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