Record TTF Futures OI of more than 1.9 million
Murban Futures at Record OI of 52,148
LONDON & NEW YORK & SINGAPORE--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record Total Futures Open Interest of more than 47 million contracts on May 17, 2021.
ICE�s TTF natural gas futures contract reached an all-time open interest record of approximately 1.93 million contracts on May 17 and is up 20% year over year (�y/y�). Average daily volume (ADV) in TTF futures and options has grown over 40% per year on average since 2016. TTF ADV is approximately 127,000 contracts today, based on a 250 day average, reflecting the growth in trading activity as TTF is increasingly used by the market to provide a global gas price.
ICE Murban Crude Oil Futures hit record open interest of 52,148 contracts on May 17 on ICE�s newest exchange ICE Futures Abu Dhabi, which launched for trading on March 29.
In addition, ICE also saw strong open interest in JKM LNG (Platts) futures which are up 17% y/y; Environmental futures up 3% y/y; Sugar futures up 4% y/y; Coffee futures up 6% y/y; Cotton futures up 26% y/y; and Interest Rate futures up 31% y/y.
�These records reflect the extraordinarily deep liquidity which our global futures network offers to our customers,� said Ben Jackson, President of Intercontinental Exchange. �Whether the market is managing the world�s oil, gas, environmental, agricultural, equity derivatives or interest rates markets, our solutions and technology connect customers every day to a broad set of tools that help manage risk�.
ICE started by digitizing the energy markets to provide greater price transparency. Today, our global exchanges and clearing services connect participants across major asset classes. Built on a foundation of expertise, extensive and varied data sets and execution technology, our global network spans the financial system. We help market participants invest, hedge and raise capital with comprehensive market and reference data tools, supported by ICE�s trusted clearing risk frameworks.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
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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, 2020, as filed with the SEC on February 4, 2021.
ICE- CORP
Source: Intercontinental Exchange
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