ICE reports open interest of over 90 million contracts across all futures and options markets

LONDON & AMSTERDAM & NEW YORK, February 20, 2024–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets Open interest reached a record 90.2 million contracts on February 15, 2024, with ICE commodity futures and options markets reaching a record open interest of 61.8 million contracts on February 16, 2024.

ICE's energy futures and options portfolio reached a record open interest level of 57 million contracts on February 16, 2024, while its global natural gas futures and options reached a record open interest level of 38.5 Millions of contracts recorded.

On the same day, ICE TTF natural gas futures and options contracts reached a record open interest value of 3.9 million, a year-over-year increase of 92%, while TTF options contracts reached a record open interest value of reached almost 2 million. ICE's TTF contracts provide the most liquid markets to manage exposure to global natural gas prices as participants leverage liquidity through December 2032.

“Every day we see how our diverse customer base leverages 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. “TTF’s open positions underscore the importance of our contracts in global natural gas pricing and demonstrate how the market depends on ICE’s energy futures and options to reflect global fundamentals.”

In terms of traded volumes, ICE's total options contracts reached a record trading volume of 34.7 million in January 2024, surpassing 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 clients the most liquid markets for trading energy derivatives. ICE's global natural gas benchmarks include ICE Brent, which rates three-quarters of the world's crude oil traded, and the most liquid markets for trading environmental products, which help market participants meet emissions reduction targets.

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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 all major asset classes, helping our clients access business-critical workflow tools that increase transparency and efficiency. ICE's futures, stocks and options exchanges – including the New York Stock Exchange – and clearinghouses help people invest, raise capital and manage risk. We offer some of the world's largest markets for the trading and utilization of energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our clients streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming real estate financing in the U.S., from initial consumer onboarding, through loan origination, closing, registration, and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to create opportunities for our customers.

The trademarks of ICE and/or its subsidiaries include Intercontinental Exchange, ICE, ICE Block Design, NYSE and New York Stock Exchange. Information about other trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates can be found here. Key information documents for certain products covered by the EU Packaged Retail and Insurance Investment Products Regulation can be found on the relevant exchange's 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. A discussion of additional risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements can be found in ICE's filings with the Securities and Exchange Commission (SEC), including, but not limited to, 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: EXCHANGE

ICE CORP

Source: Intercontinental Exchange

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