September 19, 2017 12:20 PM ET

Capital Markets

Company Overview of ICE Futures U.S., Inc.

Company Overview

ICE Futures U.S., Inc., a futures exchange, engages in global trading soft commodities. It offers futures and options on soft commodities, including coffee, cocoa, sugar, cotton, and frozen concentrated orange juice. The company’s products comprise futures and options, such as agriculture, credit, energy, equity derivatives, FX, freight, interest rates, metals, emissions, and U.S. environmental; and OTC products, including credit default swaps, ICE swap trade, and physical energy. ICE Futures U.S., Inc. was formerly known as The New York Board of Trade, Inc. and changed its name to ICE Futures U.S., Inc. in September 2007. The company was founded in 1870 and is based in New York, New York. A...

55 East 52nd Street

40th Floor

New York, NY 10055

United States

Founded in 1870

Phone:

212-748-4000

Fax:

212 748 4005

Key Executives for ICE Futures U.S., Inc.

President
Chief Operating Officer
Senior Vice President of Legal & Regulatory Affairs, General Counsel and Corporate Secretary
Senior Vice President of Floor Operations and Member Services
Vice President and Assistant Treasurer
Compensation as of Fiscal Year 2017.

ICE Futures U.S., Inc. Key Developments

ICE Futures US to Launch New London Silver Daily Futures Contract

ICE Futures US has announced the plan to launch a new London Silver Daily Futures contract on September 5, 2017. The contract offers physical delivery of unallocated silver held in a London Precious Metals Clearing Limited vault. The launch of the Silver Daily futures contract coincides with the recent news that ICE Benchmark Administration (IBA) has been chosen as the new administrator for the LBMA Silver Price Auction, which is expected to commence in autumn 2017. The Daily Futures contract will enable participants in the LBMA Silver Price Auction to exchange their auction positions for cleared futures contracts held with ICE Clear US, consistent with the LBMA Gold Auction positions. This will help open the Silver Auction to a broader cross section of market participants and facilitate greater volume in the auction.

Intercontinental Exchange Announces Executive Changes at ICE Futures U.S. and ICE Clear U.S

Intercontinental Exchange announced chief operating officer (COO) appointments at ICE Futures U.S. and ICE Clear U.S. David Farrell, Senior Director, Global Soft Commodity Operations, has been promoted to COO of ICE Futures U.S. Farrell joined ICE in 2012 and has held leadership roles in market supervision, product management, commodity operations and, most recently, head of global soft commodity operations across ICE Futures U.S. and ICE Futures Europe. Before joining ICE, Farrell oversaw the development of commodities trading and risk management products at Kiodex, a division of SunGard (FIS). Farrell reports to Trabue Bland, President of ICE Futures U.S. Hester Serafini joins ICE as COO of ICE Clear U.S., effective March 1, 2016. In this role, she reports to Tom Hammond, President of ICE Clear U.S., and is responsible for managing the clearing house operations and interpreting and implementing regulatory changes. Serafini joins the company from J.P. Morgan, where she led the OTC clearing and intermediation business for credit, FX and rates derivatives in Europe, the Middle East and Africa. Before that, she was global head of credit prime brokerage and clearing for Deutsche Bank.

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