About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

ICE Subsidiary IBA Partners with Space Intelligence to Launch Commodity Traceability Platform

Subscribe to our newsletter

ICE Benchmark Administration Limited (IBA), a subsidiary of Intercontinental Exchange, Inc., is collaborating with Space Intelligence, a nature mapping data provider, to introduce the ICE Commodity Traceability Service (ICE CoT). This is a new technology platform designed to streamline the trade of physical cocoa and coffee by automating the submission, storage, validation, and sharing of due diligence information required under the European Union’s Deforestation Regulation (EUDR). The EUDR aims to minimise the EU’s contribution to global deforestation by ensuring that specified goods entering or sold in the EU are “deforestation-free” and lawfully produced. Given that Europe is the largest market for cocoa and coffee globally, the regulation has significant implications for supply chains.

The partnership will see Space Intelligence’s geospatial mapping integrated into ICE CoT, identifying areas in cocoa and coffee-producing countries that have been deforested since December 31, 2020, and are ineligible for EUDR-compliant production. This data will be combined with ICE CoT’s farm and physical flow validation methods, leveraging geolocation and traceability information to support compliance across the supply chain.

The platform’s pilot phase began in June 2024, focusing on the validation of cocoa and coffee farm geolocation data to allow companies to upload farm plot coordinates and conduct a series of validation checks on the data. IBA also plans to pilot the validation of physical flow data, including the movement, merging, or splitting of cocoa and coffee parcels along the supply chain, alongside lawful production data.

IBA aims to launch ICE CoT by the end of 2024, subject to further testing, system and data availability, and any regulatory requirements.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Optimising cloud, marketplaces & managed data services

Date: 30 June 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Financial institutions are under mounting pressure to rethink how they source, manage and distribute market data. Rising data volumes, multi-cloud adoption and the operational demands of regulations such as DORA are exposing the limits of legacy infrastructure, and driving...

BLOG

Bigger is Better, Says Gresham CEO After Acquisition of S&P Global’s EDM Business

Gresham has finalised its acquisition of S&P Global’s EDM business as the data automation company expands to meet the growing and increasingly complex data needs of modern financial institutions. EDM, which supports more than US$12 trillion in assets, will sit alongside Gresham’s existing enterprise data management business, which was created with its merger with Alveo...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...