ICE Reports Record Futures Open Interest of 46.9 Million Contracts

Rhea-AI Summary

Intercontinental Exchange (NYSE:ICE) announced record Total Futures Open Interest on February 19, 2021, reaching approximately 2.76 million contracts for its Brent crude oil futures, the highest ever, surpassing the previous record from April 2020. Additionally, the Three Month Short Sterling contract set a record with over 19.9 million contracts across Futures and Options. These milestones demonstrate the robust liquidity of ICE's global futures network, enhancing risk management solutions in energy and interest rate markets.

Positive

• Record Total Futures Open Interest of 2.76 million contracts for Brent futures indicates strong market demand.
• Three Month Short Sterling contract achieved over 19.9 million contracts, reflecting increased interest in UK interest rate hedging.

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• None.

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced record Total Futures Open Interest on February 19, 2021.

ICE’s Brent futures contract, which serves as the global benchmark for crude oil, reached an all-time Open Interest record of approximately 2.76 million contracts on February 19, exceeding the previous record set in April 2020. Approximately 80% of the world’s traded crude is priced relative to Brent.

ICE’s Three Month Short Sterling contract, which is the benchmark for managing UK interest rate risk, set a record for total Open Interest of more than 19.9 million contracts across Futures and Options on February 19.

“These records reflect the extraordinary depth of liquidity that our global futures network offers,” said Ben Jackson, President of Intercontinental Exchange. “From global interest rates, to energy markets, to environmental markets, our solutions and technology connects customers every day to an extensive range of efficient and transparent risk management tools.”

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement.

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, 2020, as filed with the SEC on February 4, 2021.

ICE- CORP
Source: Intercontinental Exchange

View source version on businesswire.com: https://www.businesswire.com/news/home/20210223005564/en/

FAQ

What are the recent records set by Intercontinental Exchange (ICE)?

On February 19, 2021, ICE reported record Total Futures Open Interest for Brent futures at 2.76 million contracts and over 19.9 million contracts for the Three Month Short Sterling contract.

What does the record Open Interest for Brent futures signify?

The record Open Interest of 2.76 million contracts for Brent futures highlights strong market interest and liquidity, vital for global crude pricing.

How does ICE's Three Month Short Sterling contract impact UK interest rates?

The record Open Interest of over 19.9 million contracts in the Three Month Short Sterling contract indicates heightened activity in managing UK interest rate risk.

When did Intercontinental Exchange announce the record Open Interest?

ICE announced the record Open Interest on February 19, 2021.