On Apr. 17, ICE ENDEX amended market rules for energy derivatives.
ICE Endex issued Circular E25/004 to advise members that, with other ICE derivatives exchanges, it will enhance its general powers to manage positions on the regulated market, by amending article III-3.3 of the Market Rules with effect from May 6, 2025.
Circular Summary
The change affects article I!I-3.3. and refers to article III-3.1 and where ICE Endex identifies or suspects the development or possible development of excessive position.
Refers to unwarranted speculation or to any other undesirable situation or practice affecting or capable of affecting the market or one or more regulated market products.
Confirms ICE Endex may take any steps it deems necessary to provide for, correct or check further increase of such position and may give direction to members accordingly.
It may include a direction for the relevant Member to reduce positions, or to provide liquidity back into the market at an agreed price and volume, either on a temporary or permanent, basis and with the express aim of mitigating such effects were caused.
A member contravening a direction of ICE Endex under this Article shall be liable to the same penalties pursuant to Article I-12, as if a breach of the Rules were committed.
Effectiveness
The changes to the wording of Market Rules now apply with effect from May 6, 2025.
