02.07.2024

ICE Has Record ADV for Commodities, Energy & Total Options

02.07.2024
Easy Money Tamps Down Volatility

Intercontinental Exchange, a leading global provider of technology and data, reported January 2024 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.

January highlights include:

  • Total average daily volume (ADV) up 30% y/y, including record options of 1.6M lots; open interest (OI) up 20% y/y, including record OI of 87.3M lots on January 25
  • Record Energy ADV up 33% y/y; OI up 22% y/y, including record OI of 56.3M lots on January 25
    • Total Oil ADV up 31% y/y; OI up 25% y/y
      • Brent ADV up 14% y/y; OI up 6% y/y
      • WTI ADV up 59% y/y; OI up 50% y/y
      • Gasoil ADV up 49% y/y; OI up 50% y/y
      • Record Other Crude & Refined products ADV up 50% y/y; OI up 36% y/y
    • Total Natural gas ADV up 39% y/y, including record options of 646k lots; OI up 26% y/y, including record OI of 37.5M lots on January 25
      • North American gas ADV up 38% y/y; OI up 21% y/y
      • TTF gas ADV up 44% y/y; OI up 97% y/y, including record OI of 3.7M lots on January 25
      • Asia gas ADV up 76% y/y; OI up 33% y/y
    • Total Environmentals ADV up 9% y/y
  • Total Ags & Metals ADV up 8% y/y; OI up 23% y/y, including record OI of 5.4M lots on January 31
    • Sugar OI up 13% y/y
    • Record Cocoa ADV up 54% y/y; OI up 68% y/y, including record OI of 1.8M lots on January 31
    • Coffee OI up 7% y/y
  • Total Financials ADV up 29% y/y; OI up 14% y/y
    • Total Interest Rates ADV up 38% y/y; OI up 20% y/y
      • Record SONIA ADV up 61% y/y; OI up 108% y/y
      • Euribor ADV up 31% y/y; OI up 5% y/y

Source: ICE

Related articles

  1. Trading Europe From ‘Across the Pond’

    Cboe Europe Derivatives said this significantly improves the ability of retail to access derivatives.

  2. The exchange plans to list cash-settled index options on FTSE Russell’s indices.

  3. The initiative brings greater post-trade efficiencies as markets look to accelerate to a T+1 settlement cycle.

  4. New Emir Reporting Requirements Kick In

    The lack of standardized average price functionality across CCPs prevented trade processing on trade date.

  5. Buy Side Forced to Review Collateral Arrangements

    The regulator also advanced recommendations on Basel III endgame and variation margin processes.