We operate precious metals and iron ore markets that have been developed based on customer feedback. ICE Futures US operates liquid markets for gold and silver futures and options contracts whilst ICE Futures Europe provides iron ore futures contracts based on both Platts and The Steel Index (TSI) underlyings.
Our precious metals complex includes the Mini Gold and Mini Silver Futures contract as well as the Gold and Silver Daily Futures contracts.
The Gold Daily Futures and the Silver Daily Futures contracts, are physically settled contracts for gold and silver delivered loco London in unallocated vault accounts. These futures contracts enable participants in the IBA Gold and Silver Auctions to exchange their auction positions for cleared futures contracts held with ICE Clear US.
Find out more about Central Clearing for the IBA Gold and Silver Auctions
Through liquid and transparent markets and efficient delivery procedures, we provide precious metals market participants an effective way to manage their positions as well as to implement their investment and hedging strategies.
The market is supported by a diverse group of central order book market makers and wholesale liquidity providers ensuring consistent and deep order books throughout the trading day.
Iron ore is a mineral with metallic iron (Fe) content. High grade iron ore contains at least 60% Fe content, and the industry has adopted the 62% Fe specification as a standard benchmark for derivative transactions. ICE offers Iron Ore futures based on both the Platts Iron Ore 62% Fe index and The Steel Index (TSI) daily assessments. ICE provides effective management of price risk around steel input costs; this type of price risk management has long been available for other factors of production and complements ICE’s existing suite of energy futures contracts.