UNITED STATES OF AMERICA
Before the

COMMODITY FUTURES TRADING COMMISSION

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In the Matter of the Application of ICE Futures Europe for
registration pursuant to Section 4(b)(1) of the Commodity
Exchange Act and Part 48 of the Regulations of the Commodity
Futures Trading Commission in order to permit direct access

to its order entry and trade matching system

ORDER OF REGISTRATION

Pursuant to Section 4(b)(1) of the Commodity Exchange Act (the Act), 7 U.S.C.

§ 6(b)(1), and Part 48 of the Commission’s regulations, ICE Futures Europe (IFE), a Recognised
Investment Exchange located in London, England subject to regulatory supervision by the U.K.
Financial Conduct Authority (FCA), submitted an application dated August 16, 2012 and
including supplemental submissions filed through April 2016 (the Application), requesting
registration in order to permit identified members and other participants located in the United
States to enter trades directly into its order entry and trade matching system.

The Commission has reviewed the Application along with the exhibits, supplemental
documents, and other supporting information and representations, and finds that IFE has
demonstrated its ability to comply with the requirements of the Act and applicable Commission
regulations thereunder, including the requirements for registration as set forth in Part 48 of the
Commission’s regulations.

In light of the foregoing, IT IS ORDERED, pursuant to Section 4(b)(1) of the Act,

7US.C. § 6(b)(1), that IFE is granted an Order of Registration to permit direct access, as that



term is defined in Section 4(b)(1)(A) of the Act, subject to the terms and conditions specified
herein:

(1) Compliance with the Act and Commission Regulations. IFE shall comply, and shall

demonstrate compliance as requested by the Commission, with all sections of the Act and the
Commission’s regulations thereunder applicable to IFE as a foreign board of trade registered
pursuant to Pait 48 of the Commission’s regulations, as may be amended or adopted from time to
time. IFE shall comply with the applicable conditions of registration specified in Commission
regulation 48.8, including, but not limited to, the conditions with respect to linked contracts in
Commission regulation 48.8(c), as well as any additional conditions that the Commission deems
necessary and may impose, in its discretion, after appropriate notice and opportunity to respond. IFE
shall fulfill each of the representations it has made in support of the Application for registration.

(2) New Regulations. Should the Commission promulgate a regulation addressing or
otherwise affecting any aspect of this Order, then such regulation will apply and supersede the
applicable terms in this Order.

(3) Reservation of Rights, This Order is based upon the representations made and
supporting material provided to the Commission by IFE as part of the Application. In the event
of any changes to or omissions in the material facts or circumstances pursuant to which this
Order is issued, or for any reason in the Commission’s discretion and after appropriate notice and
opportunity to respond, the Commission may condition, modify, suspend, terminate, or otherwise
restrict the terms of this Order, as appropriate and as permitted by law, on its own motion.

Issued in Washington, D.C. this 31st day of October, 2016.

By the Commission

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Christopher F Kirkpatrick
Secretary of the Commission