RUSSELL ON ICE 2016 LIQUIDITY ENHANCEMENT PROGRAMS

Transcription

1 RUSSELL ON ICE 2016 LIQUIDITY ENHANCEMENT PROGRAMS JANUARY 2016

2 SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 DISCLAIMERS AND CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of Statements regarding Intercontinental Exchange s business that are not historical facts are forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. These statements are not guarantees of future performance and actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statement. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see our Securities and Exchange Commission (SEC) filings, including, but not limited to our Annual Report on Form 10-K for the year ended December 31, 2015, filed with the SEC on February 5, These filings are also available in the Investors & Media section of our website. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. We caution you not to place undue reliance on the statements in this presentation. Any statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of an unanticipated event. No part of this presentation may be redistributed or reproduced in any form or by any means or used to make any derivative work without written permission from us. We shall not be liable (except to the extent required by law) for the use of the information contained herein however arising in any circumstances connected with actual trading or otherwise. We are not responsible for any errors or omissions contained in this presentation, which is for information only and does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. All information, descriptions, examples and calculations contained in this presentation are for guidance purposes only, and should not be treated as definitive. Those wishing either to trade in any products offered by us or to offer and sell them to others should consider both their legal and regulatory position in the relevant jurisdiction and the risks associated with such products before doing so. This presentation does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. Russell and the Russell indexes are trademarks and service marks of the Russell Investment Group and are used under license. MSCI and the MSCI indexes are trademarks and service marks of MSCI Inc. or its affiliates and are used under license. 2

3 2016 MEMBER FIRM RUSSELL FEE REDUCTION PROGRAM Conditions for Member Firm Program Participation Corporate membership in a qualifying derivatives exchange (qualifying exchanges are listed on the program application; application is available from Ted Doukas, ICE Futures U.S. (IFUS) Director, Equity Index Derivatives, ted.doukas@theice.com) Application approval by IFUS Registration of corporate proprietary accounts with IFUS Incentive Rate $.35/side for all Russell and MSCI** contracts $.45/side for all Russell and MSCI** contracts $.75/side for all Russell and MSCI** contracts $.85/side for all Russell and MSCI** contracts Minimum Monthly Proprietary Account Volume* 1,000 sides in any MSCI futures and 1,000 sides in any Russell futures except Russell 2000 futures 1,000 sides in any MSCI futures and 1,000 sides in any Russell futures 1,000 sides in any Russell futures except Russell 2000 futures 1,000 sides in any Russell futures and/or options *Customer volume does not count in meeting monthly minimums qualify **If a participant is also enrolled in an MSCI incentive program, the participant may use MSCI volume to for lower Russell fees, but MSCI fees are governed by the MSCI incentive program. 3

4 2016 INDIVIDUAL MEMBER RUSSELL FEE REDUCTION PROGRAM Conditions for Individual Program Participation A program participant must be an individual member of one of the exchanges listed on the program application Application approval by ICE Futures U.S. (IFUS) Registration of personal trading account(s) with IFUS Application is available from Ted Doukas, IFUS Director, Equity Index Derivatives (ted.doukas@theice.com) Minimum Monthly Minimum Volume Requirement 400 Russell contracts in a given month to be eligible for any fee reductions Reduced Fee* Once the Minimum 400 Russell Contracts Are Traded in a Given Month $.35/side for all Russell contracts *The reduced fee represents a discount from the full Russell Exchange and Clearing Fee of $1.30/side. Only personal trading volume in registered account(s) qualifies for discounted fees. 4

5 2016 RUSSELL FUTURES/ETF VOLUME INCENTIVE PROGRAM Eligibility The program is open to any entity that trades Russell-related ETFs on ARCA and Russell futures and options on ICE Futures U.S. (IFUS) Minimum Volume Requirement Program participants are required to trade a minimum of 2,000,000 shares of the IWM (Russell 2000 ETF) in a given month to be eligible for any fee reductions Futures Contract Rebate Participants will receive a $.20/side rebate* for each futures contract traded versus every 1,000 shares of the corresponding ETF traded during the same month. Russell futures and ETF pairs are as follows: IFUS Russell Contract Russell 2000 futures and options (TF) Russell 2000 Growth futures and options (G2) Russell 2000 Value futures and options (V2) Russell 1000 futures and options (RF) Russell 1000 Growth futures and options (RG) Russell 1000 Value futures and options (RV) Corresponding ARCA ETF IWM IWO IWN IWB IWF IWD * The rebate reduces the full Russell Exchange and Clearing Fee of $1.30/side to an effective fee of $ 1.10/side for qualifying futures contracts. 5

6 FOR MORE INFORMATION Ted Doukas ICE Futures US Useful Links Russell Product Guide Trade at Index Close (TIC) FAQ Block Trade FAQ h ttps:// Block_Trade_FAQ.pdf Interval Price Limit Functionality Futures_US_IPL_Levels.pdf Trading Halts (ICE Futures U.S. Rule ) 19_Russell.pdf 6 6