Intercontinental Alternate, Inc. (NYSE:ICE) at present introduced that its international futures and choices markets reached file open curiosity of 86 million contracts on December 13, 2023, surpassing the file final set on June 10, 2021.
The file depth of liquidity consists of file open curiosity throughout ICE’s international commodity futures and choices markets of 57.5 million, file open curiosity of 52.7 million throughout ICE’s international power futures and choices markets, and file open curiosity of roughly 20 million contracts throughout ICE’s pure gasoline futures markets. Open curiosity throughout ICE’s commodity and power futures and choices markets is up 21% year-over-year.
“Early on, ICE acknowledged the significance of making a really international commodity and power platform to serve the rising threat administration wants of our industrial buyer base,” stated Trabue Bland, SVP, Futures Markets at ICE. “This file depth of liquidity displays how, as international commodity dynamics proceed to grow to be ever extra complicated and diverse, clients proceed to hunt out liquidity and spinoff merchandise that enable for extra exact hedging throughout asset courses.”
ICE presents clients essentially the most liquid markets to commerce power derivatives. ICE’s international oil complicated covers over 700 futures and choices contracts, centered round ICE Brent which is used to cost over three quarters of the world’s internationally traded crude oil and is essentially the most liquid crude oil futures and choices market on the planet.