ICE Unveils 15 OTC Global Oil Products

IntercontinentalExchange(ICE), the global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets operator, has launched 15 cleared OTC global oil products. With the launch of the new products ICE will offer over 405 cleared OTC energy contracts, including more than 310 new cleared OTC contracts.

All of the new contracts will be available for trading purposes on April 4, 2011. The contracts include the Diesel 10ppm (UK) CIF NWE Cargoes vs Gasoil 1st Line Balmo Swap, the Diesel 10ppm CIF NWE Cargoes Swap and the Diesel 10ppm CIF NWE Cargoes vs Gasoil 1st Line Balmo Swap.

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