Intercontinental Exchange, Inc. (NYSE:ICE) announced today that the global futures and options markets hit a record open rate of 87.2 million contracts on January 25, 2024, with ICE’s commodity futures and options markets hitting a record open rate of 61 .5 million contracts.
ICE’s energy futures and options portfolio recorded record open interest of 56 million contracts on January 24, 2024, as ICE energy futures hit a record open interest of 33 million contracts, the highest since June 2021. fulfillment and ICE TTF natural gas options saw record open interest of 3.6 million contracts, up 93% year-on-year.
On January 18, 2024, ICE hit a streak of record one-day volume in its options markets, surpassing records last set in February 2017, including record volume of 1.8 million in commodity options, record volume of 1.7 million in energy options and record volume across all ICE natural gas options markets with 1.5 million contracts.
On the same day, ICE’s Henry Hub natural gas options hit a record volume of 1.4 million contracts, up 58% year-on-year. ICE’s Henry Hub market offers clients the most liquid markets to manage long-term exposure to US natural gas prices, with participants drawing on available liquidity through October 2033.
“As energy supply chains evolve and become more complex, record depth of liquidity and record trading activity demonstrate how clients are finding tremendous value in our truly global energy platform, which enables both flexibility and precision hedging in our benchmark derivatives.” said Trabue Bland. SVP, Futures Markets at ICE.
ICE’s global oil markets focus on ICE Brent, which is used to price three-quarters of the world’s international crude oil trade.