Intercontinental Exchange, Inc. (NYSE: ICE), a data, technology, and market infrastructure firm, revealed trading statistics for October 2023. ICE's October trading performance showcased augmentation across various sectors, including energy, natural gas, and agriculture.

Brent and WTI Experience Growth in ADV and Open Interest

Total Average Daily Volume (ADV) saw a robust 15% year-on-year (Y-o-Y) increase, underlining a significant surge in trading activity and emphasizing sustained market participation. This heightened ADV showcases not only the market's vitality but also highlights the growing interest in ICE's offerings.

Open Interest, a crucial metric measuring outstanding contracts, displayed impressive growth of 3% Y-o-Y indicating a consistent and substantial interest in ICE's diverse range of products and services.

The energy sector demonstrated exceptional improvement, with Energy ADV soaring 37% Y-o-Y and Open Interest climbing 14% Y-o-Y. Notably, a record Open Interest of 51.5 million lots was reached on October 25 in this segment. Within the energy sector, Total Oil ADV surged by 43% Y-o-Y, accompanied by an increase of 26% Y-o-Y in Open Interest. This category encompasses various oil products, including Brent and WTI, both of which experienced significant growth in both Average Daily Volume and Open Interest.

Sugar and Cocoa Witness Open Interest Growth

Brent ADV witnessed a remarkable boost of 47% Y-o-Y, with Open Interest up 21% Y-o-Y. WTI ADV exhibited an impressive surge of 82% Y-o-Y, complemented by a growth of 28% Y-o-Y in Open Interest. Gasoil ADV advanced 27% Y-o-Y, and Open Interest saw a substantial rise of 42% Y-o-Y. Other Crude and Refined Products ADV recorded remarkable performance of 50% Y-o-Y, with Open Interest gaining 28% Y-o-Y.

The Total Natural Gas ADV witnessed a substantial development of 30% Y-o-Y, along with an advance of 14% Y-o-Y in Open Interest. Notably, a record future Open Interest of 19.8 million lots was achieved on October 26 in the natural gas sector.

North American Gas ADV demonstrated a boost of 12% Y-o-Y, with Open Interest escalating 11% Y-o-Y. TTF Gas ADV experienced an exceptional improvement of 141% Y-o-Y, accompanied by a significant elevation of 58% Y-o-Y in Open Interest. Asia Gas ADV pressed forward 22% Y-o-Y, with Open Interest up 19% Y-o-Y.

In the category of Agriculture and Metals, Open Interest surged 16% Y-o-Y, with a record Open Interest of 4.9 million lots reached on October 31. This category includes a range of products, with a remarkable uptick seen in Sugar OI, which increased 28% Y-o-Y, and Cocoa OI, which witnessed a notable boost of 49% Y-o-Y, including a record Open Interest of 1.7 million lots on October 27.

SONIA ADV showed strong performance with a raise of 11% Y-o-Y, coupled with a growth of 23% Y-o-Y in Open Interest. This segment reflects the appeal of interest rate derivatives within ICE's offerings.