ICE Reports Record Open Interest of Over 94 Million Contracts across Futures and Options including Record Open Interest in Energy and Commodities

Rhea-AI Summary

Intercontinental Exchange, a global technology and data provider, reported a record open interest of over 94 million contracts in futures and options markets on April 24, 2024, increasing by 26% year-over-year. This record included commodities with 66.3 million contracts and energy with 62 million contracts, showing a 30% increase in energy. The company's focus on building a robust trading platform for commodities and energy has led to significant growth and liquidity in its markets. Open interest in oil markets surged by 30% year-over-year, with Brent options hitting record highs in April 2024. ICE's global natural gas and environmental markets also experienced substantial growth, providing essential price signals and liquidity for companies transitioning to alternative energy sources.

Positive

• Intercontinental Exchange achieved record open interest levels in its futures and options markets, signaling strong demand for its products.

• The company demonstrated robust growth in commodities and energy markets, with significant year-over-year increases in open interest.

• Brent options, a key market for crude oil, set new open interest records, showcasing the company's leadership in the industry.

• ICE's focus on building a global trading platform for commodities and energy has paid off, with record liquidity and client satisfaction.

• The company's natural gas and environmental markets experienced substantial growth, contributing to the transition to alternative energy sources.

Negative

• None.

LONDON & AMSTERDAM & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest (OI) of over 94 million contracts on April 24, 2024, up 26% year-over-year (y/y), including record OI in commodities of 66.3 million and record energy OI of 62 million, with energy up 30% (y/y).

“ICE has been focused on building a global commodities and energy trading platform for over two decades, designed to serve the needs of an evolving commercial customer base,” said Trabue Bland, SVP, Futures Exchanges at ICE. “The record depths of liquidity truly highlight the benefit our clients are finding in the contracts we provide, that allow for both flexibility and precision hedging across our benchmark derivatives products.”

OI across ICE’s global oil markets is up 30% y/y, with average daily volume up 26% year-to-date. Brent options, the most liquid crude oil options market in the world, has hit a series of OI records in April 2024 beating the record last set in March 2020, including a record 3.5 million contracts on April 24, 2024, up 51% y/y. ICE’s Low Sulphur Gasoil contract is the global benchmark for refined products and on April 25, 2024, Gasoil options hit record OI of 191,400 contracts.

Meanwhile, ICE’s global natural gas futures and options markets hit record OI of 41.3 million on April 24, 2024, up 34% y/y, with ICE’s Henry Hub futures markets reaching record OI of 7.8 million contracts and TTF natural gas futures and options hitting record OI of 4.5 million, up almost 100% y/y.

Across ICE’s global environmental complex, open interest is up 43% since the start of the year. The price signals and liquidity provided by ICE’s energy and environmental markets are at the heart of helping companies transition to alternative forms of energy by providing tools to allocate capital and manage the associated price risk.

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 U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange 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. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the 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: EXCHANGES

ICE- CORP

Source: Intercontinental Exchange

View source version on businesswire.com: https://www.businesswire.com/news/home/20240429224724/en/

ICE Media Contact:

Jess Tatham

jess.tatham@ice.com

+44 7377 947136

ICE Investor Contact:

Katia Gonzalez

katia.gonzalez@ice.com

(678) 981-3882

Source: Intercontinental Exchange