"Independent traders play a key role in providing liquidity and transparency to futures markets," said David Goone, Ice senior vice-president. "For the first time since the passage of the Commodity Futures Modernization Act in 2000, all registered traders will have the opportunity to trade in OTC commodity markets via a digital platform."
Ice is presently suing its rival, the New York Mercantile Exchange (Nymex), over alleged abuse of monopoly power in the energy trading markets. Ice said attempts by Nymex to prevent it from using Nymex settlement prices on its platform are an illegal restraint of trade intended solely to restrict competition. Its suit was made as a counterclaim against Nymex. In November, the New York-based exchange sued Ice for alleged copyright infringement over Ice’s use of its natural gas and oil futures prices to clear and settle futures trades on the Ice platform.
The week on Risk.net, July 7-13, 2018Receive this by email