10.04.2024

ICE Has Record Commodities, Interest Rate Derivatives Volume

10.04.2024
ICE Has Record Commodities, Interest Rate Derivatives Volume

Intercontinental Exchange, a leading global provider of technology and data, reported September 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

“ICE began building a global multi-asset network of exchanges and markets over two decades ago, and this past quarter we witnessed record trading across commodities, specifically in our global energy markets, as well as interest rate derivatives,” said Ben Jackson, President of ICE. “Notably, Brent futures and options, used to price three quarters of the world’s internationally traded crude oil, traded at record quantities in the last quarter, solidifying its role as the global benchmark price for oil.”

September highlights include:

  • Total average daily volume (ADV) up 29% y/y; open interest (OI) up 16% y/y
  • Record Energy ADV up 24% y/y; OI up 21% y/y
    • Total Oil ADV up 13% y/y; OI up 13% y/y
      • Brent ADV up 11% y/y; OI up 14% y/y, including record options OI of 3.6M lots on September 24
      • Record WTI ADV up 18% y/y; OI up 7% y/y
      • Gasoil ADV up 17% y/y; OI up 46% y/y, including record OI of 1.2M lots on September 17
      • Other Crude & Refined products ADV up 17% y/y; OI up 9% y/y
    • Total Natural Gas ADV up 45% y/y; OI up 24% y/y
      • North American Gas ADV up 50% y/y; OI up 21% y/y
      • Record TTF Gas ADV up 30% y/y; OI up 61% y/y
      • Record Asia Gas ADV up 110% y/y; OI up 60% y/y, including record OI of 142k lots on September 12
    • Total Environmentals ADV up 60% y/y; OI up 35% y/y
  • Total Ags & Metals ADV up 11% y/y
    • Sugar ADV up 26% y/y
    • Coffee ADV up 9% y/y
    • Cotton ADV up 17% y/y
  • Total Financials ADV up 40% y/y; OI up 14% y/y
    • Record total Interest Rates ADV up 50% y/y; OI up 18% y/y
      • SONIA ADV up 37% y/y, including record futures of 662k lots; OI up 45% y/y, including record futures OI of 2.5M lots on September 16
      • Euribor ADV up 49% y/y; OI up 5% y/y
      • Gilts ADV up 34% y/y; OI up 76% y/y
  • NYSE Cash Equities ADV up 12% y/y
  • NYSE Equity Options ADV up 33% y/y

Third quarter highlights include:

  • Total ADV up 28% y/y
  • Energy ADV up 23% y/y, including record futures of 3.7M lots
    • Total Oil ADV up 17% y/y, including record options of 267k lots
      • Record Brent ADV up 15% y/y
      • Record WTI ADV up 33% y/y
        • Record Midland WTI ADV up 134% y/y
      • Gasoil ADV up 13% y/y
      • Other Crude & Refined products ADV up 20% y/y
        • Record Murban ADV up 174% y/y
    • Total Natural Gas ADV up 33% y/y
      • North American Gas ADV up 39% y/y
      • TTF Gas ADV up 16% y/y
      • Asia Gas ADV up 37% y/y
    • Total Environmentals ADV up 52% y/y
  • Sugar ADV up 15% y/y
  • Coffee ADV up 8% y/y
  • Cotton ADV up 3% y/y
  • Total Financials ADV up 41% y/y,
    • Record total Interest Rates ADV up 50% y/y
      • SONIA ADV up 44% y/y
      • Euribor ADV up 47% y/y
      • Gilts ADV up 42% y/y
  • NYSE Cash Equities ADV up 11% y/y
  • NYSE Equity Options ADV up 32% y/y

Source: ICE

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