ICE NGX Canada Inc.

Suite 2610, 225 – 6

th Avenue SW

Calgary, AB

Canada T2P 1N2

ngx.com

ice.com

June 21, 2022

VIA CFTC PORTAL

Mr. Christopher Kirkpatrick

Secretary of the Commission

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: ICE NGX Self-Certification of Rule Amendments: Contracting Party Agreement -

Submission Pursuant to Section 5c(c)(1) of the Commodity Exchange Act and 

Commission Regulation 40.6(a) - Addition of New Futures Contracts at REX 

Delivery Points

Dear Mr. Kirkpatrick:

In accordance with Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and 

Commodity Futures Trading Commission (“Commission”) Regulation 40.6(a), ICE NGX Canada 

Inc. (“ICE NGX”) is submitting this self-certification to amend the ICE NGX Contracting Party 

Agreement (“CPA”). The CPA functions as the rulebook for ICE NGX’s exchange and 

clearinghouse operations and is a “rule” as that term is defined under Commission Regulation 

40.1(i). 

1. Overview

Addition of Delivery Points

ICE NGX is making this submission to add sixteen physically-settled natural gas futures contracts 

in the U.S. natural gas market (the “New Futures Contracts”) with delivery points at REX E-ANR, 

REX-E-NGPL, REX E-MidW, REX E-PEPL and REX E-Trunk, and to make certain amendments 

to the ICE NGX Contracting Party Agreement (“CPA”) to reflect the New Futures Contracts. 

ICE NGX intends to implement the New Futures Contracts and the amendments on July 18, 2022 

(or on such later date as ICE NGX may designate).

Terms and Conditions of the New Futures Contracts

The New Futures Contracts are listed below as they will appear in Schedule “D” - ICE NGX 

Product List to the CPA. The amendments to Schedule “D” to reflect the New Futures Contracts 

are included in the Appendix to this submission. ICE NGX will provide the New Futures 

Contracts to its customers to be settled in accordance with the same terms as ICE NGX’s other 

U.S. natural gas product offerings.
 

ICE NGX Canada Inc.

Suite 2610, 225 – 6

th Avenue SW

Calgary, AB

Canada T2P 1N2

ngx.com

ice.com

Product Name Hub Name Hub Operator

NG Phys FUT, BS, LD1 REX E-NGPL Rockies Express Pipeline

NG Phys FUT, FP REX E-NGPL Rockies Express Pipeline

NG Phys FUT, ID, GDD REX E-NGPL Rockies Express Pipeline

NG Phys FUT, ID, IF REX E-NGPL Rockies Express Pipeline

NG Phys FUT, BS, LD1 REX E-MidW Rockies Express Pipeline

NG Phys FUT, FP REX E-MidW Rockies Express Pipeline

NG Phys FUT, ID, GDD REX E-MidW Rockies Express Pipeline

NG Phys FUT, ID, IF REX E-MidW Rockies Express Pipeline

NG Phys FUT, BS, LD1 REX E-PEPL Rockies Express Pipeline

NG Phys FUT, FP REX E-PEPL Rockies Express Pipeline

NG Phys FUT, ID, GDD REX E-PEPL

Rockies Express Pipeline

NG Phys FUT, ID, IF REX E-PEPL Rockies Express Pipeline

NG Phys FUT, BS, LD1 REX E-Trunk Rockies Express Pipeline

NG Phys FUT, FP REX E-Trunk Rockies Express Pipeline

NG Phys FUT, ID, GDD REX E-Trunk Rockies Express Pipeline

NG Phys FUT, ID, IF REX E-Trunk Rockies Express Pipeline

2. Compliance with the Act and Regulations

ICE NGX reviewed the amendments and determined that they comply with the requirements of 

the Act and the rules and regulations promulgated by the Commission in implementing the Act. 

In this regard, ICE NGX reviewed the derivatives clearing organizations core principles (“Core 

Principles”) and determined that the amendments are potentially relevant to the following Core 

Principles and the applicable regulations of the Commission thereunder.

Compliance (Core Principle C): The amendments are consistent with Core Principle C -

Compliance and Commission Regulation 39.10, as the New Futures Contracts meet ICE NGX’s 
 

ICE NGX Canada Inc.

Suite 2610, 225 – 6

th Avenue SW

Calgary, AB

Canada T2P 1N2

ngx.com

ice.com

product eligibility standards, developed in accordance with Core Principle C, including, in 

particular, ICE NGX’s ability to manage the risk associated with the New Futures Contracts. 

3. Certifications

ICE NGX hereby certifies that the amendments to the CPA discussed in this submission comply 

with the Act and the rules and regulations promulgated by the Commission thereunder. ICE NGX 

is not aware of any substantive opposing views expressed regarding the amendments. ICE NGX 

further certifies that, concurrent with this filing, a copy of the submission was posted on ICE NGX’s 

website and may be accessed at https://www.ice.com/ngx.

* * * * *

Please do not hesitate to contact me (403-974-1701) or our President & COO, Greg Abbott 

(403-974-1701) for any further information the Commission or its staff may require in connection 

with this notice.

Yours truly,

Martin McGregor

General Counsel & CCO

Encls.

cc: Shane Wanotch, ASC

Shelby Rieger, ASC

Greg Abbott, ICE NGX
 

ICE NGX Canada Inc.

Suite 2610, 225 – 6

th Avenue SW

Calgary, AB

Canada T2P 1N2

ngx.com

ice.com

APPENDIX

AMENDMENTS TO THE ICE NGX CONTRACTING PARTY AGREEMENT 

SCHEDULE “D” – ICE NGX PRODUCT LIST

[Note: Only the rows that are being changed in Schedule “D” are shown below.]

[Note: Insertions are underlined, deletions are struck through.]

ICE NGX NATURAL GAS PRODUCTS - U.S.

Product 

Name on ICE

Hub 

Name

NGX 

Produ

ct 

= NGX; 

NGX 

Cleare

d 

Produ

ct = 

ICE

Phys 

or Fin

Product 

Type

Unit/Curre

ncy

Floatin

g Price 

- Index 

1

Floati

ng 

Price 

-

Index 

2

Index 1 

Publication

Index 

2 

Publi

catio

n

Hub Operator or 

U.S. Hub 

Operator

Assigned 

Delivery

Tariff Accessed via 

WebICE and 

trades/Clears 

as 

NGX:

OTC Clears 

thru DCO As 

(EFRP)

Mini

mum 

Futur

es 

Bloc

k 

Size 

(MM

Btu)

NG Phys 

FUT, BS, 

LD1

REX ENGPL ICE Phys BS USD/M

MBtu LD1 NYMEX last day

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, FP

REX ENGPL ICE Phys FP USD/M

MBtu

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, ID, 

GDD

REX ENGPL ICE Phys ID USD/M

MBtu GDD Platts Gas Daily

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, ID, 

IF

REX ENGPL ICE Phys ID USD/M

MBtu IF

Platts 

Inside 

Ferc

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100
 

ICE NGX Canada Inc.

Suite 2610, 225 –6

th Avenue SW

Calgary, AB

Canada T2P 1N2

ngx.com

ice.com

NG Phys 

FUT, BS, 

LD1

REX E-

MidW ICE Phys BS USD/MMBtu LD1 NYMEX last day

Rockies 

Express 

Pipeline

N/A

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, BS, 

LD1

REX E-

MidW ICE Phys BS USD/MMBtu LD1 NYMEX last day

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, FP

REX E-

MidW ICE Phys FP USD/MMBtu

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, ID, 

GDD

REX E-

MidW ICE Phys ID USD/MMBtu GDD Platts Gas Daily

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, ID, 

IF

REX E-

MidW ICE Phys ID USD/MMBtu IF

Platts 

Inside 

Ferc

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, BS, 

LD1

REX E-

PEPL ICE Phys BS USD/MMBtu LD1 NYMEX last day

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, FP

REX E-

PEPL ICE Phys FP USD/MMBtu

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, ID, 

GDD

REX E-

PEPL ICE Phys ID USD/MMBtu GDD Platts Gas Daily

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, ID, 

IF

REX E-

PEPL ICE Phys ID USD/MMBtu IF

Platts 

Inside 

Ferc

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100
 

ICE NGX Canada Inc.

Suite 2610, 225 – 6

th Avenue SW

Calgary, AB

Canada T2P 1N2

ngx.com

ice.com

NG Phys 

FUT, BS, 

LD1

REX ETrunk ICE Phys BS USD/M

MBtu LD1 NYMEX last day

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, FP

REX ETrunk ICE Phys FP USD/M

MBtu

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, ID, 

GDD

REX ETrunk ICE Phys ID USD/M

MBtu GDD Platts Gas Daily

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100

NG Phys 

FUT, ID, 

IF

REX ETrunk ICE Phys ID USD/M

MBtu IF

Platts 

Inside 

Ferc

Rockies 

Express 

Pipeline

Yes

Rockies 

Express 

Pipeline 

FERC Gas 

Tariff

Physically 

Settled 

Future

Physically 

Settled 

Future

100