ICE_L overview

In May 2000, Intercontinental Exchange (ICE) was established, with its founding shareholders representing some of the world’s largest energy traders. Additionally, ICE has regional network connection hubs that are located in key areas worldwide. At present, ICE has hubs located in Atlanta, Chicago, and New York in the United States, London in the United Kingdom, and in Singapore. ICE purchased NYSE Euronext, which was the parent company of NYSE Liffe, in November 2013.

Matching Engine

The ICE_L exchange in TT is the market data feed and matching engine in Basildon UK for the IFEU Financials product group that was migrated to ICE from the Liffe platform.

Eris Futures on ICE

For Eris futures on ICE, the settlement column in your Trade application widgets shows the NPV as calculated on TT using the ICE settlement, event payment amount, and alignment interest rate. For more details about settlement prices for Eris products on ICE, refer to exchange documentation for the Eris EURIBOR® Interest Rate Future and Eris GBP LIBOR Interest Rate Future.

Self Match Prevention support

TT supports the ICE Self Match Prevention (SMP) functionality.

SMP is optional per user and allows an executing firm to prevent the matching of orders with common ownership if both the buy and sell orders contain a registered code (STPF ID). The STPF IDs are user-defined and need to be registered at the exchange and configured for each selected user on a per firm basis using Setup.

Connectivity Options

The TT® platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to TT Access for more details about your connectivity options for connecting to TT.