GX European Gasoline Contracts on ICE

We’re proud to announce that from Monday 22 June, ICE has listed four new tradable General Index (GX) European gasoline contracts on the exchange.

This is a significant milestone for GX. The addition of these four contracts brings the total number of tradeable GX European Gasoline instruments on ICE to 11, and to 21 overall when combined with our U.S. crude listings.

These new contracts cover key spread relationships that matter most to European gasoline market participants: the transatlantic arbitrage (RBOB-Eurobob), the spread between Eurobob and naphtha (“gas-nap”), the Northwest Europe – Mediterranean spread (“Med-North”), and the premium of Singapore gasoline to Eurobob (“East-West” arbitrage). Together, these 11 contracts form a coherent and comprehensive toolkit for managing European gasoline price risk.

The contracts now live are:

These listings add to a growing suite of GX-linked contracts on ICE. For refiners, trading houses, blenders, and other market participants in the European gasoline complex, these instruments mean they can now manage risk and capture value across the key spread relationships that define the European gasoline complex – without needing to piece together fragmented hedging strategies to do so.

Saket Vemprala, VP Europe & Africa at General Index, commented, “European gasoline is one of the most globally interconnected commodity markets - shaped by flows to the U.S., the Med, and between the West and East of Suez markets, all connecting back to the NWE benchmark. These four new listings on ICE give market participants the precise instruments they need to trade and hedge those relationships with confidence. Reaching 11 tradeable European Gasoline instruments on ICE is a clear signal of the momentum we’re building across the market.”