FAQs

Block Trade FAQ
Get the facts about block trades including things like eligible contracts, minimum threshold quantities, trading hours, reporting and execution procedures.

Exchange For Related Position (EFRP) FAQ
EFRPs include Exchange for Physical (EFP), Exchange for Swaps (EFS), Exchange for Risk (EFR) and Exchange of Options for Options (EOO). Take a look at our list of FAQs for EFRP.

Trade At Settlement (TAS) FAQ
TAS allows a trader to enter an order to buy or sell and eligible futures contract during the course of the trading day at a price equal to the settlement price for that contract or at a price up to five ticks above or below the settlement price.

Pre-Execution Communications FAQs
See the required permissions and restrictions for pre-execution communications, FAQs about the executions of orders resulting from pre-execution communication and how they can impact your account.

Self-Trade Prevention Functionality (STPF) FAQ
STPF provides various automated configurations to prevent self-trading of orders entered by the same direct market access (DMA) firm or related DIM firms under the same authorized trader ID or the same account ID.

Disruptive Trading Practices FAQ
Find out what actions are considered disruptive trading practices, what factors could be considered in assessing a potential violation of the rule regarding disruptive practices and more.

Wash Sale FAQ
Get answers to frequently asked questions about wash sales such as what constitutes a wash sale, the impact of wash sales on paired orders and how to avoid violating the wash sale trading regulation.

Trade At Index Close (TIC) FAQ
TIC trading allows a market participant to place a bid or offer for a Russell stock index futures contract during the course of the trading day at a price expressed as a differential to the closing price of the underlying stock index. See how it works.

Trade Policies & Procedures

Regular Trading Hours & LTD
See the regular trading hours and last trading day hours for futures and options contracts traded through this market. Unless otherwise noted, all times are listed in Eastern time.

Settlement Windows
See a list of the settlement windows by contract. Unless otherwise noted, all times are listed in Eastern time.

Reasonability Limits And NCRs
See a list of the reasonability limits, no cancellation ranges (NCR) and calendar spread stop limit order levels for futures and options contracts traded through this market.

AG, METAL AND FINANCIAL PRODUCTS POSITION LIMITS
See the single-month, all-month and spot month position limits for products traded through this exchange. This information is provided in a downloadable Excel format to make it easy to save for future reference.

Energy Position Limits
See the single-month, all-month and spot month position limits for products traded through this exchange. This information is provided in a downloadable Excel format to make it easy to save for future reference.

Error Trade Policy
Read through our error trade policy to better understand the regulatory considerations around orders entered in error, the main components of the policy and how we use appropriate systems and controls to reduce the likelihood of a trade error occurring.

Interval Price Limits (IPL)
IPL functionality acts as a temporary circuit breaker feature on the electronic platform to diminish the likelihood and extent of short-term price spikes or aberrant market moves.

Messaging Policy
Read through our messaging policy for a better understanding of how we’re discouraging inefficient and excessive messaging without compromising market liquidity.

Energy Block Trade Requirements
See the block trade minimum requirements for energy products traded through this exchange. This information is provided in a downloadable Excel format to make it easy to save for future reference.

Block Trade Form
When initiating a block trade, the seller will need to fill out the Block Trade Form and report the block by emailing this form to icehelpdesk@theice.com. Read the form carefully as there are time requirements around form submission.

MSCI Index Derivatives – Contract Specs
Take a look at a comprehensive list of contract specs for all MSCI index derivatives traded through ICE Futures U.S. and ICE Futures Europe.

Order Quantity Limits
See a list of the minimum and maximum quantity lots for futures traded this exchange. This information is provided in a downloadable Excel format to make it easy to save for future reference.

Stop Limits On Calendar Spreads
Take a look at how stop limit and stop with protection order types work for calendar spread markets and find out how to validate order entry.

Physical Deliveries