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 November 30, 2015 - 10:53 AM EST
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Four New OPIS Contracts Available for Trading at ICE Futures Europe

Oil Price Information Service (OPIS), a leading provider of gasoline, diesel and LPG spot pricing information, today announces the introduction of four new futures contracts at ICE Futures Europe, subject to the completion of applicable regulatory processes.

Starting December 14, 2015, ICE Futures Europe will list the following contracts for trading. All four contracts will be cleared at ICE Clear Europe:

  • Diesel Diff – Group 3 ULSD (OPIS) vs Heating Oil 1st Line Future
  • Propane, OPIS Mt. Belvieu Other Non-TET Future
  • Propane, OPIS Mt. Belvieu TET vs Propane, Argus Far East Index (AFEI) Future
  • Propane, OPIS Mt. Belvieu Non-TET vs Propane, Argus Far East Index (AFEI) Future

“We are honored to be chosen by ICE as a pricing option in the oil and natural gas liquids markets,” said Brian Crotty, OPIS President, in announcing the selection.

The OPIS Group 3 numbers cited by ICE are made transparent on a daily basis via the “OPIS Full-Day Refined Spots Report” but can also be tracked through the trading day with the OPIS Spot Ticker, a real-time interactive price display. This pricing option will be instrumental for Midwest oil refiners, traders, wholesalers, and end-users who want to buy, sell, trade or hedge based off OPIS Group 3 spot prices.

ICE’s addition of the new propane benchmarks into the international arena recognizes the global reach of the OPIS Mont Belvieu benchmark and its relevance to global markets both in Asia and in Europe.

“OPIS has long been the propane and NGL benchmark of choice in the United States, and the availability of these contracts on ICE Futures Europe now recognizes the importance of this benchmark to the international propane market,” said Diane Miller, OPIS Global Director of NGLs.

In 2015 OPIS was recognized by the International Organization of Securities Commissions (IOSCO) for its high standards of market price reporting that include daily market price assessments that are “fair, efficient, and transparent.”

“Through a series of individual audits testing OPIS’ price methodology, approach to market coverage, communications with customers, and price authentication process, OPIS has fully met the high standards set by IOSCO,” said Robert Gough, Director of Content, OPIS.

About OPIS

OPIS, a division of UCG, is the world's most comprehensive source for petroleum, LPG/NGL, jet fuel and biofuels pricing and news information with offices in the U.S., Europe and Singapore and is one of the most widely accepted U.S. fuel price benchmark for supply contracts and competitive positioning. (

About UCG

Founded in 1977, UCG is one of America’s leading, privately held providers of specialized business-to-business information. UCG’s portfolio is composed of companies serving the information and software needs of decision makers in health care, oil and energy, technology, telecommunications, banking and finance, and the mortgage industry. The company has received many awards for journalistic excellence and was voted one of D.C.’s 50 Best Places to Work by Washingtonian Magazine.

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.

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 at

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, 2014, as filed with the SEC on February 5, 2015.

Oil Price Information Service (OPIS)
Diane Miller, +1 732-730-2530
Director, Global LPG/Feedstocks Division
Ben Brockwell, +1 732-730-2519
Director of Data, Pricing & Information

Source: Business Wire (November 30, 2015 - 10:53 AM EST)

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