ICE Launches Argus Gasoline and Crack Spread Swaps

Argus Media is pleased to welcome the launch of two new Argus swaps on ICE’s over-the-counter marketplace. From today, the energy industry will be able to trade and clear Argus Northwest European Gasoline Swaps and Argus Northwest European Gasoline Swap vs Brent First Line Swaps on ICE’s platform. Argus gasoline prices are the main price reference for international gasoline spot and term contract physical trade in northwest Europe and are also used for settlement in the active barge swap market.

Adrian Binks, publisher and chief executive of Argus said: “The introduction of these new gasoline and gasoline crack spread swaps by ICE will add to the range of trading and clearing instruments available to the highly sophisticated international energy community. The daily Argus gasoline barge assessment has been the key European industry benchmark for many years and as such was the natural choice for ICE when deciding which index to use for settlement. We wish ICE every success with their new suite of contracts.”