ICE Reports Record Futures Open Interest of 48 Million Contracts

Rhea-AI Summary

Intercontinental Exchange (NYSE:ICE) reported record total futures open interest exceeding 48 million contracts as of July 27, 2021. Open interest in its global environmental complex reached 2.86 million contracts, up 21% year-over-year, with significant growth in North American markets. Interest Rate futures enjoyed a 27% increase, while Sterling and SONIA futures surged by 36% and over 200%, respectively. Meanwhile, open interest in the ICE Low Sulphur Gasoil benchmark also grew by 21% year-over-year, reflecting heightened trading activity across various asset classes.

Positive

• Record total futures open interest of over 48 million contracts.
• Global environmental complex open interest rose by 21% year-over-year.
• North American environmental complex hit record open interest of 1.13 million contracts.
• Open interest in Interest Rate futures increased by 27% year-over-year.
• Significant increases in Sterling (36%) and SONIA (over 200%) futures open interest.

Negative

• None.

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record total futures open interest of more than 48 million contracts on July 27, 2021.

Open interest across ICE’s global environmental complex hit a record 2.86 million contracts across futures and options on July 27, up 21% year-over-year (“y/y”), reflecting the importance of these markets in pricing climate risk. As part of this, the North American environmental complex hit record open interest of 1.13 million contracts on July 27 across futures and options. The number of participants trading ICE’s global environmental markets increased by almost 30% over the past year.

In addition, open interest in ICE Low Sulphur Gasoil, the global benchmark for refined products, is up 21% y/y across futures and options.

ICE’s global coffee benchmarks Arabica and Robusta are at record high open interest across futures and options of 713,764 and 952,524 respectively, as the market manages exposure to coffee price risk.

Open interest in Interest Rate futures and options is up 27% y/y, with open interest in Sterling and SONIA futures and options up 36% y/y and by more than 200% y/y, respectively; Euribor open interest is up 11% y/y; and open interest in ICE Gilt futures and options, the highly liquid market benchmark for UK Government Bonds, is up 38% y/y.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate 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, 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/20210730005294/en/

FAQ

What is the latest open interest figure for Intercontinental Exchange (ICE)?

The latest total futures open interest for Intercontinental Exchange (ICE) is over 48 million contracts as of July 27, 2021.

How much did open interest in the global environmental complex increase?

Open interest in ICE's global environmental complex increased by 21% year-over-year, reaching 2.86 million contracts.

What was the increase in open interest for Interest Rate futures at ICE?

Open interest in Interest Rate futures and options increased by 27% year-over-year.

Did ICE’s Low Sulphur Gasoil open interest grow?

Yes, open interest in ICE Low Sulphur Gasoil increased by 21% year-over-year.

What record open interest did ICE achieve in coffee benchmarks?

ICE's Arabica and Robusta coffee benchmarks reached record open interest figures of 713,764 and 952,524 contracts, respectively.