ICE Endex To Launch German Power Contracts On June 10

(RTTNews) - IntercontinentalExchange Group (ICE) announced Tuesday that ICE Endex, the leading energy exchange in continental Europe, will launch German Power futures and options contracts on June 10, 2014.

The company noted that the introduction of German Power futures and options is the first new product launch on ICE Endex since the exchange was acquired by ICE and N.V. Nederlandse Gasunie in March 2013.

The new contracts offer market users the opportunity to trade and clear UK, German, Dutch and Belgian power contracts on the same platform; and form part of ICE's extensive global energy offering across oil, natural gas, power, coal and emissions.

The ICE Endex German Power contracts will be physically delivered and available to trade on the ICE trading platform and cleared by ICE Clear Europe. ICE Endex German Power Base Load Future, ICE Endex German Power Base Load Option, ICE Endex German Power Peak Load Future will be available for trading.