ICE Block definition

ICE Block means the facility for the time being known as ICE Block established by the Exchange which permits Members to organise and execute transactions in relation to the trading of Block Trade Contracts or EFRPs pursuant to the Rules. This shall include the facilities used by Members connected to the Trade Registration API;
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ICE Block. – means the system through which certain Ancillary Transactions are entered.
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Examples of ICE Block in a sentence

  • The other Member party to the Non-Crossed Transaction ("Block Member B") must confirm acceptance of the relevant details through ICE Block.

  • The relevant details may be reported to the Exchange by the Member ("Block Member A") through ICE Block pursuant to the Rules and in such a manner that may be prescribed by the Exchange from time to time.

  • The applicant shall be admitted to the category of membership applied for and details of the Products it may trade (or in the case of an ICE Block Member, the Products for which it may have access to ICE Block) will be confirmed.

  • The relevant details may be reported to the Exchange by one Member ("Block Member A") who is party to the Non-Crossed Transaction, through ICE Block, pursuant to the Rules and in such a manner that may be prescribed by the Exchange from time to time.

  • In the case of an entity applying to be an ICE Block Member, the applicant shall complete such form of application as the Exchange may prescribe, electing whether it wishes to enter: (i) Block Trades and/or EFRPs on ICE Block; and/or (ii) the ICE Platform for the purpose of entering Cross Trades, and specifying the Products for which it wishes to have access.

  • B.4.6 A Member may, at any time, apply to vary the Products it wishes to trade and/or clear, and in the case of an ICE Block Member, may vary its election to access ICE Block for Block Trades and/or EFRPs (as applicable), the ICE Platform for the purpose of entering Cross Trades or the Products for which it may have access.

  • The Exchange may check the Block Trade details submitted to ICE Block and, if the Exchange is not satisfied that all such details are valid, it may, in its absolute discretion, void the Block Trade.

  • F.5 [NOT USED.] F.5A EFRPs F.5A.1 These Rules shall apply to all EFRPs (including, for the avoidance of doubt, EFRPs entered on ICE Block by an ICE Block Member).

  • Members may post an EFM by entering into ICE Block both the buy and sell sides of the trade as a crossed trade.

  • The EFP or EFS will flow from ICE Block into the ICE Systems and be identified as an EFP or EFS, as appropriate, with a specific trade type as prescribed by the Exchange.

Related to ICE Block

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