IntercontinentalExchange Inc's will place a five-year cap on trading fees for Liffe soft commodities if the potential merger with NYSE Euronext goes through, and could change the trading currency for cocoa, a senior executive said in a presentation this week.Atlanta-based ICE announced in December it had agreed to purchase NYSE Euronext for $8.2 billion. The deal is currently undergoing the European and U.S. regulatory approvals necessary for the completion of the merger.Robusta coffee, white sugar and cocoa futures and options currently trade on Liffe, and market participants have expressed concern that ICE's acquisition of NYSE Euronext could give ICE a role that is too dominant in the small cocoa, sugar and coffee derivatives.Speaking at the Cocoa Merchants Association of America conference in the Dominican Republic on Thursday, ICE Futures U.S. President Ben Jackson said the exchange is committed to capping its screen trading fees on Liffe soft commodities at 82 cents for five years. This is the current fee for ICE Brent crude oil and up 2 cents from the current Liffe fees.
IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchanges, over-the-counter (OTC), markets, derivatives clearing houses and post-trade services. Shares of ICE fell by 0.11% or $-0.17/share to $158.57. In the past year, the shares have traded as low as $117.82 and as high as $162.29. On average, 1445580 shares of ICE exchange hands on a given day and today's volume is recorded at 571761.
NYSE Euronext is a global operator of financial markets and provider of trading solutions. Shares of NYX fell by 0.05% or $-0.02/share to $37.97. In the past year, the shares have traded as low as $22.25 and as high as $38.53. On average, 5101340 shares of NYX exchange hands on a given day and today's volume is recorded at 986369.
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