Fastmarkets and Intercontinental Exchange (ICE) today announced the launch of the ICE Used Cooking Oil (UCO) Gulf (Fastmarkets) Futures contract to meet growing demand and tackle complexity in the biofuel feedstock market.
Today’s launch provides market participants with a new risk-management solution in the renewable energy sector. It is also an ideal choice for those looking to gain exposure to UCO price movements without the need for physical delivery.
Fastmarkets’ US Gulf-based UCO assessment reflects the primary market region for UCO trade, capturing the broadest data pool necessary for accurate market pricing. This ensures convergence between the futures price and the spot price at contract expiry, further bolstering confidence in market operations.
“With the increased volumes and…
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