ICE Reports Record Futures Open Interest of 47 Million Contracts Reflecting Depth of Liquidity Across Asset Classes
May 19 2021 - 8:00AM
Business Wire
Record TTF Futures OI of more than 1.9
million
Murban Futures at Record OI of
52,148
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global
provider of data, technology, and market infrastructure, today
announced record Total Futures Open Interest of more than 47
million contracts on May 17, 2021.
ICE’s TTF natural gas futures contract reached an all-time open
interest record of approximately 1.93 million contracts on May 17
and is up 20% year over year (“y/y”). Average daily volume (ADV) in
TTF futures and options has grown over 40% per year on average
since 2016. TTF ADV is approximately 127,000 contracts today, based
on a 250 day average, reflecting the growth in trading activity as
TTF is increasingly used by the market to provide a global gas
price.
ICE Murban Crude Oil Futures hit record open interest of 52,148
contracts on May 17 on ICE’s newest exchange ICE Futures Abu Dhabi,
which launched for trading on March 29.
In addition, ICE also saw strong open interest in JKM LNG
(Platts) futures which are up 17% y/y; Environmental futures up 3%
y/y; Sugar futures up 4% y/y; Coffee futures up 6% y/y; Cotton
futures up 26% y/y; and Interest Rate futures up 31% y/y.
“These records reflect the extraordinarily deep liquidity which
our global futures network offers to our customers,” said Ben
Jackson, President of Intercontinental Exchange. “Whether the
market is managing the world’s oil, gas, environmental,
agricultural, equity derivatives or interest rates markets, our
solutions and technology connect customers every day to a broad set
of tools that help manage risk”.
ICE started by digitizing the energy markets to provide greater
price transparency. Today, our global exchanges and clearing
services connect participants across major asset classes. Built on
a foundation of expertise, extensive and varied data sets and
execution technology, our global network spans the financial
system. We help market participants invest, hedge and raise capital
with comprehensive market and reference data tools, supported by
ICE’s trusted clearing risk frameworks.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate
exchanges, including the New York Stock Exchange, and
clearing houses that help people invest, raise capital and
manage risk across multiple asset classes. Our comprehensive fixed
income data services and execution capabilities provide
information, analytics and platforms that help our customers
capitalize on opportunities and operate more efficiently. At ICE
Mortgage Technology, we are transforming and digitizing the
U.S. residential mortgage process, from consumer engagement through
loan registration. Together, we transform, streamline and automate
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, 2020, as
filed with the SEC on February 4, 2021.
ICE- CORP Source: Intercontinental Exchange
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version on businesswire.com: https://www.businesswire.com/news/home/20210519005449/en/
ICE Media Contact: Rebecca Mitchell
rebecca.mitchell@ice.com +44 7951 057 351 ICE Investor
Contact: Mary Caroline O’Neal marycaroline.oneal@ice.com
(770) 738-2151
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