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MARKET RULES and Appendices ICE Endex Markets B.V. Atlas Arena

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MARKET RULES and Appendices ICE Endex Markets B.V. Atlas Arena MARKET RULES and appendices ICE Endex Markets B.V. Atlas Arena Amsterdam Australia Building, 3rd floor Hoogoorddreef 7 1101 BA Amsterdam The Netherlands Tel: +31 (0)20 305 5100 TABLE OF CONTENTS Preface - Introduction to the Rules 8 Chapter I. – General Rules 9 I-1 Definitions ........................................................................................................................... 9 I-2 Interpretation of the Rules ................................................................................................ 18 I-3 Structure of the Rules ....................................................................................................... 18 I-4 Objective of the Rules ....................................................................................................... 19 I-5 Requirements for Membership ......................................................................................... 19 I-6 Additional Membership Criteria for Direct Electronic Access Providers ........................... 23 I-7 Responsible Individual ...................................................................................................... 26 I-8 Application Procedure ....................................................................................................... 28 I-9 Obligations of Members .................................................................................................... 29 I-10 Obligations of Members engaging in Algorithmic Trading ................................................ 32 I-11 Rights of ICE Endex .......................................................................................................... 34 I-12 Disciplinary Sanctions ....................................................................................................... 34 I-13 Suspension of a Member .................................................................................................. 35 I-14 Termination of the Membership ........................................................................................ 36 I-15 Dispute Resolution ............................................................................................................ 37 I-16 Liability of ICE Endex ........................................................................................................ 39 I-17 Confidentiality and Non-Disclosure ................................................................................... 40 I-18 Market Conduct and Conduct in Relation to Trading ........................................................ 41 I-19 Position Limits ................................................................................................................... 42 I-20 Suspension, Postponement and Prolongation of Services............................................... 42 I-21 Eligible Products ............................................................................................................... 43 I-22 Price Limits ....................................................................................................................... 43 I-23 Reasonability Limits .......................................................................................................... 43 I-24 Trades ............................................................................................................................... 43 I-25 No Joint Venture or Advisory Relationship ....................................................................... 44 I-26 Severability ....................................................................................................................... 44 2 ICE Endex Markets B.V. 20210906 / Version 1.30 I-27 Notifications ...................................................................................................................... 45 I-28 Recording .......................................................................................................................... 45 I-29 Opening of Accounts......................................................................................................... 45 I-30 Governing Law and Competent Court .............................................................................. 45 Chapter II. Rules applicable to all Markets 46 II-1 General ICE Endex Platform obligations and provisions .................................................. 46 II-2 Entry of Orders .................................................................................................................. 46 II-3 Matching of Orders and Execution of Trades ................................................................... 48 II-4 Settlement Prices - General .............................................................................................. 49 II-5 Provision of Information .................................................................................................... 50 II-6 Liquidity Provision / Market Making .................................................................................. 50 Chapter III. – Rules applicable to the Regulated Market 51 III-1 Trading Days and Hours ................................................................................................... 51 III-2 Fees and Other Sums ....................................................................................................... 51 III-3 Reporting of the Position .................................................................................................. 51 III-4 Procedures determining Regulated Market Product preliminary Settlement Prices......... 53 III-5 Miscellaneous ................................................................................................................... 54 III-6 Corporate Actions ............................................................................................................. 55 Chapter IV. – Rules applicable to the ICE Endex Block Trade Facility 56 IV-1 Rules applicable to the ICE Endex Block Trade Facility: Block Trades ........................... 56 IV-2 Rules applicable to the Block Trade Facility: Exchange for Physicals ("EFPs") and Exchange for Swaps ("EFSs") .......................................................................................... 61 IV-3 Pre-Trade Transparency ................................................................................................... 63 Chapter V. Rules applicable to the Spot Market 65 V-1 Trading Days and Hours ................................................................................................... 65 V-2 Fees and Other Sums ....................................................................................................... 65 V-3 Procedures determining Spot Market Product Settlement Prices .................................... 65 V-4 Formation of Trades in Uncleared Spot Market Products ................................................ 66 Chapter VI. – Rules applicable to the Clearing of Trades 67 3 ICE Endex Markets B.V. 20210906 / Version 1.30 VI-1 Trades in Cleared Products .............................................................................................. 67 VI-2 Clearing Process ............................................................................................................... 67 VI-3 Clearing by the Clearing House ........................................................................................ 67 Chapter VII. Rules applicable to EUA Futures Contracts 70 VII-1 Scope ................................................................................................................................ 70 VII-2 Obligations of Members .................................................................................................... 70 VII-3 Minimum volumes and eligible EUAs ............................................................................... 70 VII-4 Exclusion of Trading Accounts ......................................................................................... 70 VII-5 Delivery and settlement terms .......................................................................................... 71 VII-6 Delivery failure .................................................................................................................. 71 VII-7 Delivery costs .................................................................................................................... 72 VII-8 EUA force majeure ............................................................................................................ 72 VII-9 Price .................................................................................................................................. 73 Appendix A - Product Specifications .............................................................................................. 74 Appendix A.1 - Gas Futures/Options Product Specifications ........................................................ 74 Appendix A.1.1 – Product Specifications ICE Endex TTF Natural Gas Futures ........................... 74 Appendix A.1.2 - Product Specifications ICE Endex TTF Natural Gas Daily Futures ................... 76 Appendix A.1.3 - Product Specifications ICE Endex TTF Natural Gas Daily Financial Futures (ICIS) .......................................................................................................................................... 79 Appendix A.1.4 - Product Specifications ICE Endex TTF Natural Gas Options ............................ 83 Appendix A.1.5 Product Specification ICE Endex TTF Gas Options (Futures Style Margin) 85
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