Intercontinental Exchange, Inc. (NYSE:ICE) today announced record liquidity in its global natural gas futures markets, including record open interest in the ICE natural gas futures market Henry Hub.
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 and more customers to 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 reference price for natural gas 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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