55 East 52nd Street

New York, NY 10055

BY ELECTRONIC TRANSMISSION

Submission No. 19-331

November 5, 2019

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: Extension of ICE Futures U.S. Oil 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, notice that

the Exchange is extending the term of the ICE Futures U.S. Oil Liquidity Provider Program

(“Program”) through November 30, 2020. The Program, which was launched on February 22,

2018 with the listing of oil futures contracts, was scheduled to terminate on December 31, 2019.

However, the Exchange believes that the program will continue to help tighten markets and build

interest in the covered products and is, therefore, extending the Program through November 30,

2020, provided, however, that the Exchange in its sole discretion may cancel the Program prior

to that time.

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

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 Program extension,

which will become effective on December 1, 2019, and further certifies that, concurrent with this

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

(https://www.theice.com/futures-us/regulation#rule-filings).

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.

cc: Division of Market Oversight
EXHIBIT A

ICE Futures U.S. Oil Liquidity Provider Program

Program Purpose

The purpose of the Program is to attract and incentivize participants to trade ICE Futures U.S. Oil Futures

contracts to increase liquidity in the products; this enhanced liquidity will benefit all participants in the

marketplace.

Product Scope

All ICE Futures U.S. Oil futures contracts traded.

Eligible Participants

[REDACTED]

Program Term

The initial term of the program shall end on 30 November[1 December] 20[19]20.

.

Obligations

Participants agree to provide the Exchange with information acceptable to the Exchange detailing

Participants’ trading activity under the program, and the Exchange may require an additional third party

verification report.

Program Incentives

[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 no longer meets the

eligibility requirements of this Program.