Intercontinental Exchange to Launch a Deliverable New York Harbor Ultra-Low Sulphur Heating Oil Futures Contract
Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced the launch of a physically delivered Ultra-Low Sulphur Heating Oil futures contract, deliverable in the New York Harbor region (NYH ULSHO).
- Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced the launch of a physically delivered Ultra-Low Sulphur Heating Oil futures contract, deliverable in the New York Harbor region (NYH ULSHO).
- ICEs newly-offered New York Harbor region ULSHO futures contract is a 67-grade contract that has the same molecular characteristics as ICEs Ultra-Low Sulphur Diesel (ULSD) 62-grade futures contract.
- This contract should meet customers needs for a more effective American heating oil benchmark and will complement ICEs Low Sulphur Gasoil contract in the actively traded New York heating oil/low sulphur gasoil arbitrage market.
- The NYH ULSHO futures contract will trade on ICE Futures Europe and represent 1,000 barrels of 67-grade ultra-low sulphur diesel, deliverable in the New York Harbor region.