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New Electronic Trading in Softs!
Coco, Coffee, Sugar, Frozen Orange Juice and Cotton started trading electronically on March 3, 2008. The pit vipers have finally given up on open outcry trading of futures in these pits! It be the first time in years that I will trade any of these commodities, as the rampant criminal activity in New York, with its crooked fills and huge time delays in reporting anything, including market orders, made it impossible to have an even trading field. To get the latest specs and other information on these new contracts, go to http://www.nymex/softs_home.aspx.
About IntercontinentalExchange:
IntercontinentalExchange®, (NYSE: ICE - News) operates the leading global, electronic marketplace for trading both futures and OTC energy contracts and the leading soft commodity exchange. ICE's markets offer a range of contracts based on crude oil and refined products, natural gas, power and emissions, as well as soft commodities including cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, in addition to currency and index futures and options. ICE® conducts its energy futures markets through its U.K. regulated London-based subsidiary, ICE Futures, Europe's leading energy exchange. ICE Futures offers liquid markets in the world's leading oil benchmarks, Brent Crude futures and West Texas Intermediate (WTI) Crude futures, trading nearly half of the world's global crude futures by commodity volume. ICE conducts its soft commodity futures markets through its U.S. regulated subsidiary, the New York Board of Trade®. For more than a century, NYBOT® has provided global markets for food, fiber and financial products. ICE was added to the Russell 1000® Index on June 30, 2006. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Houston, London, New York and Singapore. For more information, please visit HTTP://www.theice.com and www.nybot.com.
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