ICE Expands Global Energy Offering with the Launch of Japanese Power Futures
December 09 2024 - 7:00AM
Business Wire
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of technology and data, today announced the latest
addition to its global energy offering with the launch of Japanese
Power Futures.
ICE has launched four Japanese Power Financial Baseload and
Peakload Futures covering the Tokyo and Kansai areas respectively,
allowing market participants to manage exposure to the day-ahead
auction price of the Japanese Electric Power Exchange (JEPX) for
these areas.
“By offering Japanese Power Futures on a single platform
alongside our natural gas, coal, oil, clean energy attributes and
carbon contracts, ICE is providing customers with a critical edge
in navigating energy markets,” said Gordon Bennett, Managing
Director of Utility Markets at ICE. “Secondary fuels including
electricity are produced through the conversion of primary energy
sources like natural gas, coal and oil, and the price of
electricity is derived from the interaction of these competing
input fuels, all of which trade on ICE. Natural gas and coal make
up the majority of Japan’s electricity generation and through
trading of these contracts on ICE, customers benefit from improved
price dissemination.”
ICE’s Japanese Power Financial Futures will be offered in
monthly, quarterly and seasonal contracts as well as a Calendar and
Fiscal Year contract. In addition, customers can trade spreads
between Tokyo and Kansai to manage positions and price differences
across these regions, as well as manage exposure to regional price
risks.
ICE’s global energy markets are the most liquid in the world to
trade energy derivatives. Japanese Power futures will join ICE’s
global energy offering which includes the benchmark price for
natural gas in North-East Asia JKM LNG (Platts), the global
benchmark TTF, the U.S. benchmark Henry Hub and globalCOAL
Newcastle Coal Futures, as well as ICE’s complex of over 800 oil
and refined products including ICE Brent. Open interest across
ICE’s energy markets is up 20% year-over-year.
For more information, email sales-utilitymarkets@ice.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks that
connect people to opportunity. We provide financial technology and
data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges –
including the New York Stock Exchange – and clearing houses help
people invest, raise capital and manage risk. We offer some of the
world’s largest markets to trade and clear energy and environmental
products. Our fixed income, data services and execution
capabilities provide information, analytics and platforms that help
our customers streamline processes and capitalize on opportunities.
At ICE Mortgage Technology, we are transforming U.S. housing
finance, from initial consumer engagement through loan production,
closing, registration and the long-term servicing relationship.
Together, ICE transforms, streamlines and automates industries to
connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for certain
products covered by the EU Packaged Retail and Insurance-based
Investment Products Regulation can be accessed on the relevant
exchange website under the heading “Key Information Documents
(KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 – Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2023, as
filed with the SEC on February 8, 2024.
Category: EXCHANGES
ICE-CORP
Source: Intercontinental Exchange
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241204418937/en/
ICE Media: Jess Tatham jess.tatham@ice.com +44 7377
947136 ICE Investor: Katia Gonzalez katia.gonzalez@ice.com
(678) 981-3882
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Nov 2024 to Dec 2024
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Dec 2023 to Dec 2024