billion pounds traded, which is around $34 bn (which is about 1.5x larger).
Cleared Swaps on Different "Flavours of LIBOR"
The CME clear swaps on USD Libor, Euribor and plain old "LIBOR" (which is GBP LIBOR of course) as well as host of other currencies.
Where Are Rates At - USD Libor
Friday's level for USD Libor Overnight was 37 basis points. 1 month is 43 basis points and 3 month USD Libor is 63 bps. A daily update on USD Libor levels can be found here. 1year USD Libor is 116 basis points.
"Regular" LIBOR
Overnight is 48bps, 1 month is 50 bps, and 3 months is 59 bps. 1 year LIBOR is close to 100 bps.
Who sets the LIBOR Rates
The former BBA Libor is now known as ICE Libor following the reform of the benchmark and management by ICE Benchmark Administration. The Wheatley Review of LIBOR in 2012 made specific recommendations for the reform of LIBOR including a change of administration. Under a tender process led by Baroness Hogg, the NYSE Euronext came up trumps (later renamed to ICE Benchmark Administration). Both administering and making submissions to LIBOR became regulated activities from 1 April 2013 - LIBOR being the first benchmark to be regulated.
As part of their activities, ICE has a dedicated surveillance team identifying breaches of submission standards and tolerances through "a combination of alerts and pattern matching".
Other Benchmark Rates administered by ICE
The ICE Swap Rate is the new replacement for ISDAFIX effective August 2014. ICE also now administer the LBMA Gold Price.
The Greatest Volume of Swaps
Interest Rate Swaps, followed by Overnight Indexed Swaps followed by basis swaps.
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