Intercontinental Exchange Reports February 2023 Statistics

Rhea-AI Summary

Intercontinental Exchange (NYSE:ICE) announced its February 2023 trading volume and revenue metrics, highlighting significant milestones in its derivatives markets. On February 22, it achieved a record open interest (OI) of 50.7M contracts across commodity futures and options. Key indicators include a 6% year-over-year increase in energy OI and notable growth in natural gas with a 14% rise in OI. Additionally, the company reported a 15% increase in average daily volume (ADV) for agriculture and metals. The announcement underscores ICE's robust market position and operational efficiencies.

Positive

• Record commodity futures and options open interest of 50.7M contracts on February 22.
• 6% year-over-year increase in energy open interest, including record OI of 46.8M contracts.
• Natural gas open interest up 14% year-over-year; ADV up 4% year-over-year.
• 15% year-over-year increase in total Ags & Metals ADV; sugar ADV up 27% year-over-year.

Negative

• None.

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today reported February 2023 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.

February highlights include:

• Record commodity futures and options open interest (OI) of 50.7M contracts on February 22
• Energy OI up 6% y/y, including record OI of 46.8M contracts on February 22
  • Total Natural Gas OI up 14% y/y
    • North American natural gas ADV up 4% y/y; OI up 18% y/y, including record U.S. basis futures OI of 10.1M contracts
• Total Ags & Metals ADV up 15% y/y; OI up 6% y/y
  • Sugar ADV up 27% y/y; OI up 12% y/y
  • Cocoa ADV up 7% y/y; OI up 5% y/y
  • Cotton ADV up 13% y/y
• Euribor OI up 20% y/y
• NYSE equity options ADV up 7% 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, 2022, as filed with the SEC on February 2, 2023.

Category: Corporate

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20230303005097/en/

ICE Investor Relations Contact:

Katia Gonzalez

+1 678 981 3882

katia.gonzalez@ice.com

investors@ice.com

ICE Media Contact:

Josh King

+1 212 656 2490

josh.king@ice.com

media@ice.com

Source: Intercontinental Exchange

FAQ

What were the February 2023 trading volumes for Intercontinental Exchange (ICE)?

In February 2023, ICE reported a record open interest of 50.7M contracts in commodity futures and options.

How much did the energy open interest increase year-over-year for ICE?

Energy open interest for ICE increased by 6% year-over-year.

What is the open interest for natural gas at ICE in February 2023?

The open interest for natural gas at ICE rose by 14% year-over-year.

What was the average daily volume change for Ags & Metals at ICE?

The average daily volume for Ags & Metals at ICE increased by 15% year-over-year.

When did ICE reach a record open interest in February 2023?

ICE reached a record open interest of 50.7M contracts on February 22, 2023.