CFTC Designates Mid-C Financial Peak and Off-Peak Contracts Significant Price Discovery Contracts; Mid-C Daily Contracts and Fuel Oil-180 Singapore Swap Are Not

Eversheds Sutherland (US) LLP
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In three orders published today in the Federal Register, the Commodity Futures Trading Commission (CFTC) designated the Mid-C Financial Peak (MDC) and Mid-C Financial Off-Peak (OMC) contracts traded on the IntercontinentalExchange, Inc. (ICE) as “significant price discovery contracts” (SPDCs). As SPDCs, these contracts will be subject to regulation similar to futures contracts.

In separate orders also published today, the CFTC determined that the Mid-C Financial Peak Daily (MPD) contract, the Mid-C Financial Off-Peak Daily (MXO) contract, and the Fuel Oil-180 Singapore Swap (SZS) contract do not perform a significant price discovery function.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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