ICE Reaches Record Open Interest Across Global Energy Benchmark Brent Crude Futures and Options
Plus, Record Open Interest across Gasoil Futures and Options and Total Oil Options
In addition, ICE’s total oil options markets reached record open interest of approximately 6.4 million contracts on October 18, 2024. While ICE Low Sulphur Gasoil futures and options reached record open interest of 1.3 million contracts, up
“We know our customers are navigating extremely challenging market conditions this year and we appreciate their continued support and trust in our markets,” said Jeff Barbuto, Global Head of Oil Markets at ICE. “The oil markets on ICE were designed and developed by working closely with our customers to create contracts that fit their trading, risk management and liquidity needs through complex political and geopolitical landscapes, severe weather events and global security concerns. We’re proud to offer the biggest and most liquid oil markets in the world.”
Brent crude is the price barometer for three quarters of the world’s internationally traded crude oil. On October 15, 2024, total oil options hit record traded volume of over 593,800 contracts. On the same day, Brent options hit a trading record of nearly 542,000 contracts. ADV in ICE oil options is up
ICE’s energy complex includes the most liquid markets to trade global benchmarks across oil, natural gas and environmentals. Open interest across ICE’s global energy complex is up
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 major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming
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Category: EXCHANGES
ICE-CORP
Source: Intercontinental Exchange
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ICE Media:
Jess Tatham
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Source: Intercontinental Exchange
