ICE Futures U.S.(TM), a wholly-owned subsidiary of IntercontinentalExchange (NYSE: ICE), announced today that effective with the start of trading on Friday, December 21st, the exchange will implement block trade capability for the Sugar No. 11, Coffee "C" and Robusta Coffee futures and options contracts, and for the Cotton No. 2, Cocoa and FCOJ-A options contracts. All block trades in these products must comply with ICE Futures U.S. and U.S. Commodity Futures Trading Commission requirements.
The implementation of block trading capability will allow qualified block traders to negotiate the execution of large transaction sizes in these products at a single trade price in a manner that complies with all relevant regulatory requirements.
A member notice detailing the block trade requirements is posted on the ICE website at https://www.theice.com/exchange_notices.jhtml.