ICE OTC
In May 2000, IntercontinentalExchange (ICE) was established, with its founding shareholders representing some of the world’s largest energy traders.
ICE operates its OTC electronic platform as an exempt commercial market under the Commodity Exchange Act and regulations of the Commodity Futures Trading Commission, or CFTC. The CFTC generally oversees, but does not substantively regulate, the trading of OTC derivative contracts on the ICE platform. All ICE participants must qualify as eligible commercial entities, as defined by the Commodity Exchange Act, and each participant must trade for its own account, as a principal.
ICE’s trading platform offers participants access to a wide spectrum of swaps products including global oil, North American power and gas.