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55 East 52nd Street

New York, NY 10055

BY ELECTRONIC TRANSMISSION

Submission No. 23-126

September 8, 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. 23-120 and 23-125). 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 and option on 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 September 25, 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 
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following submission to the Commission, comply with the requirements of the Act and the rules 

and 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/futuresus/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: 

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Contract Name Commodity 

Code

Contract 

Size Unit of Trading

Block 

Minimum 

(in Lots)

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Option on California Low Carbon Fuel Standard Credit (OPIS) Future LFT 100 LCFS Credits 

(MT) 10

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

Crude Diff - ICE HITAN EDM 1a Index Future HTN 1,000 Barrels 5

Crude Diff - ICE CLK 1a Index Future CLK 1,000 Barrels 5

Crude Diff - Argus Canadian High TAN (Houston) Crude Oil Trade Month Future ARX 1,000 Barrels 5

Biodiesel Outright - Soybean Oil (RBD) (Fastmarkets) 1st Line Future SRB 60,000 lbs 5

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