Intercontinental Exchange, Inc. (NYSE: ICE), one of the world's leading providers of financial market technology and data powering global capital markets, and home to the largest and most liquid energy derivatives markets in the world, today announced the launch of new tanker and container freight futures and options as average daily volume (ADV) across ICE’s freight markets is up 33% year-to-date.
ICE has today launched the first tanker freight futures on the TD34 FFA - Gulf of Oman to China and TD15 FFA - West Africa to China Very Large Crude Carrier (VLCC) routes which are cash-settled futures based on Baltic Exchange price assessments designed to give the market an additional way to hedge these routes as customers navigate restricted access through the Strait of Hormuz.
ICE has also launched two cash-settled container freight average price options, FAN - Asia to North Europe and FAW - Asia to U.S. West Coast, built on the success of the equivalent freight futures ICE launched in April 2026, which are indexed to NYSHEX's Freight Indices (NYFI). The options give customers more flexibility to manage freight rate risk on two of the world's busiest cargo routes.
ICE shares sank $2.16, or 1.4%, to $147.99.
