Intercontinental Exchange Reports August 2024 Statistics

Rhea-AI Summary

Intercontinental Exchange (NYSE:ICE) reported strong trading volume and revenue statistics for August 2024. Total average daily volume (ADV) increased by 29% year-over-year, with open interest (OI) up 16%. Notable highlights include:

- Energy ADV rose 23% with OI up 22%
- Total Oil ADV increased 21% with OI up 14%
- Total Natural Gas ADV grew 23% with OI up 26%
- Total Financials ADV surged 47% with OI up 11%
- NYSE Cash Equities ADV increased 13%
- NYSE Equity Options ADV rose 27%

Several products achieved record open interest, including WTI futures, Gasoil, North American Gas futures, TTF Gas futures, and SONIA futures. These results demonstrate ICE's strong performance across various asset classes and geographic regions.

Positive

• Total average daily volume (ADV) increased by 29% year-over-year
• Open interest (OI) grew by 16% year-over-year
• Energy ADV rose 23% with OI up 22%
• Total Oil ADV increased 21% with OI up 14%
• Total Natural Gas ADV grew 23% with OI up 26%
• Total Financials ADV surged 47% with OI up 11%
• NYSE Cash Equities ADV increased 13%
• NYSE Equity Options ADV rose 27%
• Record open interest achieved in multiple products including WTI futures, Gasoil, and SONIA futures

Negative

• None.

Insights

Financial Analyst

Intercontinental Exchange's August 2024 trading statistics reveal robust growth across multiple asset classes, signaling strong market activity and increased investor participation. The 29% year-over-year increase in total average daily volume (ADV) and 16% growth in open interest (OI) indicate heightened trading enthusiasm and sustained market engagement.

Particularly noteworthy is the performance in the energy sector, with a 23% ADV increase and 22% OI growth. The record-breaking open interest in WTI futures (810k lots) and Gasoil (1.2M lots) suggests growing hedging activities and speculative interest in these commodities. The natural gas market's 23% ADV growth and 26% OI increase, coupled with record futures OI of 22.4M lots, reflect heightened volatility and trading opportunities in this sector.

The financial markets segment showed impressive growth, with a 47% increase in ADV and 11% in OI. The strong performance in interest rate products, particularly SONIA and Euribor, indicates increased focus on interest rate risk management amid global economic uncertainties. These figures suggest ICE is well-positioned to benefit from increased trading volumes and associated fees across its diverse product offerings.

Market Research Analyst

The August 2024 statistics from Intercontinental Exchange highlight significant growth trends across various market segments, reflecting broader economic and market dynamics. The substantial increase in energy trading volumes, particularly in oil and natural gas, suggests ongoing volatility in global energy markets, likely driven by geopolitical tensions and supply-demand imbalances.

The noteworthy growth in environmental products (51% ADV increase) indicates a rising interest in sustainability-linked financial instruments, aligning with global efforts to address climate change. This trend could present new revenue opportunities for ICE in the rapidly expanding ESG market.

In the equities space, the 13% increase in NYSE Cash Equities ADV and 27% growth in Equity Options ADV point to heightened stock market activity and increased use of options for risk management or speculative purposes. These figures suggest a continued robust appetite for equity-related products despite economic uncertainties.

Overall, ICE's diversified product mix appears to be serving the company well, allowing it to capitalize on various market trends and potentially mitigate risks associated with sector-specific downturns.

Tech Expert

Intercontinental Exchange's August 2024 statistics underscore the critical role of technology in facilitating increased trading volumes across multiple asset classes. The ability to handle a 29% year-over-year increase in total average daily volume demonstrates the scalability and robustness of ICE's trading infrastructure.

The record-breaking open interest figures in various products, such as WTI futures, Gasoil and SONIA futures, highlight the importance of efficient data management and real-time processing capabilities. These technological strengths are important for maintaining market integrity and providing a seamless trading experience during periods of high volatility and increased market participation.

Furthermore, the growth in complex products like equity options (27% ADV increase) and interest rate derivatives suggests that ICE's platforms are effectively supporting sophisticated trading strategies and risk management tools. This technological edge is likely contributing to ICE's ability to attract and retain traders across diverse market segments.

As trading volumes continue to grow, ICE's ongoing investments in technology infrastructure, data analytics and cybersecurity will be important to maintaining its competitive position and ensuring the reliability of its global marketplace.

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported August 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.

August highlights include:

• Total average daily volume (ADV) up 29% y/y; open interest (OI) up 16% y/y
• Energy ADV up 23% y/y; OI up 22% y/y
  • Total Oil ADV up 21% y/y; OI up 14% y/y
    • Brent ADV up 24% y/y; OI up 13% y/y
    • WTI ADV up 34% y/y; OI up 12% y/y, including record futures OI of 810k lots on August 12
    • Gasoil ADV up 5% y/y; OI up 50% y/y, including record OI of 1.2M lots on August 30
    • Other Crude & Refined products ADV up 26% y/y; OI up 10% y/y
  • Total Natural Gas ADV up 23% y/y; OI up 26% y/y, including record futures OI of 22.4M lots on August 27
    • North American Gas ADV up 25% y/y; OI up 22% y/y
    • TTF Gas ADV up 17% y/y; OI up 71% y/y, including record futures OI of 2.2M lots on August 29
    • Asia Gas ADV up 8% y/y; OI up 44% y/y
  • Total Environmentals ADV up 51% y/y; OI up 35% y/y
• Coffee ADV up 13% y/y; OI up 5% y/y
• Cotton ADV up 14% y/y
• Total Financials ADV up 47% y/y; OI up 11% y/y
  • Total Interest Rates ADV up 55% y/y; OI up 15% y/y
    • SONIA ADV up 56% y/y; OI up 63% y/y, including record futures OI of 2.4M lots on August 28
    • Euribor ADV up 50% y/y
    • Gilts ADV up 48% y/y; OI up 54% y/y
• NYSE Cash Equities ADV up 13% y/y
• NYSE Equity Options ADV up 27% y/y

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: Corporate

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20240905704749/en/

ICE Investor Relations Contact:

Katia Gonzalez

+1 678 981 3882

katia.gonzalez@ice.com

investors@ice.com

ICE Media Contact:

Damon Leavell

+1 212 323 8587

damon.leavell@ice.com

media@ice.com

Source: Intercontinental Exchange

FAQ

What was ICE's total average daily volume growth in August 2024?

Intercontinental Exchange (ICE) reported a 29% year-over-year increase in total average daily volume for August 2024.

How did ICE's Energy segment perform in August 2024?

ICE's Energy segment showed strong performance with Energy ADV up 23% year-over-year and open interest up 22% year-over-year in August 2024.

Did ICE achieve any record open interest levels in August 2024?

Yes, ICE achieved record open interest levels in several products, including WTI futures (810k lots on August 12), Gasoil (1.2M lots on August 30), and SONIA futures (2.4M lots on August 28).

What was the performance of ICE's NYSE Cash Equities and Equity Options in August 2024?

In August 2024, ICE's NYSE Cash Equities ADV increased by 13% year-over-year, while NYSE Equity Options ADV rose by 27% year-over-year.