55 East 52nd Street

New York, NY 10055

BY ELECTRONIC TRANSMISSION

Submission No. 24-8

January 15, 2024

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: New ICE Futures U.S. RIN Futures Liquidity Provider 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, the terms of the

new ICE Futures U.S. RIN Futures Liquidity Provider Program (“Program”), which are set forth in 

Exhibit A. 

The Exchange certifies that the Program, which will become effective on February 1, 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.

cc: Division of Market Oversight
EXHIBIT A

ICE Futures U.S. - RIN Futures Liquidity Provider Program

Program Purpose 

The purpose of the ICE Futures U.S. RIN Futures Liquidity Provider Program (“Program”) is to 

incentivize participants to increase screen liquidity in the products listed below; this enhanced 

liquidity will benefit all participants in the marketplace.

Product Scope

All ICE Futures U.S. RIN Futures Contracts

Eligible Participants 

The Exchange will select a maximum of three participants on the basis of their potential 

contribution to the enhancement of liquidity. The Exchange’s decision with respect to 

participants will be final. 

The Exchange, in its sole discretion, will use a variety of factors in determining whether a 

prospective participant is selected to participate in the Program, including the prospective 

participant’s overall historical volume in the Products and the prospective participant’s ability to 

maintain any threshold volume obligations for the duration of the Program. The Exchange may 

from time to time add or subtract from the above factors as it deems necessary.

Program Term 

The Program shall end on May 30, 2024, 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 

[PARAGRAPH REDACTED]

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.