EFP, EFS, Soft Commodity EFRP & Basis Trade Guidance
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.
Trade Adjustment Policy
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.
- Appendix A – Energy Contracts
- Appendix B – Soft Commodity Contracts
- Appendix C – Fixed Income Contracts
- Appendix D – Equity Contracts
View these documents for guidance with seeking permission to trade blocks and executing block trades and asset allocations in an approved account.
Exchange for Related Market Policy
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.
Position, Expiry and Delivery Limits and Accountability Levels
Get a complete list of position, expiry and delivery limits for ICE Futures Europe contracts so you can easily make informed decisions.
Position Transfer Guidance
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.
Self-Trade Prevention Policy
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.
Self-Trade Prevention FAQ
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.
Pre-Execution Communications and Crossing Guidance
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.
Position Management Regime for Soft Commodity Contracts
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.
Error Correction Policy & Form
This document provides guidance on the Error Correction Facility and the circumstances in which an error correction may be submitted.
Trader Identification Requirements
View this FAQ document for guidance outlining the ICE Futures Europe requirements for the identification of traders.
Exchange Ownership and Control Requirements Document
This document outlines the Exchange’s Ownership and Control Requirements with respect to account identification.
Orders to Transactions Ratios Guidance
Orders to Transactions Ratios Guidance as per MIFID II Article 48(12)(b) and related RTS 9.
This document outlines the calculation methodology for the ICE Brent Index.
Order Quantity Limits
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.
EFP and EFS Times
See the trading and reporting times for EFPs and EFSs traded through this exchange. Unless otherwise noted, all times are displayed in London time.
No Cancellation Ranges
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.
Designated Settlement Periods and Volume Thresholds
See the most recent designated settlement periods, futures unofficial settlement duration and volume thresholds for futures and options contracts traded through this market.
Trade at Settlement
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.
Position Maintenance Cut-Off Times
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.
Reportable Thresholds and Volume Threshold Levels
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.
Position, Expiry and Low Sulphur Gasoil Delivery Limit Table
Get a complete list of position, expiry and delivery limits for Low Sulphur Gasoil so you can easily make informed decisions.
Managed File Transfer (MFT) Technical Guide for Postion Reporting
This document provides technical guidance to members using the MFT service to upload electronic Position Reporting Large Trading Files (LGTR) for position reporting purposes.
Position Reporting: General Technical Information
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.
LGTR Position Reporting File Format
All required records must be submitted together in a single file. Each record is 80 characters long. This document shows the specific record format.
System Outage Emergency Settlement Procedures
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 Futures Europe conducts Phase III EUA auctions on behalf of the U.K. Government’s Department of Energy and Climate Change. See how they work.
Stop with Protection Order: Protection Limits
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.
EXPIRY LIMIT EXEMPTION FORM
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.
Delivery Limit Exemption Application Form – Single Member
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.
Delivery Limit Exemption Application Form – Multi Member
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.
Low Sulphur Gasoil Delivery Limit Exemption Form
Companies who wish to apply for an exemption from the ICE Low Sulphur Gasoil Delivery Limit should fill out this form with the relevant information and submit the completed form.
Energy Position Limit Exemption 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.
MIFID MFT Access Form
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 Expiry Times
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.
Long and Short Contract Names
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.
List of Recognized Gasoil Installations
See the complete list of recognized gasoil installations for ICE Futures Europe including their addresses and respective areas.
List of Contract Details for Equity Products
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.
MSCI Index Derivatives – Contract Specs
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.
ICE Block Equities Contract List
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.
Equities – Current Liquidity Providers
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.