As a catalyst in the development of transparent, global markets, ICE works proactively to maintain the confidence of participants and the integrity of markets. ICE Endex is a regulated market in the Netherlands, its derivatives markets are licensed under the Dutch Financial Services Act by the Dutch Ministry of Finance and supervised by the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). In the UK, ICE Endex is a Recognised Overseas Investment Exchange (‘ROIE’) by the Financial Conduct Authority (FCA).
ICE Endex spot contracts for Dutch and UK natural gas are regulated by national energy regulators. The Dutch natural gas spot market is regulated on the basis of the EU Regulation on Wholesale Energy Market Integrity and Transparency (‘REMIT’). The UK natural gas spot market is regulated on the basis of the UK regulation (EU exit REMIT contingency arrangements).
Based on the Dutch Gas Act in the Netherlands, the Dutch gas spot contracts are made available for trading under designation as a gas exchange operator by the Dutch Minister of Economic Affairs. The Dutch Authority for Consumers & Markets (ACM) regulates the energy industry and wholesale trading.
In the UK, ICE Endex Gas Spot Ltd is designated by OFGEM and appointed by National Grid Gas as the market operator of the independent market for balancing (On-the-day Commodity market or OCM).
ICE Endex is also recognized by the CFTC as an authorised Foreign Board of Trade (FBOT). This means that ICE Endex is permitted to provide its identified members or other participants located in the U.S. with direct access to their electronic order entry and trade matching system.
The ICE Endex Market Supervision team in Amsterdam is responsible for the monitoring and regulation of trading activity for ICE Endex’s energy markets. The team provides both front-line trading and back office support, and generates daily settlement prices.