LONDON & AMSTERDAM & NEW YORK–(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 of 87.2 million contracts on January 25, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.5 million contracts.
ICE’s energy futures and options portfolio recorded record open interest of 56 million contracts on January 24, 2024, as ICE’s energy futures hit record open interest of 33 million contracts, the highest since June 2021. ICE TTF natural gas futures and options hit record open interest of 3.6 million contracts, up 93% year-over-year (y/y).
On January 18, 2024, ICE reached a series of single day volume records in its options markets, surpassing records last set in February 2017, including record volume of 1.8 million in commodities options, record volume in energy options of 1.7 million, and record volume across ICE’s natural gas options markets of 1.5 million contracts. On the same day, ICE’s Henry Hub natural gas options hit record volume of 1.4 million contracts, up 58% y/y. ICE’s Henry Hub market offers customers the most liquid markets to manage longer term exposure to U.S. natural gas prices, with participants drawn to the liquidity available out to October 2033.
“As energy supply chains evolve and become more complex, the record depth of liquidity and record trading activity show how customers find huge value in our truly global energy platform which allows for both flexibility and precision hedging across our benchmark derivatives products,” said Trabue Bland, SVP, Futures Markets at ICE.
ICE is home to the most liquid markets to trade energy derivatives. ICE’s global oil markets are centered around ICE Brent, used to price three quarters of the world’s internationally traded crude oil. This market sits alongside the broadest range of benchmarks to support natural gas markets, as well as the most liquid markets to trade environmental products, designed to support market participants in meeting emissions reduction goals.
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, 2022, as filed with the SEC on February 2, 2023.
Category: EXCHANGES
ICE- CORP
Source: Intercontinental Exchange
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