A stranded pool of open interest and the potential for competing exchanges to list lookalike contracts could be the result of ICE Futures’ attempt to bring its clearing in-house, Futures Options Association (FOA) has warned.
A lack of clear and detailed information about the structure of the proposed ICE Clear Europe, which led to member discontent when the scheme was first announced in July 2007, is yet to be resolved.
“I’m not going to speculate what the outcome is likely to be, but I can say that there is currently a significant number of major...