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55 East 52nd Street

New York, NY 10055

BY ELECTRONIC TRANSMISSION

Submission No. 23-79

June 7, 2023

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 Block Trade Procedures - Establishment of Block Trade Minimums 

for New Physical Environmental and Oil Americas Futures and Option on Futures 

Contracts - Submission Pursuant to Section 5c(c)(1) of the Act and Regulation 40.6 

Dear Mr. Kirkpatrick:

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended, and Commodity 

Futures Trading Commission (“Commission”) Regulation 40.6(a), ICE Futures U.S., Inc. (“IFUS” 

or “Exchange”) self certifies amendments to the Exchange’s Block Trading Procedures (the 

“Procedures”), which are reflected in the Exchange’s Block Trade FAQ (“FAQ”), as set forth in 

Exhibit A. 

The Exchange is amending the FAQ to establish minimum block trade quantities for new Physical 

Environmental and Oil Americas futures and option on futures contracts being listed by the 

Exchange and pending self-certification (See Submission Nos. 23-80 - 23-97). The Exchange is 

setting the minimum block trade quantity for these new contracts at the levels specified in Exhibit 

A. The Exchange is setting the minimum block trade quantities at levels consistent with levels 

established for similar futures contracts currently listed by the Exchange.

The Exchange is not aware of any opposing views and certifies that the amendments to the FAQ, 

which will become effective on June 26, 2023, or such other date as the Exchange shall determine 

which shall be no sooner than the first business day following the tenth business day following 

submission to the Commission, comply with the requirements of the Act and the rules and 
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regulations promulgated thereunder. Specifically, the amendments comply with Core Principle 9, 

which allows designated contract markets (“DCM’) to authorize transactions, such as block trades, 

that are executed away from the DCM’s centralized marketplace. The Exchange further certifies 

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

which may be accessed at (https://www.theice.com/futures-us/regulation#Rule-Filings).

If you have any questions or need further information, please contact me at 312-836-6745 or at 

patrick.swartzer@ice.com.

Sincerely,

Patrick Swartzer

Director

Market Regulation

Enc.

cc: Division of Market Oversight
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EXHIBIT A

ICE FUTURES U.S.

BLOCK TRADE - FAQs

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2. What are the eligible contracts and the minimum threshold quantities for a 

block trade?

The minimum quantity requirements for block trades of eligible Oil and Energy 

futures and options contracts can be found under the “Energy Forms” tab at 

the link below: 

Contract Name Commodity 

Code

Contract 

Size Unit of Trading

Block 

Minimum 

(in Lots)

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Regional Greenhouse Gas Initiative Vintage 2024 Future RJ4 1,000 RGGI 

Allowances 10

Option on Regional Greenhouse Gas Initiative Future Vintage 2024 RJ4 1,000 RGGI 

Allowances 10

Crude Diff - Argus Bakken (Patoka) Crude Oil Trade Month Future PAB 1,000 Barrels 5

Crude Diff - ICE Midland WTI American Gulf Coast Trade Month vs WTI Trade Month Future HOI 1,000 Barrels 5

Biofuel Outright - D6 RINs (OPIS) Average Price Option RIN 50,000 RINs 5

Biofuel Outright - D5 RINs (OPIS) Average Price Option BFI 50,000 RINs 5

Biofuel Outright - D4 RINs (OPIS) Average Price Option RIK 50,000 RINs 5

Biofuel Outright - D3 RINs (OPIS) Average Price Option BFH 50,000 RINs 5

Biofuel Outright - D6 RINs (OPIS) Balmo Future ROS 50,000 RINs 5

Biofuel Outright - D4 RINs (OPIS) Balmo Future ROD 50,000 RINs 5

Biofuel Outright - D3 RINs (OPIS) Balmo Future ROT 50,000 RINs 5

Biofuel Outright - D5 RINs (OPIS) Balmo Future ROF 50,000 RINs 5

Fuel Oil Crack - Marine Fuel 0.5% USGC Barges (Platts) vs Brent Crude 1st Line Balmo 

Future MGG 1,000 Barrels 5

Fuel Oil Diff - Marine Fuel 0.5% USGC Barges (Platts) vs Marine Fuel 0.5% FOB Rotterdam 

Barges (Platts) Balmo Future (in Bbls) MGH 1,000 Barrels 5

Gasoline Outright - USGC RBOB (Platts) Future GRF 1,000 Barrels 5

Gasoline Outright - USGC RBOB (Platts) Balmo Future GRD 1,000 Barrels 5

Gasoline Diff - USGC RBOB (Platts) vs RBOB Gasoline 1st Line Future RAB 1,000 Barrels 5

Gasoline Diff - USGC RBOB (Platts) vs RBOB Gasoline 1st Line Balmo Future RAC 1,000 Barrels 5

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