Intercontinental Alternate, Inc. (NYSE:ICE) right this moment introduced a document third quarter for TTF with a document 18.7 million TTF futures and choices traded, equal to 13,598 Terawatt hours.
TTF additionally hit document common each day quantity (ADV) in the course of the third quarter of 296,782 throughout futures and choices, with ADV up 101% year-over-year (y/y).
ICE’s TTF market has grown strongly this 12 months with open curiosity up 54% y/y at 2.65 million contracts. ICE continues to hit information for market participation in TTF futures and choices, with hedging now out to December 2032.
“As the worldwide benchmark for pure fuel, ICE TTF sends worth indicators which prospects use to handle their pure fuel worth publicity, in addition to pricing the circulate of pure fuel in Europe and the influence of competitors with Asia for LNG,” mentioned Gordon Bennett, Managing Director of Utility Markets at ICE. “The robust progress in TTF throughout all liquidity metrics, in addition to the rise within the ahead curve in order that TTF now goes out so far as Henry Hub, reveals the success of TTF as a worldwide pure fuel market.”
ICE continues to see robust exercise in TTF Choices the place quantity is up over 200% y/y with open curiosity up 77% at 1.17 million.
Open curiosity throughout ICE’s international pure fuel portfolio, which incorporates ICE’s Henry Hub, TTF and TTF 1st line, AECO, NBP, and ICE JKM LNG (Platts) markets, is up 13% y/y at 30.2 million contracts. Pure fuel is one a part of ICE’s intensive commodity markets the place open curiosity is 51.7 million contracts, up 14% y/y.