55 East 52nd Street

New York, NY 10055

BY ELECTRONIC TRANSMISSION

Submission No. 24-4

January 4, 2024

Mr. Christopher J. Kirkpatrick

Secretary of the Commission

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: Amendments to Micro NYSE FANG+TM Index Clearing Member Rebate

Program - Submission Pursuant to Section 5c(c)(1) of the Act and Regulation 

40.6

Dear Mr. Kirkpatrick:

Pursuant to Commodity Futures Trading Commission (“CFTC”) Regulation 40.6(a), ICE 

Futures U.S., Inc. (“IFUS” or “Exchange”) hereby submits by written certification, notice that the 

Exchange extending the term of the Micro NYSE FANG+ Index Clearing Member Rebate 

Program (“Program”) through December 31, 2024. The MICRO NYSE FANG+ contract was first 

listed by the Exchange in November 2017 and the market is still growing. The Exchange believes 

that the Program has helped attract volume and promote liquidity in the product. As such, the 

Exchange and has decided to extend the Program for an additional year. No other changes are 

being made to the Program. 

The Exchange certifies that the Program continues to comply with the requirements of the 

Commodity Exchange Act and the rules and regulations promulgated thereunder. In particular, 

the Program complies with Core Principle 4 (Monitoring of Trading), Core Principle 9 (Execution 

of Transactions) and Core Principle 12 (Protection of Market Participants). The Program does not 

impact order execution priority or otherwise give participants any execution preference or 

advantage. In addition, the Exchange’s Market Regulation Department actively monitors for 

trading abuses using electronic exception reports and will take appropriate action against any 

participants engaging in market abuses. 
The Exchange is not aware of any opposing views with regard to the amendments to the 

Program, which will become effective on January 19, 2024, and further certifies that, concurrent 

with this filing, a copy of this submission was posted on the Exchange’s website at 

(https://www.theice.com/futures-us/regulation#rule-filings). 

If you have any questions or need further information, please contact me at 212-748-4021 

or at jason.fusco@theice.com.

Sincerely,

Jason V. Fusco

General Counsel

Enc.
EXHIBIT A

ICE Futures U.S.®, Inc. MICRO FANG+TM Index Clearing Member Rebate Program

The Program entitles ICE Clear U.S. Inc. clearing members that clear customer and/or proprietary 

transactions in MICRO ICE FANG+ Index contracts at ICE Clear U.S. Inc. to receive a rebate on each side 

cleared in a calendar month. The amount of the rebate will be $0.025 per side, and the rebate will be 

paid after the end of each calendar month based on the participating clearing member’s volume of 

cleared transactions in the ICE MICRO FANG+ Index contracts. Volume cleared by a participant that is 

eligible for another ICE MICRO FANG+ Index reduced fee program shall not be eligible for a rebate under 

the program. 

Clearing Member Name: _________________________________________________

Contact Person: _________________________________________________

Title: _________________________________________________

Telephone: ______________________ Email: _____________________________

Account Number to be used to pay rebates under the program:

______________________________________________

The initial term of the program will end on December 31, 202[3]4. ICE Futures U.S. reserves the right to 

remove any participant from the Program and to terminate the program prior to the end of the initial 

term at its discretion.

Prior to clearing an ICE MICRO FANG+ Index Contract for any customer account, Clearing Member 

agrees that it shall fully disclose in writing to the customer account owner, that the Clearing Member 

will receive a credit of $0.025 cents per side for each ICE MICRO FANG+ Index contract that the 

Clearing Member clears, and it shall maintain a written record of such disclosure. 

The undersigned, a qualified representative of the Clearing Member, hereby certifies that the 

information provided above is true and correct. This Agreement shall not become binding and 

enforceable by either party until executed by ICE Futures U.S.

Effective Date: _________________________________

ICE Futures U.S. (Clearing Member)

By: ____________________________ By:_______________________________

Jennifer Ilkiw Name:_____________________________

President