ICE to transition European Union Emission Allowance Contracts to ICE Endex in the Netherlands…

first_img Twitter Pinterest By Digital AIM Web Support – February 8, 2021 LONDON & AMSTERDAM–(BUSINESS WIRE)–Feb 8, 2021– Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced today that it plans to transition ICE EUA Futures and Options and ICE EUA Daily Futures (collectively, “ICE EUAs”) and ICE EUAA Futures (“ICE EUAAs”) from ICE Futures Europe, ICE’s London-based exchange, to ICE Endex, ICE’s exchange in the Netherlands, during the second quarter of 2021, subject to the completion of regulatory processes. A more specific date for the transition will be announced in due course. ICE EUA and EUAA markets will continue to be cleared at ICE Clear Europe in London where they are cleared alongside ICE’s global environmental complex including California Carbon Allowances (CCAs) and California Carbon Offsets (CCOs), as well as some of the largest energy contracts in the world across oil, natural gas, power and coal, allowing those who trade to benefit from the margin offsets created by clearing alongside ICE’s global energy complex. “The decision to transition the execution of EU emission allowance contracts to the Netherlands follows close dialogue with customers over the past few months and will help those who rely on these markets to meet obligations and manage climate price risk in the most cost-effective and seamless manner”, said Stuart Williams, President of ICE Futures Europe. “Leveraging our experience in managing transitions, we will carry out this process in the smoothest possible manner for customers.” The EU Emissions Trading Scheme is a cornerstone of the EU’s policy to combat climate change. Market-based mechanisms like carbon cap and trade programs are pivotal in allowing policy makers to control the quantity of carbon to align with their net-zero commitments and put a price on emissions to reach those goals in the most cost-effective manner. EUA futures and options volume traded on ICE has increased more than 100% from 2015 to 2020. More than 12 million lots of EUA futures and options traded on ICE in 2020, equivalent to 12 billion allowances or 12 gigatonnes. ICE’s EUA contract is one part of ICE’s global environmental complex which includes futures and options connected to ICE’s California Cap and Trade, Regional Greenhouse Gas Initiative and renewable energy credits markets. Volume in the North American Environmental complex increased by approximately 30% in 2020 versus 2019. In April 2020, ICE launched the ICE Global Carbon Futures Index to track and benchmark the global price of carbon. While in December 2020, ICE was appointed to host emissions auctions as part of the launch of a UK Emissions Trading Scheme (UK ETS). ICE plans to commence auctions and launch UK spot and futures carbon allowance contracts on ICE Futures Europe no later than the second quarter of 2021, subject to regulatory approval. ICE has been a leader in environmental markets for nearly two decades. A wide and increasing group of stakeholders use the price signals from ICE’s global markets and indices to help assess climate transition risk in their portfolios, and access liquidity pools for compliance purposes, managing risk and allocating capital to benefit from energy transition opportunities. About Intercontinental Exchange Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).” Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021. Source: Intercontinental Exchange ICE-CORP View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005396/en/ CONTACT: ICE Media Contact Rebecca Mitchell +44 7951 057351 [email protected] Investor Contact Warren Gardiner 770-835-0114 [email protected] KEYWORD: EUROPE UNITED KINGDOM NETHERLANDS INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES ENVIRONMENT FINANCE SOURCE: Intercontinental Exchange Copyright Business Wire 2021. PUB: 02/08/2021 07:00 AM/DISC: 02/08/2021 07:01 AM http://www.businesswire.com/news/home/20210208005396/en Pinterest Facebook Facebook Local NewsBusinesscenter_img ICE to transition European Union Emission Allowance Contracts to ICE Endex in the Netherlands during the Second Quarter of 2021 WhatsApp Twitter WhatsApp TAGS  Previous articleLandowner Receives Right of First Refusal for Water and Gas – Landmark Surface-Use Agreement Signed for ESG GoalsNext articleHip Hop Hall of Fame Café & Museum Gallery to Open in Harlem, NYC in 2021 With Hip Hop “History” and “Activism Black Lives Matter” Exhibits – Post Covid Vaccine Digital AIM Web Supportlast_img read more

Drogba offers hospital as coronavirus treatment Centre

first_img Loading… FacebookTwitterWhatsAppEmail分享 Former Chelsea star Didier Drogba has offered his hospital in Ivory Coast to be used as a coronavirus treatment centre, as the country prepare for a huge jump in cases. The hospital – that is based in the city of Abidjan – opened in 2016 and is named after former Ivory Coast footballer Laurent Pokou, who passed away in the same year it opened. The current outbreak of COVID-19 has remained manageable across Africa, however, there are fears the deadly virus is about to spread much more rapidly. Former Chelsea and Ivorian international Didier Drogba offering his hospital for covid-19 battle Drogba has been recognised for his ‘patriotic gesture’ from Vincent Toh Bi Irie, the head of Abidjan’s regional council, who said the hospital will help them fight the disease. ‘We thank Drogba for this gift considered as an act of patriotism,’ Toh Bi said.Advertisement The first case of coronavirus was recorded in the country on March 11 and since there have been 574 people diagnosed with the virus and five have died. Across the entire continent, the health care systems are not as strong as the ones in the UK or USA and Simon Antara, of the African Field Epidemiology Network, explained: ‘We are preparing for disaster.’ Therefore, many believe African countries are still in grave danger of becoming the most effected in the world with isolation and quarantine predicted to not have the same impact on ‘flattening the curve’ of the virus. Read AlsoDrogba blasts French doctors for suggesting vaccine test in Africa The Ivorian’s hospital is part of the Didier Drogba Foundation, that was set up by the former Chelsea striker to provide financial and material support in both health and education to people across Africa. Drogba scored 65 goals for Ivory Coast in 105 appearances for his country. Promoted ContentImpressive Caricatures Of Marvel Characters By Xi DingThis Is Probably The Happiest Dog On Instagram7 Universities Where Getting An Education Costs A Hefty Penny7 Of The Wealthiest Universities In The WorldBest & Worst Celebrity Endorsed Games Ever MadeWho Earns More Than Ronaldo?Which Country Is The Most Romantic In The World?6 Interesting Ways To Make Money With A DroneWho Earns More Than Ronaldo?Couples Who Celebrated Their Union In A Unique, Unforgettable WayYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThe Most Exciting Cities In The World To Visitlast_img read more

Chris Simpson becomes 100th different Deery winner at Yankee Dirt Track Classic

first_imgChris Simpson became the 100th different feature winner in the Deery Brothers Summer Series 30-plus year history when he topped the $10,000 to win Yankee Dirt Track Classic feature Saturday at Farley Speedway. (Photo by Tom Macht, www.photofinishphotos.com)FARLEY, Iowa (Sept. 2) – Along with a unique place in Deery Brothers Summer Series history, Chris Simpson enjoyed a $10,000 run to the checkers at Farley Speedway’s 40th annual Yankee Dirt Track Classic Saturday night.Simpson regained the lead with 28 circuits to go in the 100-lap main event, then held off Joel Callahan and Justin Kay following a late restart to win his IMCA Late Model tour career-first feature.He also became the 100th different driver to win a feature over the course of the series’ 477-event history.“It was kind of a good night for us,” said Simpson, who put a car he built and borrowed from Jason Rauen in victory lane. “This is a series that has been around for a long time. I always wanted to win one and finally did. It feels really good to get the win and it’s an honor to win a Deery race.”The top-paying event on the tour schedule saw a season-best 55 entries. Callahan, a two-time Yankee winner, took home $5,000 for second and Kay’s third place finish was good for $2,500.Rounding out the top five were three-time and defending race winner Tyler Bruening and the 20th starting Chad Holladay. Series point leader Jesse Sobbing was sixth.The main event saw five lead changes, with pole starter Callahan, Rauen and Simpson enjoying turns up front before “B” qualifier Ryan Dolan motored by to pick up the halfway leader bonus.Simpson returned the favor on lap 73 and led to the finish.Jeff Aikey did double duty and earned $3,000 and a spot on the 2018 Fast Shafts All-Star Invitational ballot for his win in the IMCA Modified feature.Next on the Deery Series schedule is the Thursday, Sept. 7 show during the IMCA Speedway Motors Super Nationals at Boone Speedway. The winner earns $2,000 plus a bonus of as much as $1,500.Pit gates open at 11 a.m. and racing starts at 2 p.m. Approximate start time for the Late Model feature is 8 p.m.Feature results – 1. Chris Simpson, Oxford; 2. Joel Callahan, Dubuque; 3. Justin Kay, Wheatland; 4. Tyler Bruening, Decorah; 5. Chad Holladay, Muscatine; 6. Jesse Sobbing, Malvern; 7. Denny Eckrich, Tiffin; 8. Cayden Carter, Oskaloosa; 9. Dan Shelliam, Hazel Green, Wis.; 10. Ryan Dolan, Lisbon; 11. Mike Fryer, Freeport, Ill.; 12. Jake Neal, Omaha, Neb.; 13. Ben Seemann, Waterloo; 14. Chris Horn, Cedar Rapids; 15. Darrel DeFrance, Marshalltown; 16. Luke Goedert, Guttenberg; 17. Jon Merfeld, Dubuque; 18. Jeff Aikey, Cedar Falls; 19. Matt Ryan, Davenport; 20. Jeremiah Hurst, Dubuque; 21. Andy Eckrich, Oxford; 22. Andy Nezworski, Buffalo;23. Jason Rauen, Farley; 24. Curt Martin, Independence; 25. Justin Mitchell, Cedar Rapids; 26. Nick Marolf, Wilton; 27. Kyle Hinrichs, Swisher.last_img read more