Which exchange operates the electronic global futures and OTC marketplace for trading energy commodity contracts, with its ICE Futures subsidiary?

Study for the CISI Level 3 Exam. Utilize interactive flashcards and multiple-choice questions with detailed hints and explanations. Equip yourself for the challenge!

Multiple Choice

Which exchange operates the electronic global futures and OTC marketplace for trading energy commodity contracts, with its ICE Futures subsidiary?

Explanation:
Intercontinental Exchange (ICE) runs a global, electronic market for energy futures and over-the-counter energy contracts, with its ICE Futures subsidiary providing the futures trading platform and clearing. This makes ICE the correct choice because its ecosystem covers the worldwide energy derivatives market, combining futures and OTC activity in one electronic venue. The other options don’t fit: the London Metal Exchange focuses on metals, Eurex is a European derivatives exchange not specialized in energy, and ICE Futures Europe is a regional futures venue, not the overarching exchange operator.

Intercontinental Exchange (ICE) runs a global, electronic market for energy futures and over-the-counter energy contracts, with its ICE Futures subsidiary providing the futures trading platform and clearing. This makes ICE the correct choice because its ecosystem covers the worldwide energy derivatives market, combining futures and OTC activity in one electronic venue. The other options don’t fit: the London Metal Exchange focuses on metals, Eurex is a European derivatives exchange not specialized in energy, and ICE Futures Europe is a regional futures venue, not the overarching exchange operator.

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