Global Markets

ICE to move trading contracts from London to US

The Intercontinental Exchange (ICE) will transfer trading in 245 energy futures contracts from London to the United States next month
By Staff reporter 12 January 2018 0 29080

The Intercontinental Exchange (ICE) will transfer trading in 245 energy futures contracts from London to the United States next month, the Atlanta-based trading platform has announced.

The move comes after new EU regulations governing European financial markets, the Markets in Financial Instruments Directive, came into force last week.

ICE said in a statement on Thursday that contracts on North American oil and NGLs will be removed from the Futures Europe exchange and instead traded on the Futures US exchange from 19 February.

Trading will be overseen by...