55 East 52nd Street

New York, New York 10055

BY ELECTRONIC TRANSMISSION

Submission No. 23-157

November 9, 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: Weekly Notification of Rule Amendments

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

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(d), ICE Futures U.S., Inc. (“Exchange”) 

submits notification to the Commission that, during the prior week, the Exchange amended Chapter 25 and 

Resolution No. 1 to Chapter 6 of the Exchange’s Rules, Exchange Rule 4.25 and the Exchange Block Trade 

FAQ, as set forth in Exhibit A. The amendments were made to change the name of the “ICE Biotechnology

GTR Index” and the “ICE Semiconductor GTR Index” futures contracts to the “NYSE Biotechnology GTR 

Index” and the “NYSE Semiconductor GTR Index” futures contracts to coincide with the renaming of the 

underlying indexes by ICE Data Indices, LLC. No substantive changes were to made to terms and 

conditions of the futures contracts or the underlying indexes. 

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
Exhibit A

(In the text of the amendments below, additions are shown underscored 

and deletions are bracketed and lined through.)

ICE Futures U.S.®, Inc.

NYSE [AND ICE] INDEX FUTURES

TABLE OF CONTENTS

Rule Subject

25.1 Scope of Chapter

25.2 Trading Specifications

25.3 Termination of Trading

25.4 Cash Settlement Procedures

25.5 Trading Halts on Underlying Securities Exchanges

Sub-Chapter A NYSE Index Futures Contracts

25.A.01 MICRO NYSE FANG+TM Index Futures

[SPECIAL NOTICE RELATING TO RULES

Sub-Chapter B ICE Index Futures Contracts]

25.[B]A.0[1]2 [ICE] NYSE Biotechnology GTR Index Futures

25.[B]A.0[2]3 [ICE] NYSE Semiconductor GTR Index Futures

SPECIAL NOTICE RELATING TO RULES
ICE Futures U.S.®, Inc.

NYSE [AND ICE] INDEX FUTURES 

25.1 Scope of Chapter

This chapter is limited in application to trading of NYSE Index [and ICE Index] Futures Contracts. 

The procedures for trading, clearing, settlement, and any other matters not specifically covered 

herein shall be governed by the general Rules of the Exchange.

Each NYSE Index referenced in this chapter is subject to change by ICE Data Indices, LLC (“ICE 

Data”) as set forth in the Methodology document for the relevant NYSE index as that document is 

amended, updated and replaced from time-to-time[, and each ICE Index referenced in this chapter 

is subject to change by ICE Data Services as set forth in the Methodology document for the 

relevant ICE index as that document is amended, updated and replaced from time-to-time]. 

The terms and conditions of the Futures Contracts specified in this Chapter are deemed to include 

any relevant governmental, regulatory or court decree or order as recognized by the Exchange in 

a Notice to Members.

25.2 Trading Specifications

In the absence of any other provisions in the respective Sub-Chapter for a particular NYSE Index 

[or ICE Index] Futures Contract, trading in the Futures Contracts shall be conducted in March, 

June, September and December delivery months. The number of months open for trading at a 

given time shall be determined by the Exchange.

25.3 Termination of Trading

In the absence of any other provisions in the respective Sub-Chapter for a particular NYSE Index 

[or ICE Index] Futures Contract, the last day of trading for each Futures Contract shall be the third 

Friday of the contract month or, if the relevant underlying Index is not scheduled to be published 

for that day, on the first (1st) preceding day for which such Index is scheduled to be published.

25.4 Cash Settlement Procedures

(a) Settlement

NYSE Index [and ICE Index] Futures Contracts open at the termination of trading shall be cash 

settled as set forth in paragraph (b) of this Rule using the Final Settlement Value as provided in 

the Sub-Chapter for the respective Futures Contract.

(b) Final Settlement Payment

Payment in final settlement of an NYSE Index [or ICE Index Futures] Contract will be made in 

accordance with the Clearing Organization Rules on the Business Day following the termination 

of trading by Clearing Members with open positions at the time of termination of trading of the 
Futures Contract. The amount of the final settlement payment to be made or received will be 

calculated based on the final settlement value as a normal variation payment.

25.5 Trading Halts on Underlying Securities Exchange

On any Business Day when a general trading halt occurs on the New York Stock Exchange, Inc. 

(“NYSE”) pursuant to NYSE Rule 7.12, or any other relevant national securities exchange that is 

the primary securities market for the index underlying a NYSE Index [or ICE Index] Contract, 

trading in the relevant NYSE Index [or ICE Index] Contract shall be halted. If trading in the 

primary securities market is scheduled to resume after a trading halt pursuant to NYSE Rule 7.12 

or similar rule of another relevant national securities exchange on the same Business Day as the 

trading halt in that market occurred, trading in the relevant Contract shall resume ten minutes after 

the trading halt in the primary securities market commences. If trading in the primary securities

market is not scheduled to resume on the same Business Day as the trading halt in that market 

occurred, then trading in the relevant Contracts shall resume at the regular open time for the Index 

Contracts on the next Business Day.

Amended by the Board October 20, 2020; effective October 30, 2020 with the addition of Rule 25.5 Trading 

Halts on Underlying Securities Exchange

Amended by the Board September 21, 2021; effective March 21, 2022 [¶¶ (25.1 through 25.5).
25.A.01 MICRO NYSE FANG+ Index Futures

Trading Schedule

The hours of trading in MICRO NYSE FANG+ Index Futures Contracts shall be determined 

by the Exchange. On the last day of trading in an expiring future, the closing time for such 

future shall be 9:30 a.m. New York time.

Trading Unit

The unit of trading shall be $5.00 times the NYSE FANG+ Index (price return version).

Final Settlement Value

The final settlement value for purposes of the contract’s cash settlement shall be the MICRO 

NYSE FANG+ Index as calculated by ICE Data rounded to the nearest 1/100th of an index 

point. This value shall be based on a special opening quotation. The Special Opening 

Quotation shall be a special quotation of the Index based on the opening prices of the 

component stocks in the index, determined on the third Friday of the contract month. If the 

Index is not scheduled to be published on the third Friday of the contract month, the Special 

Opening Quotation shall be determined on the first earlier day for which the Index is scheduled 

to be published. If the primary market for a component stock in the index does not open on 

the day scheduled for determination of the Special Opening Quotation, then the price of that 

stock shall be determined, for the purposes of calculating the Special Opening Quotation, based 

on the opening price of that stock on the next day its primary market is open for trading. If a 

component stock in the index does not trade on the day scheduled for determination of the 

Special Opening Quotation while the primary market for that stock is open for trading, the 

price of that stock shall be determined, for the purposes of calculating the Special Opening 

Quotation, based on the last sale price of that stock.

Price Increments

The minimum price fluctuation for the NYSE FANG+ Index Futures shall be 0.20 Index Points 

for outright trades, and 0.05 Index Points for spread trades. The dollar value of the minimum 

price fluctuation shall be $1.00 for outright trades and $0.50 for spread trades. Contracts shall 

not be made on any other price basis with the exception of certain Block Trades as may be 

specified by the Exchange, in which case the minimum price fluctuation shall be 0.01 Index 

Points, which is $0.05 per contract.

Amended by the Board September 7, 2018; effective September 21, 2018 [¶ (Final Settlement Value)].

Amended by the Board December 11, 2019; effective December 31, 2019 [¶ Trading Halts on Underlying 

Securities Exchanges].

Amended by the Board August 6, 2020; effective September 28, 2020.
[SPECIAL NOTICE RELATING TO RULES

NYSE FANG+TM Index is a trademark of ICE Data Indices, LLC or its affiliates (“ICE 

Data”) and has been licensed, along with the NYSE FANG+ Index (the “Index”), for use 

by ICE Futures U.S in connection with the NYSE FANG+ Index Futures Contract.

The Index is not sponsored, endorsed, sold or promoted by ICE Data. ICE Data makes no 

representations or warranties regarding the advisability of investing in securities or futures 

contracts, and any such investment based upon the performance of the Index particularly, 

or the ability of the Indexes to track general stock market performance. 

ICE DATA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND 

HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH 

RESPECT TO THE INDEXES OR ANY DATA INCLUDED THEREIN. IN NO 

EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, 

PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING 

LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH 

DAMAGES.]
25.[B.01]A.02 [ICE] NYSE Biotechnology GTR Index Futures

Trading Schedule

The hours of trading in [ICE]NYSE Biotechnology GTR Index Futures Contracts shall be 

determined by the Exchange. On the last day of trading in an expiring future, the closing time 

for such future shall be 4:15 p.m. New York time.

Trading Unit

The unit of trading shall be $100.00 times the ICE Biotechnology GTR Index.

Final Settlement Value

The final settlement value for purposes of the contract’s cash settlement shall be the closing 

value of the [ICE]NYSE Biotechnology GTR Index as calculated by ICE Data on the Last 

Trading Day of the expiring futures contract month.

Price Increments

The minimum price fluctuation for the [ICE]NYSE Biotechnology Index Futures shall be 

0.050 Index Points, which is $5.00 per contract. Contracts shall not be made on any other price 

basis with the exception of Block Trades as may be specified by the Exchange, in which case 

the minimum price fluctuation shall be 0.001 Index Points, which is $0.10 per contract.

25.[B.02]A.03 [ICE] NYSE Semiconductor GTR Index Futures

Trading Schedule

The hours of trading in [ICE]NYSE Semiconductor GTR Index Futures Contracts shall be 

determined by the Exchange. On the last day of trading in an expiring future, the closing time 

for such future shall be 4:15 p.m. New York time.

Trading Unit

The unit of trading shall be $50.00 times the ICE Semiconductor GTR Index.

Final Settlement Value

The final settlement value for purposes of the contract’s cash settlement shall be the closing 

value of the [ICE]NYSE Semiconductor GTR Index as calculated by ICE Data on the Last 

Trading Day of the expiring futures contract month.

Price Increments

The minimum price fluctuation for the [ICE]NYSE Semiconductor Index Futures shall be 

0.050 Index Points, which is $2.50 per contract. Contracts shall not be made on any other price 
basis with the exception of Block Trades as may be specified by the Exchange, in which case 

the minimum price fluctuation shall be 0.001 Index Points, which is $0.05 per contract.

Adopted by the Board September 22, 2021; effective March 21, 2022 with the addition of 25.B.01 and 

25.B.02].

SPECIAL NOTICE RELATING TO RULES

NYSE FANG+TM Index, [ICE] NYSE Biotechnology IndexSM and [ICE] NYSE

Semiconductor IndexSM (individually an “Index” and collectively the “Indexes”) are 

trademarks and/or service marks of ICE Data Indices, LLC or its affiliates (“ICE Data”) 

and have been licensed for use by ICE Futures U.S in connection with the listing and 

trading of futures contracts specified in [subchapter B of] this chapter 25 of the Exchange 

Rules. The futures contracts are not sponsored, endorsed, sold or promoted by ICE Data. 

ICE Data makes no representations or warranties regarding the advisability of investing in 

securities or futures contracts, and any such investment based upon the performance of an 

Index particularly, or the ability of an Index to track general stock market performance. 

ICE DATA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND 

HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH 

RESPECT TO THE INDEXES OR ANY DATA INCLUDED THEREIN. IN NO 

EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, 

PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING 

LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH 

DAMAGES.”
Rule 4.25. Trading Hours

(a) The ETS trading hours shall be as specified by the Exchange from time to time. All times specified 

in this Rule for Energy Contracts shall refer to the prevailing time in New York City on the relevant day 

and shall be referred to as Eastern Prevailing Time or “EPT”.

(b) The time period during which daily Settlement Prices shall be determined is:

****

(xii) for all MSCI [and ICE] Index Futures Contracts between 3:59 pm and 4pm NY Time;

[REMAINDER OF RULE UNCHANGED]
ICE FUTURES U.S.

BLOCK TRADE – FAQs

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

The minimum quantity requirements for block trades of eligible Energy futures and options 

contracts can be found under the “Energy Forms” tab at the link below: 

Energy Futures and Options Block Minimum Sizes 

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

Table 1 below lists the eligible agricultural and index futures and options contracts and the 

minimum quantity requirements for block trades. Table 2 below lists the eligible financial 

contracts and the minimum quantity requirements for block trades and Table 3 lists the eligible 

metals futures and options contracts and the minimum quantity requirements for block trades. 

****

TABLE 2 – Financial and Digital Currency Contracts

[REMAINDER OF FAQ UNCHANGED]

Product Contract Type Minimum Quantity

NYSE FANG+TM Index Futures 20 lots

MSCI ACWI NTR Index (MMW)

MSCI EAFE Index (MFS)

MSCI Emerging Markets Index (MME)

MSCI Emerging Markets NTR Index (MMN)

MSCI Emerging Markets Asia NTR Index (ASN)

MSCI Emerging Markets EMEA NTR (MMM)

MSCI Emerging Markets Latin Am. NTR Index (MML)

MSCI Europe Index (MCE)

MSCI Europe MTR Index (EU9)

MSCI North America NTR Index (NAA)

MSCI World NTR Index (MWS)

Quarterly & 

Daily Futures 50 lots

All other MSCI Indexes Quarterly & 

Daily Futures

5 lots

[ICE] NYSE Biotechnology IndexSM GTR Futures 5 lots

[ICE] NYSE Semiconductor IndexSM GTR Futures 5 lots

U.S. Dollar Index Futures 75 lots

Options 25 lots

All Currency Pair Futures 5 lots

ICE U.S. Conforming 30-year Fixed Mortgage Rate Lock 

Weighted APR Index

Futures 5 lots

ICE U.S. Jumbo 30-year Fixed Mortgage Rate Lock 

Weighted APR Index

Futures 5 lots

SOFR Index Futures 5 lots
RESOLUTION NO. 1 TO CHAPTER 6 

Position Limits Position Accountability (1) Reportable Levels

Product 

Category

Contract

Name Code

Spot 

Month/Notice 

Period

Single

Month

All 

Months

Exchange

Rule

Single 

Month

All 

Months

Exchange

Rule

Aggregate 

(Positive 

Correlation)

# 

Contracts

Exchange

Rule

Equity 

Indices

[ICE] NYSE Biotechnology GTR 

Index IUT 100,000 6.25 20,000 6.25 IUT 200 6.15

[ICE] NYSE Semiconductor GTR 

Index IUS 100,000 6.25 20,000 6.25 IUS 200 6.15