ICE reports record number of open futures and options with record trading activity in global commodity markets

LONDON & AMSTERDAM & NEW YORK, January 29, 2024–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a global leader in technology and data, today announced that its global futures and options markets Open interest reached a record 87.2 million contracts as of January 25, 2024, with ICE's commodity futures and options markets reaching a record open interest of 61.5 million contracts.

ICE's energy futures and options portfolio recorded a record open interest value of 56 million contracts on January 24, 2024, while ICE's energy futures reached a record open interest value of 33 million contracts, the highest since June 2021. ICE TTF natural gas futures and options reached a record open interest of 3.6 million contracts, a 93% increase compared to the same period last year.

On January 18, 2024, ICE achieved a series of daily volume records in its options markets, surpassing records last set in February 2017, including record commodity options volume of 1.8 million, record energy options volume of 1.7 million, and record volume on the ICE natural gas options markets 1.5 million contracts. On the same day, ICE's Henry Hub natural gas options reached a record volume of 1.4 million contracts, up 58% year over year. ICE's Henry Hub market offers clients the most liquid markets to manage longer-term exposure to U.S. natural gas prices, with participants attracted by liquidity available through October 2033.

“As energy supply chains evolve and become more complex, record liquidity depth and trading activity demonstrate how customers are finding great value in our truly global energy platform, which enables both flexibility and precise hedging across all of our benchmark derivatives products,” said Trabue Bland, SVP , futures markets at ICE.

ICE hosts the most liquid markets for energy derivatives trading. ICE's global oil markets are centered on ICE Brent, which values ​​three-quarters of the world's crude oil traded. This market stands alongside the broadest range of benchmarks supporting natural gas markets as well as the most liquid markets for trading environmental products designed to help market participants achieve 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 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 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 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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