ICE Announces That a Record 2 Billion Contracts Traded in 2024

Rhea-AI Summary

Intercontinental Exchange (NYSE: ICE) achieved record-breaking trading volumes in 2024, with 2 billion futures and options contracts traded across its platforms. This historic performance included:

- Record 1.2 billion commodity contracts, featuring unprecedented oil trading volumes of 655 million contracts, including 346 million Brent futures and options, and 92.8 million Gasoil contracts
- Record 404 million natural gas futures and options contracts, including 93 million ICE TTF contracts
- Record 753 million interest rate derivatives contracts, including 467 million Euribor and 186 million SONIA futures and options

ICE's comprehensive platform spans multiple assets and geographies, offering customers margin offsets for capital efficiency, with U.S. financial gas markets covering 70 hubs across North America.

Positive

• Achieved all-time high trading volume of 2 billion contracts in 2024
• Record commodity trading volume of 1.2 billion contracts
• Record oil trading with 655 million contracts
• Record natural gas trading with 404 million contracts
• Record interest rate derivatives volume of 753 million contracts

Negative

• None.

Insights

Financial Market Analyst

ICE's unprecedented trading volumes in 2024 represent a major milestone that directly impacts the company's revenue stream and market position. The record 2 billion contracts traded across futures and options markets translate into substantial transaction fees and clearing revenues for ICE.

Breaking down the numbers reveals impressive growth across key segments:

• Commodities: 1.2 billion contracts, with oil trading reaching 655 million contracts, including 346 million Brent futures and options
• Interest Rates: 753 million contracts, including 467 million Euribor and 186 million SONIA contracts
• Natural Gas: 404 million contracts, with significant activity in TTF and U.S. financial natural gas markets

For investors, these volumes are particularly significant because they indicate: 1) Strong market share retention in core products, 2) Increased trading activity that directly boosts ICE's transaction-based revenues and 3) Enhanced market liquidity that attracts more participants and creates a positive feedback loop for the exchange.

The record volumes in both energy and interest rate products demonstrate ICE's strong competitive position in two critical market segments. The expansion in natural gas trading, covering 70 hubs across North America, shows successful market development and geographic diversification. This breadth of coverage provides ICE with multiple revenue streams and helps insulate it from regional market fluctuations.

The impressive growth in interest rate derivatives trading, particularly in European benchmarks, reflects the market's response to monetary policy shifts and interest rate volatility. This positions ICE favorably to benefit from continued central bank activity and rate movements in 2025.

Includes Record 1.2 Billion Commodity Contracts and Record 753 Million Interest Rates Contracts

LONDON & NEW YORK & AMSTERDAM--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that a record 2 billion futures and options traded on ICE in 2024, marking the highest volume year in ICE’s history, including a record 1.2 billion commodity contracts and a record 753 million interest rate derivatives contracts.

ICE is home to the largest and most liquid energy derivatives markets in the world. 2024 marked the largest volume year for the number of oil contracts traded on ICE with a record 655 million oil futures and options contracts traded, including a record 346 million Brent futures and options, a record 92.8 million Gasoil futures and options contracts, 21 million ICE Dubai (Platts) futures and options contracts and 6 million ICE Murban futures contracts.

ICE’s global oil offering sits alongside the broadest range of benchmarks to support natural gas markets offering customers margin offsets for maximum capital efficiency when trading. 2024 saw record natural gas trading on ICE, with 404 million natural gas futures and options contracts traded, including a record 93 million ICE TTF futures and options contracts and a record 53 million U.S. financial natural gas futures and options contracts. ICE’s U.S. financial gas markets cover 70 hubs across North America allowing customers to manage regional supply and demand dynamics.

“We thank our customers for making 2024 the best year in ICE’s history by futures and options trading volume, which shows the scale of risk management which derivatives markets support,” said Trabue Bland, SVP of Futures Markets at ICE. “We have worked for over 25 years to build out the scope and depth of ICE’s multi-asset and multi-geography offering to allow for both flexibility and precision trading from wherever in the world customers choose to trade on ICE.”

Meanwhile, ICE’s multi-currency European, U.K. and Swiss interest rate markets, including the benchmarks Euribor, €STR, SONIA and SARON as well as Gilts, the benchmark for the U.K. government bond yield curve, reached record traded volume in 2024. This included a record 467 million Euribor futures and options contracts and a record 186 million SONIA futures and options contracts.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: EXCHANGES

ICE-CORP

Source: Intercontinental Exchange

View source version on businesswire.com: https://www.businesswire.com/news/home/20250122813250/en/

ICE Media:

Jess Tatham

jess.tatham@ice.com

+44 7377 947136



ICE Investor:

Katia Gonzalez

katia.gonzalez@ice.com

(678) 981-3882

Source: Intercontinental Exchange

FAQ

What trading volume records did ICE break in 2024?

ICE broke multiple trading records in 2024, including 2 billion total futures and options contracts, 1.2 billion commodity contracts, 753 million interest rate derivatives, and 655 million oil contracts.

How many Brent futures and options contracts were traded on ICE in 2024?

ICE traded a record 346 million Brent futures and options contracts in 2024.

What was ICE's natural gas trading volume in 2024?

ICE achieved record natural gas trading of 404 million futures and options contracts in 2024, including 93 million ICE TTF contracts and 53 million U.S. financial natural gas contracts.

How many Euribor futures and options contracts were traded on ICE in 2024?

ICE traded a record 467 million Euribor futures and options contracts in 2024.

How many North American gas hubs does ICE's U.S. financial gas markets cover?

ICE's U.S. financial gas markets cover 70 hubs across North America, allowing customers to manage regional supply and demand dynamics.