Intercontinental Commodities Exchange +442030311289

The Intercontinental Commodities Exchange at http://www.intercommexchange.com



See viewtopic.php?f=10&t=115125 and viewtopic.php?f=10&t=115247

The Intercontinental Commodities Exchange (“ICE”) will provide standardized exchange-traded products on a transparent pricing platform to traders, investment professionals and commercial end-users in the European time zone. All transactions will be made on a transparent USD-based pricing platform, ensuring the full advantages of dollar financing and dollar clearing, and allowing currency hedging flexibility to market participants. In terms of regulatory compliance and oversight, ICE is appyling for a licence from the Securities and Futures Commission (“SFC”) of London.

Operating under the “One Country, Two Systems” jurisdiction of the European Union Special Administrative Region, ICE will leverage London’s status as a world-class financial center to bring commodities trading to East Europe, meeting its need for transparent, liquid trading of staple commodities, including global commodity benchmarks such as precious metals, industrial metals, energy, natural resources, agricultural and environmental products as well as commodity indices.

As a bridge between Europe and international commodities markets, ICE’s goal is to continue London’s success in becoming a global offshore financial centre. The Exchange will complement international commodities exchanges by enabling transparent price discovery of European-bound commodities, increasing the liquidity in trading of these commodities and ultimately providing a means of benchmarking Europe’s overseas investments.

Location
As ICE’s headquarters, London is uniquely positioned to serve Europe’s commodities and trading community. Its competitive advantages include:

Robust financial infrastructure featuring advanced credit facilities, real-time USD settlement and a robust monetary policies;
Deep and diverse pools of liquidity with the broadest range of market participants in Europe and a base of highly trained and experienced human capital;
Strategic geographic location offering superb infrastructure connections to Europe and the regions;
Pro-Business Environment which consists of strong legal and regulatory systems, a stable political environment and corporate tax rates among the lowest in the world.

Business Activities
ICE plans to offer futures, OTC futures and Options on underlying on-exchange products. The Exchange has developed a disciplined and innovative product platform to meet the demands of our key customers. Products to be launched for trading and clearing will primarily be in the metals, energy, agricultural, commercial and other commodities-related markets. In designing these products, ICE seeks to become a strong industry partner with international and European trading communities, ensuring that product specifications are synchronized with their financial operations while at the same time providing market liquidity and meeting clearing requirements. For contract details, please refer to our Products & Services.

Milton Gate 60 Chiswell Street London EC1Y 4SA
Fax: +442030311289
Email: [email protected]

Created anonymously 1st August 2016 for 1 year only

DO YOUR DUE DILIGENCE!

You can check whether an individual or company is authorised to give financial advice, deal in securities or similar in the UK here: https://register.fca.org.uk

This "exchange" does not exist and is not authorised.

It follows that their list of "Members" needs to be taken with a pinch of salt.

They have 3 categories:

1) "Authorised to represent the Exchange and give financial advice regarding futures/options contracts trading."
So they should appear as an active exact match in the Financial Services Register and be identified there as a representative of the company they claim to represent.
This list is a mixture of legitimate authorised financial advisors (who presumably do not know that their names are being used) and inactive or non-authorised names - presumably these will be the people who ring you with the hard sell.

2) "Clearing Members"
Should appear as an exact match in the FSR and be identified as clearing organisations. None of those listed are authorised to operate in the UK.
Bonavibe Corporation Limited is a fraudulent company/website (see separate post)
COR INTERNATIONAL TRADING LIMITED is the subject of an Australian government warning here: https://www.moneysmart.gov.au/scams/com ... -group-llc
MERC ZONE TRADE LIMITED is the subject of an Australian government warning here: https://www.moneysmart.gov.au/scams/com ... -alliances

3) "Non-Clearing Members"
Should appear as an exact match in the FSR.
These mainly appear to be real legitimate companies but few of them appear in the FRS as exact matches to UK-authorised financial companies and a couple already have warnings attached
Why so many insurance / re-insurance companies?

There is a real exchange of this name.

Their website is https://www.theice.com

They are US-based but their UK contact number is +44 (0)20 7382 8200
Email: [email protected]