ICE reports record liquidity in its global natural gas futures markets and record open interest in Henry Hub futures

NEW YORK & LONDON & AMSTERDAM, December 20, 2023–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today announced record liquidity levels across its business Natural gas futures markets, including record open interest in ICE's Henry Hub natural gas futures market.

On December 18, 2023, ICE reached a record open interest level of 20.2 million in its global natural gas futures markets. These include record open interest of 17.9 million in North American natural gas futures and record open interest of 7.6 million in ICE's Henry Hub natural gas futures market, which was last seen on April 24, 2013 in ICE surpasses the record set by Henry Hub.

“The customer benefits of ICE's focus on building a truly global energy platform, underpinned by such a broad range of liquid benchmarks across the energy spectrum, are driving more customers to choose ICE's markets “to address the complexity of their risk management needs,” said Trabue Bland, SVP, Futures Markets at ICE. “Customers are increasingly recognizing the significant margin exchanges that are possible when trading and clearing their global natural gas and broader energy exposure at ICE, helping to build momentum of liquidity and capital efficient trading.”

ICE offers the broadest range of benchmarks to support natural gas markets, including ICE's global natural gas benchmark TTF and supporting TTF 1st Line contract, US natural gas benchmark Henry Hub, Canadian natural gas benchmark AECO, UK Natural Gas Benchmark NBP from ICE and ICE JKM LNG (Platts), the benchmark natural gas price for Northeast Asia. Through ICE's Henry Hub Futures, ICE offers its customers the most liquid markets to manage longer-term exposure to U.S. natural gas prices, with participants attracted by liquidity available through October 2033.

Open interest in ICE's overall futures and options markets reached a record 86.5 million contracts on December 14, 2023, while on December 15, 2023, ICE's global commodity futures and options markets reached a record open interest of approximately 58 million and ICE's global energy futures and options markets reached a record open interest of 53.2 million. ICE offers clients the world's most liquid markets for trading energy derivatives.

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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 customer onboarding through loan origination, closing, registration, and long-term servicing relationships. 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 accessed 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 fiscal year ended December 31, 2022, filed with the SEC on February 2, 2023.

Category: EXCHANGE

ICE CORP

Source: Intercontinental Exchange

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