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Stock impact report

Delayed Sugar Deliveries Raise Debate Over Exchange Rules [Yahoo! Finance Canada]

Intercontinental Exchange Inc. (ICE) 
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
Most Read from Bloomberg Wilmar International Ltd., one of the world's largest sugar traders, has yet to load some vessels with quantities of the commodity that were sold when March futures expired on Intercontinental Exchange more than two months ago, according to people familiar with the matter, who asked not to be identified because the information is private. The company isn't breaking any exchange rules, but some traders argue the delays aren't justified. ADVERTISEMENT The issue is shining a light on how some traders use technicalities and loopholes in market rules. Intercontinental Exchange doesn't state a time frame for vessels to be loaded after futures expire as long as the seller pays demurrage, the cost for holding back a vessel — something that's currently happening, the people said. Agriculture commodities traders Sucres et Denrees SA and Louis Dreyfus Co. bought a combined 1.3 million metric tons of sugar when March futures expired. Wilmar was the main seller, d Show less Read more
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