ICE Reports Record Open Interest of Over 90 Million Contracts Across Total Futures and Options Markets
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 90.2 million contracts on February 15, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.8 million contracts on February 16, 2024.
ICE’s energy futures and options portfolio hit record open interest of 57 million contracts on February 16, 2024, with global natural gas futures and options recording record open interest of 38.5 million contracts.
On the same day, ICE TTF natural gas futures and options contracts hit record open interest of 3.9 million, up 92% year-over-year, as TTF options contracts reached record open interest of almost 2 million. ICE’s TTF contracts offer the most liquid markets to manage exposure to global natural gas prices as participants utilize the liquidity out to December 2032.
“Every day we are seeing our diverse customer base utilize the depth and breadth of ICE’s global energy benchmarks and the critical price signals they provide to manage changes in energy flows around the world,” said Trabue Bland, SVP, Futures Markets, ICE. “The open interest records in TTF underscore the significance of our contracts to the price formation of global natural gas and demonstrates how the market depends on ICE’s energy futures and options to reflect global fundamentals.”
Meanwhile, in traded volumes, ICE’s total options contracts hit record traded volume of 34.7 million in January 2024, beating the previous monthly record set in August 2011, while ICE’s commodity options traded a record 20.2 million contracts during the month.
ICE offers customers the most liquid markets to trade energy derivatives. ICE’s range of global natural gas benchmarks sit alongside ICE Brent, used to price three quarters of the world’s internationally traded crude oil, as well as the most liquid markets to trade environmental products, which 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, 2023, as filed with the SEC on February 8, 2024.
Category: EXCHANGES
ICE- CORP
Source: Intercontinental Exchange
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