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Regulacje rynkowe · 4.05.2010

Order Finding That the ICE PG&E Citygate Financial Basis Contract Traded on the IntercontinentalExchange, Inc., Performs a Significant Price Discovery Function

On October 9, 2009, the Commodity Futures Trading Commission ("CFTC" or "Commission") published for comment in the Federal Register \1\ a notice of its intent to undertake a determination whether the PG&E Citygate Financial Basis ("PGE") contract, traded on the IntercontinentalExchange, Inc. ("ICE"), an exempt commercial market ("ECM") under sections 2(h)(3)-(5) of the Commodity Exchange Act ("CEA" or the "Act"), performs a significant price discovery function pursuant to section 2(h)(7) of the CEA. The Commission undertook this review based upon an initial evaluation of information and data provided by ICE as well as other available information. The Commission has reviewed the entire record in this matter, including all comments received, and has determined to issue an order finding that the PGE contract performs a significant price discovery function. Authority for this action is found in section 2(h)(7) of the CEA and Commission rule 36.3(c) promulgated thereunder. ---------------------------------------------------------------------------

Source: Federal Register — CFTCOpen original release →