55 East 52nd Street

New York, NY 10055

BY ELECTRONIC TRANSMISSION

Submission No. 24-5

January 4, 2024

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: Amendment to ICE Biotechnology GTR Index and ICE Semiconductor GTR Index 

Futures Contracts Member Firm 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, an amendment 

extending the term of the ICE Biotechnology GTR Index and ICE Semiconductor GTR Index

Futures Contracts Member Firm Program (“Program”), which is set forth in Exhibit A. The 

Exchange believes the Program, which was launched in February 2022 with the listing of the new 

products, will incentivize liquidity and volume in the ICE Biotechnology GTR Index and ICE 

Semiconductor GTR Index futures contracts. 

The Exchange certifies that the amended Program, which will become effective on January

19, 2024, 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 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 further certifies that, concurrent with this filing, a notice of pending 

certification was posted on the Exchange’s website. A copy of this submission may be accessed at 

(https://www.theice.com/futures-us/regulation#rule-filings). The Exchange is not aware of any 

opposing views with respect to the Program. 
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 Biotechnology GTR and ICE Semiconductor GTR Index Futures Member Firm 

Program

The program offers entities that are corporate members of a number of qualifying derivatives 

exchanges that execute proprietary trades in ICE Biotechnology GTR and ICE Semiconductor GTR

Index futures and options contracts (“the program contracts”) during a calendar month a fee 

reduction which is rebated to the participant’s clearing member and passed on to the participant. 

The fee reduction is more fully described below.

Participant Name __________________________________________________________

Type of Membership (check one)

CME CBOT CBOE

__ Corporate Member __ Corporate Member __ Corporate Member

NYMEX ISE IFUS

__ Corporate Member __ Corporate Member __ Corporate Member

 NYSE Euronext ICE Futures Europe CFE

__ Corporate Member __ Corporate Member __ Corporate Member

NFA Registration ID (if applicable):_________________________________

Please identify the proprietary account/s you will be using for trading ICE Biotechnology GTR and 

ICE Semiconductor GTR Index contracts; only trades in identified accounts are eligible for 

program rates.

ICE Futures U.S. Clearing Member Proprietary Trading Account Number

Clearing Member Contact: _________________________

Phone:_________________________ Email: 

_________________________________________

For each calendar month that a participating firm meets the volume thresholds shown below in 

proprietary trades in the program contracts, the participant shall qualify for the reduced Exchange 

and Clearing Fee shown below:

Monthly Volume Level: Discounted Exchange and Clearing Fee:

Up to 500 sides no discount

500 to 999 sides $0.75 per side
1,000 to 1,500 sides $0.50 per side

1,500 or more sides $0.25 per side

Monthly volume requirements include total sides traded for both contracts. Customer volume does 

not qualify for meeting minimum requirements.

Only transactions in the program contracts executed by the participating firm in its proprietary 

account(s) are eligible for reduced fees in this program; for the avoidance of doubt EFRP and block 

trade transactions in the program contracts are eligible for reduced fees. If necessary the participant 

will achieve the stated fee discount via a rebate that will be paid to the participant’s Clearing 

Member on a monthly basis. Such rebate will be paid after the Clearing Member has provided to 

the Exchange an accounting of the participant’s proprietary trading account volume in the program 

contracts and demonstrated that a higher fee has been charged. All rebate requests must be 

provided to Exchange audit personnel by the 7th business day of the subsequent month.

The Member Firm Fee Program shall commence on the first trading day of the program contracts 

and shall continue through trade date December 31, 202[3]4, or until further notice but in no case 

for a period to exceed three years. ICE Futures U.S. reserves the right to remove any participant 

from the Program at its discretion, and to terminate or amend the program terms at any time.

As a qualified representative of the member firm applying to participate in the Program, I hereby 

certify that the information provided above is true and correct. I hereby acknowledge and 

understand that ICE Futures U.S., including but not limited to the Market Regulation Department, 

will be reviewing trading in the proprietary account(s) listed above to determine whether the firm 

continues to meet the requirements of the Member Firm Fee Program and whether the firm should 

continue or be renewed as a participant in the Member Firm Fee Program. I authorize ICE Futures 

U.S. to contact the clearing member of the participating firm from time to time to confirm its 

continued eligibility for the program and authorize its clearing member to release all trading 

information related to the proprietary account(s) listed above to ICE Futures U.S.

Signature: _____________________________________ Date: __________

Printed Name: __________________________________

Title: __________________________________________

Telephone Number: ______________________________

E-Mail: ____________________________________

Please call Ted Doukas (312.836.6712) or Laura Brandeis (212 323-8874) with questions about the 

program. The application should be returned to ted.doukas@theice.com.