55 East 52nd Street

New York, NY 10055

BY ELECTRONIC TRANSMISSION

Submission No. 20-80

September 10, 2020

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 the NYSE FANG+TM Index Futures Market Maker Program

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

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 is amending the NYSE FANG+ Index Futures Market Maker Program (“Program”) as 

set forth in Exhibit A. The Exchange is amending the Program in connection with the pending: 

(1) name change of the NYSE FANG+ Index Futures Contract to the MICRO NYSE FANG + 

Index Futures Contract; and (2) reduction ofthe contract size to $5 times the index from the current 

$50 (see ICE Futures U.S. Submission 20-62). The amendments do not substantively change the 

Program. Rather, the amendments simply rename and adjust the Program to reflect the new size 

and pricing of the MICRO NYSE FANG + Index Futures Contract. 

The Exchange certifies that the Program complies 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 amended 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, which 

will become effective on September 28, 2020, and further certifies that, concurrent with this filing, 

a redacted copy of this submission was posted on the Exchange’s website at

https://www.theice.com/futures-us/regulation. 

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

Assistant General Counsel

Market Regulation

Enc.
EXHIBIT A

MICRO NYSE FANG+TM Index Futures Market Maker Program

Program Purpose

The purpose of the program is to support liquid electronic markets in the covered contract. 

Product Scope

MICRO NYSE FANG+ Index futures contract.

Eligible Participants

 

The program is open to a maximum of 10 proprietary trading participants who agree to make two-sided 

markets in the MICRO NYSE FANG+ futures contracts. 

Program Term

The term of the Program shall end on December 31, 2020, unless extended by the Exchange. The 

Exchange reserves the right to amend or end the program and/or to terminate any participant at any 

time prior to that date.

Obligations 

Participants must show a bid/offer on screen in central limit order book on a best efforts basis in the 

MICRO NYSE FANG+ Index futures contract.

Program Incentives

[PARAGRAPH REDACTED]

Monitoring and Termination of Status

The Exchange shall monitor trading activity and Participants' performance and shall retain the right to 

revoke Participants' status if it concludes from review that a Program Participant has failed to meet its 

obligations or no longer meets the eligibility requirements of this Program.