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55 East 52nd Street

New York, NY 10055

BY ELECTRONIC TRANSMISSION

Submission No. 23-154

November 2, 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 ICE Futures U.S. 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 Oil 

Americas, Financial Gas, Financial Power, Physical Environmental, Financial Olefins, and 

Financial Monomers futures and option on futures contracts being listed by the Exchange and 

pending self-certification (See Submission Nos. 23-137 and 23-153). 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 December 11, 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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Gasoline Diff - RBOB Gasoline 1st Line vs Argus Eurobob Non-Oxy FOB 

Rotterdam Barges Mini Future GDS 100 MT 5

Propylene Contract Price, I.C.I.S. FD NWE Future PRF 100 MT 2

Benzene Contract Price, I.C.I.S. FD NWE Future BZF 100 MT 2

Enbridge Station 2 Swing Future E2S 2,500 MMBtu 25

Enbridge Station 2 Index Future E2I 2,500 MMBtu 25

Enbridge Station 2 Basis Future E2B 2,500 MMBtu 25

Transco Station 65 Swing Future TZD 2,500 MMBtu 25

Transco Station 65 Index Future TZC 2,500 MMBtu 25

Transco Station 65 Basis Future TZB 2,500 MMBtu 25

Washington Carbon Allowance Vintage 2027 Future WCE 1,000 Allowances 10

Washington Carbon Allowance Specific Vintage 2026 Future WSD 1,000 Allowances 10

Washington Carbon Allowance Specific Vintage 2027 Future WSE 1,000 Allowances 10

California Carbon Allowance Vintage 2027 Future CB7 1,000 Allowances 10

California Carbon Allowance Specific Vintage 2027 Future CCV 1,000 Allowances 10

Regional Greenhouse Gas Initiative Vintage 2025 Future RJ5 1,000 Allowances 10

Option on Washington Carbon Allowance Vintage 2024 Future WCB 1,000 Allowances 10

ERCOT Contingency Reserve Service Future ECY 1 MW 5

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