UNITED STATES: ICE Extends Licensing Agreement with Eris Innovations

Wednesday March 13 2019

Intercontinental Exchange, Inc. (NYSE:ICE) announced that it has extended its global product licensing agreement with Eris Innovations.

In conjunction with this extension, ICE Futures Europe plans to change its existing Eris GBP LIBOR Interest Rate Future and Eris EURIBOR Interest Rate Future contracts to reflect changes to the pricing methodology at Eris. The contracts will be quoted and traded in futures price terms, instead of net present value, making it easier for the contracts to be integrated into order management, trade execution and risk management systems.  This amendment will take effect in the third quarter of 2019, subject to completion of relevant regulatory procedures. For more information in relation to this article please click on the link above.