December 3, 2022

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ICE Pronounces That Morgan Stanley Turns into New Clearing Member of ICE Futures Abu Dhabi

ABU DHABI, United Arab Emirates– On March 29, IFAD launched buying and selling in ICE Murban Crude Oil Futures and 18 Murban-related money settled derivatives and inter-commodity spreads, providing the market the broadest vary of the way to commerce and hedge Murban crude oil. Produced by ADNOC Onshore, Murban is the UAE’s largest crude by quantity, with day by day manufacturing capability of as much as 2 million barrels.

IFAD noticed report open curiosity of 53,515 contracts on Might 18, with 48,440 of that complete within the ICE Murban Crude Oil futures contract. A complete of 282,692 contracts have traded since launch, equal to 282 million barrels of Murban Crude oil. This consists of 275,507 ICE Murban Crude Oil futures contracts and seven,185 Murban-related money settled derivatives, with 55 corporations having traded on IFAD since launch. Common Every day Quantity in Murban Crude Oil Futures is 7,210 contracts.

“All the important thing metrics you search for to guage the traction of a brand new benchmark out there – volumes, open curiosity, quantity and vary of members, and the depth of the curve – are all rising,” stated Jamal Oulhadj, President of ICE Futures Abu Dhabi. “This actually displays how the power trade is using its new potential to hedge ahead worth threat for Murban crude and contribute to the worth formation strategy of Murban crude oil.”

IFAD has 29 Alternate Members and 22 Clearing Members, who’re listed in full on IFAD’s Membership web page. Clearing members stand behind all trades made by IFAD and cleared by ICE Clear Europe, whether or not it’s for the account of a buyer, member, or their very own account.

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Murban futures are open for buying and selling for twenty-four hours a day on Mondays and 22 hours a day Tuesdays to Fridays, with buyers from jurisdictions together with Abu Dhabi International Market, america, Singapore, UK, Switzerland, the Netherlands, France, Norway, Australia, Japan and South Korea, capable of commerce on IFAD.

Contracts traded on IFAD are cleared at ICE Clear Europe the place they’re cleared alongside ICE’s world power futures platform overlaying oil, pure gasoline and the environmental complicated, permitting prospects to profit from important margin offsets to boost capital effectivity.

About Morgan Stanley

Morgan Stanley is a market chief within the Commodities sector, offering threat administration, investor merchandise, financing options and liquidity throughout commodities markets together with oil, metals, energy and pure gasoline. With information of each the monetary and bodily facets of commodities, we’re execution specialists, salespeople, market analysts and originators. Working intently with our colleagues throughout Morgan Stanley, we provide environment friendly entry to capital to assist shoppers defend and develop their companies and to benefit from market alternatives.

About Intercontinental Alternate

Intercontinental Alternate, Inc. (NYSE: ICE) is a Fortune 500 firm that designs, builds and operates digital networks to attach folks to alternative. We offer monetary know-how and information companies throughout main asset lessons that supply our prospects entry to mission-critical workflow instruments that enhance transparency and operational efficiencies. We function exchanges, together with the New York Inventory Alternate, and clearing homes that assist folks make investments, elevate capital and handle threat throughout a number of asset lessons. Our complete mounted earnings information companies and execution capabilities present data, analytics and platforms that assist our prospects capitalize on alternatives and function extra effectively. At ICE Mortgage Expertise, we’re remodeling and digitizing the U.S. residential mortgage course of, from shopper engagement by mortgage registration. Collectively, we rework, streamline and automate industries to attach our prospects to alternative.

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Logos of ICE and/or its associates embody Intercontinental Alternate, ICE, ICE block design, NYSE and New York Inventory Alternate. Data relating to further logos and mental property rights of Intercontinental Alternate, Inc. and/or its associates is situated right here. Key Data Paperwork for sure merchandise coated by the EU Packaged Retail and Insurance coverage-based Funding Merchandise Regulation could be accessed on the related alternate web site underneath the heading “Key Data Paperwork (KIDS).”

Protected Harbor Assertion underneath the Non-public Securities Litigation Reform Act of 1995 — Statements on this press launch relating to ICE’s enterprise that aren’t historic details are “forward-looking statements” that contain dangers and uncertainties. For a dialogue of further dangers and uncertainties, which may trigger precise outcomes to vary from these contained within the forward-looking statements, see ICE’s Securities and Alternate Fee (SEC) filings, together with, however not restricted to, the chance elements in ICE’s Annual Report on Type 10-Ok for the 12 months ended December 31, 2020, as filed with the SEC on February 4, 2021.