ICE Futures U.S. to End Floor Trading for Options

Andy Mueller/Reuters

Leslie Josephs of The Wall Street Journal writes that the IntercontinentalExchange Inc. (ICE), one of the world’s largest futures exchanges, will get rid of floor trading for certain options contracts, including some of the world’s most widely traded soft commodities contracts, starting in October.

Electronic trading has been on the rise in recent years at various exchanges. Already, 75% of options volume for contracts listed on ICE Futures U.S. are traded electronically, the Atlanta-based company said in a press release Thursday.

ICE Futures U.S. is home of the world’s most widely traded raw sugar and arabica coffee contracts. Cocoa, cotton and frozen orange-juice concentrate are also traded on the exchange.

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