Ice to launch UK gas clearing

Energy trading platform Intercontinental Exchange (Ice) is to start clearing its UK over-the-counter (OTC) natural gas contract on September 12. The exchange will offer clearing in conjunction with the London Clearing House (LCH), which already clears other OTC natural gas and crude oil contracts for Ice.

Users of Ice will be able to cross-margin between Ice’s UK natural gas contract and the UK natural gas futures contract traded on London’s International Petroleum Exchange (IPE), which is also c

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