ICE on track for March 29 launch of Murban futures contract: executive

S&P Global Platts | Jan 13, 2021 at 10:53 AM
  • The Intercontinental Exchange has received regulatory approvals from several jurisdictions, including the Bank of England and the Monetary Authority of Singapore, to support its launch of a Murban futures contract on an Abu Dhabi-based exchange, an official said Jan. 13.
  • ICE and ADNOC, the UAE’s biggest energy producer, announced plans to start a derivatives trading platform in November 2019, to be hosted on the new ICE Futures Abu Dhabi exchange.
  • BP (10%), Total (10%), INPEX (5%) and GS Caltex (3%) are equity shareholders in ADNOC Onshore.