{"id":783729,"date":"2023-09-13T08:49:14","date_gmt":"2023-09-13T12:49:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/"},"modified":"2023-09-13T08:49:14","modified_gmt":"2023-09-13T12:49:14","slug":"ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/","title":{"rendered":"ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation<\/b><\/p>\n<p>LONDON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nIntercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, and home to the largest soft commodity futures and options markets in the world, today announced that ICE Benchmark Administration Limited (IBA) is collaborating with Meridia Land B.V (Meridia), an agricultural technology company specializing in the verification of farm origin and supply chain data, to launch the ICE Commodity Traceability (ICE CoT) service.<\/p>\n<p>\nICE CoT is a technology platform designed to maintain the frictionless trade of physical cocoa and coffee by supporting these industries\u2019 compliance with the European Union\u2019s Deforestation Regulation (EUDR). Europe is the largest market for cocoa and coffee worldwide.<\/p>\n<p>\nICE CoT aims to automate the process of submitting, storing, and validating the information necessary for cocoa and coffee operators and traders to ensure and demonstrate compliance of their products with the regulation. ICE CoT is aimed at supporting all commercial trade affected by the EUDR.<\/p>\n<p>\n\u201cMeridia have proven expertise in the risk assessment and verification of farm origin and supply chain data, and its methodologies and technology will be embedded within ICE CoT to provide robust validation for farm and traceability data provided by cocoa and coffee traders and operators,\u201d said Clive de Ruig, President of IBA.<\/p>\n<p>\n\u201cCustomers will be able to register and validate parcels of beans and products in ICE CoT, which can be maintained and tracked as they are traded, divided, and processed along the supply chain,\u201d continued de Ruig. \u201cICE CoT will provide continuous and independent validation of the traceability data from the initial parcel to its ultimate use or export, giving confidence to operators and traders of the quality and compliance of the data underlying the product.\u201d<\/p>\n<p>\n\u201cICE\u2019s objective to ensure that cocoa and coffee remain easily tradable is closely aligned with Meridia\u2019s mission to deliver services that ensure the future of sustainable smallholder supply chains, for whom continued frictionless access to EU markets is so critical,\u201d said Thomas Vaassen, CEO of Meridia. \u201cICE CoT is an excellent example of how our expertise in farm origin and supply chain data verification can be used to support all stakeholders in complex supply chains.\u201d<\/p>\n<p>\nICE provides the largest markets in the world to trade cocoa and coffee through its benchmark Cocoa, London Cocoa, Coffee C\u00ae and Robusta Coffee futures and options markets. Last year the equivalent of over 500 million tons traded on ICE\u2019s cocoa and coffee markets.<\/p>\n<p>\nIBA anticipates launching ICE CoT in 2024, in advance of the regulation entering into application for operators and traders on December 30, 2024, and remains subject to further testing, system and data availability, and any regulatory contingencies. For more information on ICE CoT, please contact <a rel=\"nofollow\" href=\"mailto:IBA-ICECoT@ice.com\">IBA-ICECoT@ice.com<\/a>.<\/p>\n<p><b>About ICE Benchmark Administration<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/www.theice.com\/iba\"><b>ICE Benchmark Administration<\/b><\/a> is authorized and regulated by the Financial Conduct Authority for the regulated activity of administering a benchmark, and is authorized as a benchmark administrator under the UK Benchmarks Regulation. Operating ICE CoT is not a regulated activity.<\/p>\n<p><b>About Intercontinental Exchange<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/www.ice.com\/\"><b>Intercontinental Exchange, Inc. <\/b><\/a>(NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate <a rel=\"nofollow\" href=\"https:\/\/www.theice.com\/about\/exchanges-clearing\"><b>exchanges<\/b><\/a>, including the <a rel=\"nofollow\" href=\"https:\/\/www.nyse.com\/\"><b>New York Stock Exchange<\/b><\/a>, and <a rel=\"nofollow\" href=\"https:\/\/www.theice.com\/solutions\/clearing\"><b>clearing houses<\/b><\/a> that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income <a rel=\"nofollow\" href=\"https:\/\/www.theice.com\/about\/fixed-income-data\"><b>data services<\/b><\/a> and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At <a rel=\"nofollow\" href=\"https:\/\/www.theice.com\/about\/mortgage-technology\"><b>ICE Mortgage Technology<\/b><\/a>, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.<\/p>\n<p>\nTrademarks of ICE and\/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and\/or its affiliates is located <a rel=\"nofollow\" href=\"http:\/\/www.intercontinentalexchange.com\/terms-of-use\"><b>here<\/b><\/a>. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading \u201cKey Information Documents (KIDS).\u201d<\/p>\n<p>\nSafe Harbor Statement under the Private Securities Litigation Reform Act of 1995 &#8212; Statements in this press release regarding ICE&#8217;s business that are not historical facts are &#8220;forward-looking statements&#8221; that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE&#8217;s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE&#8217;s Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023.<\/p>\n<p><b>About Meridia<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/www.meridia.land\/\">Meridia<\/a> is an agricultural technology company specializing in high-quality field data solutions for smallholder-heavy supply chains in various (tropical) commodities. They are committed to promoting fair and sustainable practices to make farmers visible in supply chains and help them market their goods to global markets.<\/p>\n<p>\nCategory: EXCHANGES<\/p>\n<p>\nICE- CORP<\/p>\n<p>\nSource: Intercontinental Exchange<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230913585926r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230913585926\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230913585926\/en\/<\/a><\/span><\/p>\n<p><b>ICE Media Contact:<br \/>\n<\/b><br \/>Rebecca Mitchell<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Rebecca.Mitchell@ice.com\"><b>Rebecca.Mitchell@ice.com<br \/>\n<\/b><\/a><br \/>+44 7951 057 351<\/p>\n<p><b>ICE Investor Contact:<br \/>\n<\/b><br \/>Katia Gonzalez<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:katia.gonzalez@ice.com\"><b>katia.gonzalez@ice.com<br \/>\n<\/b><\/a><br \/>+1 (678) 981-3882<\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Banking Natural Resources Professional Services Forest Products<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230913585926\/en\/411456\/3\/ICE_R_colour.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation LONDON&#8211;(BUSINESS WIRE)&#8211; Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, and home to the largest soft commodity futures and options markets in the world, today announced that ICE Benchmark Administration Limited (IBA) is collaborating with Meridia Land B.V (Meridia), an agricultural technology company specializing in the verification of farm origin and supply chain data, to launch the ICE Commodity Traceability (ICE CoT) service. ICE CoT is a technology platform designed to maintain the frictionless trade of physical cocoa and coffee by supporting these industries\u2019 compliance with the European Union\u2019s Deforestation Regulation &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-783729","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation LONDON&#8211;(BUSINESS WIRE)&#8211; Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, and home to the largest soft commodity futures and options markets in the world, today announced that ICE Benchmark Administration Limited (IBA) is collaborating with Meridia Land B.V (Meridia), an agricultural technology company specializing in the verification of farm origin and supply chain data, to launch the ICE Commodity Traceability (ICE CoT) service. ICE CoT is a technology platform designed to maintain the frictionless trade of physical cocoa and coffee by supporting these industries\u2019 compliance with the European Union\u2019s Deforestation Regulation &hellip; Continue reading &quot;ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-13T12:49:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230913585926r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation\",\"datePublished\":\"2023-09-13T12:49:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\\\/\"},\"wordCount\":937,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230913585926r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\\\/\",\"name\":\"ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation - 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(NYSE: ICE), a leading global provider of data, technology and market infrastructure, and home to the largest soft commodity futures and options markets in the world, today announced that ICE Benchmark Administration Limited (IBA) is collaborating with Meridia Land B.V (Meridia), an agricultural technology company specializing in the verification of farm origin and supply chain data, to launch the ICE Commodity Traceability (ICE CoT) service. ICE CoT is a technology platform designed to maintain the frictionless trade of physical cocoa and coffee by supporting these industries\u2019 compliance with the European Union\u2019s Deforestation Regulation &hellip; Continue reading \"ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-13T12:49:14+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230913585926r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation","datePublished":"2023-09-13T12:49:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/"},"wordCount":937,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230913585926r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ice-to-collaborate-with-meridia-to-launch-the-ice-commodity-traceability-service-to-support-commercial-trade-affected-by-the-eu-deforestation-regulation\/","name":"ICE to Collaborate with Meridia to launch the ICE Commodity Traceability Service to Support Commercial Trade Affected by the EU Deforestation Regulation - 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