Intercontinental Exchange , Inc. (NYSE: ICE), a leading global provider of data, has published its report on futures open interest, noting that its total average daily volume (ADV) for September increased 11% on a yearly basis. Additionally, its total open interest (OI) posted a surge of 9% in a yearly reading, Intercontinental Exchange stated.
According to the metrics, total energy ADV was up 23% for the period, while its OI soared by 8%. By digging into the sectors, total Oil ADV pointed out a rally of 16% in September on a yearly basis, with Brent ADV showing a 25% increase, Gasoil ADV grew by 13%, and other crude and refined products ADV experienced a surge of 20%, all on a yearly basis.
“We’ve seen elevated market activity across numerous asset classes in the third quarter as our customers manage their exposure to concerns including inflation driving interest rate changes and rising gas and carbon prices in energy markets. ICE’s global exchanges were built to connect market participants and provide price transparency to allow them to manage their risk efficiently and with greater certainty,” Ben Jackson, President of Intercontinental Exchange, commented on the report.
The third quarter picture showed that the total average daily volume increased 18% on a yearly reading, while total energy ADV rallied by 23%. Moreover, US equity options ADV had a surge of 33% on a yearly basis, Intercontinental Exchange noted.
Futures Metrics in August
In the metrics for August reported by Finance Magnates, Intercontinental Exchange hit a record figure of over 48.1 million contracts on August 25. In addition, North American’s natural gas futures and options tested a record open interest of 23 million for the same period, which is up 10%. Furthermore, open interest across ICE’s global environmental complex was up 21% on a yearly basis. Along the same lines, TTF natural gas futures and options skyrocketed 22% yearly, reaching almost 3.3 million contracts on August 25.
