ICE to start Singapore operations with five contracts

Singapore

US ENERGY markets operator IntercontinentalExchange (ICE) is launching five futures contracts, including one for Brent and one for gold, when it starts its new exchange and clearing house in Singapore in March.

Four of these - for mini ICE Brent crude, Chinese cotton, Chinese sugar and renminbi - will be cash settled. The one-kilogramme gold futures will be physically settled, with delivery in Singapore.

These complement ICE's current portfolio of benchmark contracts, including the Brent crude benchmark - the reference for about two-thirds of oil traded around the world - and those for sugar, US cotton …