Intercontinental Exchange, Inc. (NYSE:ICE) today announced record liquidity in global natural gas futures markets, including record open interest in the ICE Henry Hub natural gas futures market.
On December 18, 2023, ICE reached a record open interest of 20.2 million in global natural gas futures markets. This includes a record open interest of 17.9 million across all North American natural gas futures and a record open interest of 7.6 million in the ICE Henry Hub natural gas futures market, surpassing the last record set at ICE Henry Hub on April 24, 2013.
“The customer benefits of ICE’s focus on building a truly global energy platform, supported by such a broad range of liquid benchmarks across the energy spectrum, is resulting in more customers choosing ICE’s markets to manage their complexity of risk management needs’. said Trabue Bland, SVP, Futures Markets at ICE. “Clients are increasingly recognizing the significant margin offsets available when trading and clearing their global exposure to natural gas and broader energy on ICE, helping to create dynamic liquidity and efficient capital transactions.”
ICE offers the broadest range of benchmarks to support natural gas markets, including ICE’s TTF Global Gas Benchmark and TTF 1st Line Support Contract, US Henry Hub Gas Benchmark, Canadian AECO Gas Benchmark , the UK natural gas benchmark NBP and ICE JKM LNG (Platts), the benchmark natural gas price for Northeast Asia. Through the ICE Henry Hub futures contracts, ICE offers clients the most liquid markets to manage long-term exposure to US natural gas prices, with participants drawn from available liquidity through October 2033.
Open interest in the total ICE futures and options markets hit a record 86.5 million contracts on December 14, 2023, while on December 15, 2023, ICE’s global commodity futures and options markets reached a record open interest of approximately 58 million and ICE’s global energy futures and options markets reached a record open rate of 53.2 million. ICE offers clients the world’s most liquid markets for trading energy derivatives.