ICE Reports Record Open Interest of Over 94 Million Contracts across Futures and Options including Record Open Interest in Energy and Commodities
April 29 2024 - 7:30AM
Business Wire
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of technology and data, today announced that its global
futures and options markets reached record open interest (OI) of
over 94 million contracts on April 24, 2024, up 26% year-over-year
(y/y), including record OI in commodities of 66.3 million and
record energy OI of 62 million, with energy up 30% (y/y).
“ICE has been focused on building a global commodities and
energy trading platform for over two decades, designed to serve the
needs of an evolving commercial customer base,” said Trabue Bland,
SVP, Futures Exchanges at ICE. “The record depths of liquidity
truly highlight the benefit our clients are finding in the
contracts we provide, that allow for both flexibility and precision
hedging across our benchmark derivatives products.”
OI across ICE’s global oil markets is up 30% y/y, with average
daily volume up 26% year-to-date. Brent options, the most liquid
crude oil options market in the world, has hit a series of OI
records in April 2024 beating the record last set in March 2020,
including a record 3.5 million contracts on April 24, 2024, up 51%
y/y. ICE’s Low Sulphur Gasoil contract is the global benchmark for
refined products and on April 25, 2024, Gasoil options hit record
OI of 191,400 contracts.
Meanwhile, ICE’s global natural gas futures and options markets
hit record OI of 41.3 million on April 24, 2024, up 34% y/y, with
ICE’s Henry Hub futures markets reaching record OI of 7.8 million
contracts and TTF natural gas futures and options hitting record OI
of 4.5 million, up almost 100% y/y.
Across ICE’s global environmental complex, open interest is up
43% since the start of the year. The price signals and liquidity
provided by ICE’s energy and environmental markets are at the heart
of helping companies transition to alternative forms of energy by
providing tools to allocate capital and manage the associated price
risk.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds and operates digital networks that
connect people to opportunity. We provide financial technology and
data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges
– including the New York Stock Exchange – and clearing
houses help people invest, raise capital and manage risk. We
offer some of the world’s largest markets to trade and clear energy
and environmental products. Our fixed income, data services
and execution capabilities provide information, analytics and
platforms that help our customers streamline processes and
capitalize on opportunities. At ICE Mortgage Technology, we
are transforming U.S. housing finance, from initial consumer
engagement through loan production, closing, registration and the
long-term servicing relationship. Together, ICE transforms,
streamlines and automates industries to connect our customers to
opportunity.
Trademarks 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 here. 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 “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 – Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" 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's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2023, as
filed with the SEC on February 8, 2024.
Category: EXCHANGES
ICE- CORP
Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20240429224724/en/
ICE Media Contact: Jess Tatham jess.tatham@ice.com
+44 7377 947136
ICE Investor Contact: Katia Gonzalez
katia.gonzalez@ice.com (678) 981-3882
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