Intercontinental Exchange, Inc. (NYSE:ICE) today announced that the global futures and options markets reached a record open interest of 86 million contracts on December 13, 2023, surpassing the last record set on June 10, 2021.
The record depth of liquidity includes record open interest in ICE’s global commodity futures and options markets of 57.5 million, record open interest of 52.7 million in ICE’s global energy futures and options markets, and record open interest of approx. 20 million contracts in ICE gas futures contracts. Open interest in ICE’s commodity and energy futures markets is up 21% year over year.
“Early on, ICE recognized the importance of building a truly global commodity and energy platform to serve the growing risk management needs of our commercial client base,” said Trabue Bland, SVP, Futures Markets at ICE. “This record depth of liquidity reflects how, as global commodity dynamics continue to become increasingly complex and diverse, clients continue to seek liquidity products and derivatives that enable more precise hedging across asset classes.”
ICE offers clients the most liquid markets for trading energy derivatives. ICE’s global oil portfolio covers over 700 futures and options, centered around ICE Brent which is used to price over three-quarters of the world’s international crude oil trade and is the most liquid crude oil futures market in the world.