ICE Reports Record Trading Activity Across Total Futures and Options with Record Volumes Across Global Energy Markets
October 15 2024 - 8:00AM
Business Wire
Brent and Gasoil Reach New Volume Highs
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of technology and data, today announced that its total
futures and options markets reached record trading activity during
Q3 2024 with 517 million contracts traded during the quarter,
including a record 276 million energy futures and options.
“The development of ICE’s commodity and energy markets began
over 20 years ago, allowing us to offer customers a truly global
and interconnected platform of markets and data across asset
classes, all designed with liquidity, precision and flexibility for
managing and identifying risk,” said Trabue Bland, SVP of Futures
Markets at ICE.
Record trading during Q3 2024 includes a record 173.3 million
oil futures and options, the highest volume traded since Q1 2020.
ICE Brent traded at record quantities during the quarter with a
record 93.4 million futures and options traded, hitting record
average daily volume (ADV) of 1.5 million during Q3 2024. In
addition, Brent options hit record open interest of 3.77 million on
October 11, 2024. Open interest across Brent futures and options is
up 20% year-over-year (y/y) at 6 million contracts.
Meanwhile, ICE Gasoil, which sits at the center of middle
distillates trading as the global benchmark for refined oil
products, saw record trading in options during Q3 2024 with
approximately 344,000 contracts traded. Gasoil futures and options
hit record open interest of 1.3 million contracts on October 3,
2024, up over 60% y/y.
ICE is home to over 800 oil futures and options contracts
underpinned by the global benchmarks Brent and Gasoil. Other ICE
oil benchmarks which hit record highs during the third quarter
include ICE WTI futures and options with 23.7 million contracts
traded, ICE Midland WTI (HOU) futures which traded a record 1.6
million and ICE Murban futures which traded a record 1.9 million
contracts.
ICE’s energy markets include the broadest range of natural gas
benchmarks to support globalization of the fuel. These include the
global benchmark TTF, U.S. benchmark Henry Hub, Canadian benchmark
AECO, U.K. benchmark NBP, and the benchmark for North-East Asia,
ICE JKM LNG (Platts). Open interest across the complex is up 24%
y/y, with TTF futures and options hitting record ADV of over
400,000 contracts during September 2024, up 30% y/y.
Sitting alongside ICE’s energy markets are the most liquid
markets to trade environmental products, including EU Carbon
Allowance (EUA) futures and options, the world’s most liquid carbon
market, with volumes up over 40% y/y. Meanwhile, in Q3 2024, ICE’s
North American environmental complex saw record trading of 1.47
million contracts. Trading activity across global environmental
markets is up 42% year-to-date and open interest is up 35% y/y.
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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241015354981/en/
ICE Media: Jess Tatham jess.tatham@ice.com +44
7377 947136 ICE Investor Relations: Katia Gonzalez
katia.gonzalez@ice.com (678) 981-3882
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Nov 2024 to Dec 2024
Intercontinental Exchange (NYSE:ICE)
Historical Stock Chart
From Dec 2023 to Dec 2024