ICE Futures U.S., a subsidiary of IntercontinentalExchange, announced that it will begin offering foreign exchange futures electronically on the ICE trading platform on November 9.

Listing of the foreign exchange futures contracts will occur in phases. In the initial phase, futures on various contracts in U.S. dollars, sterling, Euros, and Swiss francs, will be offered electronically 22 hours a day on the ICE platform.

These foreign exchange contracts will begin trading on the ICE platform at 8:00 p.m. ET on November 8. Electronic trading hours for currency futures are from 8:00 p.m. ET through 6:00 p.m. ET each trading day. These contracts also trade in the exchange’s floor-based markets in New York and Dublin, which operate from 2:00 a.m. ET through 3:00 p.m. ET.

The U.S. Dollar Index futures contract, a leading benchmark for the performance of the U.S. dollar against a basket of currencies, began trading electronically in June. The electronic launch of additional currency contracts will be announced at a later date.

The products will be available in a test environment beginning October 11, to allow independent software vendors, market data vendors, brokers, algorithmic traders and other registered market participants time to complete system connectivity and functionality testing.

“We’re pleased to expand our unique foreign exchange offering through the distribution and accessibility of the ICE platform,” said Tom Farley, ICE Futures U.S. president and chief operating officer. “This is a first step toward unlocking the potential in our products and in serving our participants in the large and growing foreign exchange market.”