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ICE To Launch 19 OTC NatGas Contracts

IntercontinentalExchange will introduce19 cleared OTC North American natural gas contracts.

IntercontinentalExchange (ICE) will introduce19 cleared OTC North American natural gas contracts. All the new contracts will be offered for trade from May 16, 2011. All the basis swaps reference Platts Inside FERC’s Gas Market Report, while all swing swaps reference Platts Gas Daily.

All index swaps reference both the Platts publications. With the addition of the new products, ICE will offer over 420 cleared OTC energy contracts, including nearly 325 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.

Click here for the release from PR Newswire.

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