ICE Hits Record Futures Open Interest

Rate Hike May Nudge Vol Higher

Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced record Total Futures Open Interest on February 19, 2021.

ICE’s Brent futures contract, which serves as the global benchmark for crude oil, reached an all-time Open Interest record of approximately 2.76 million contracts on February 19, exceeding the previous record set in April 2020. Approximately 80% of the world’s traded crude is priced relative to Brent.

ICE’s Three Month Short Sterling contract, which is the benchmark for managing UK interest rate risk, set a record for total Open Interest of more than 19.9 million contracts across Futures and Options on February 19.

“These records reflect the extraordinary depth of liquidity that our global futures network offers,” said Ben Jackson, President of Intercontinental Exchange. “From global interest rates, to energy markets, to environmental markets, our solutions and technology connects customers every day to an extensive range of efficient and transparent risk management tools.”

Source: ICE

Related articles

  1. Buy Side Responds to Esma on Clearing Swaps

    Reasonable steps should be taken to make derivatives referencing €STR available to customers.

  2. Basel Committee Consults on Interest-Rate Risk

    LCH SwapAgent said trade highlights its coordination of the transition to risk free rates for non-cleared OTC ...

  3. Nasdaq has ambitions to launch futures on carbon removals as the market grows.

  4. Anticipated Ethereum Merge has increased demand to hedge risk on a regulated venue.

  5. From The Markets

    CME Launches Ether Options

    Interest in Ether derivatives is surging ahead of the upcoming Ethereum Merge.