LONDON--(BUSINESS WIRE)--Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures Europe reached a daily volume record in trade for ICE Low Sulphur Gasoil futures. A new total daily volume record for ICE Low Sulphur Gasoil futures across ‘G’ and ‘ULS’ code contracts was set on Tuesday, October 14, 2014 with 67,110 contracts traded. The previous total daily volume record of 38,346 contracts was established Monday, October 13, 2014.
The two ICE Low Sulphur specification Gasoil futures contracts now represent approximately one third of total open interest for Gasoil Futures at ICE Futures Europe, with an open interest of 157,132 contracts as of today.
In May of this year, after an extensive market consultation, ICE Futures Europe announced that the Exchange would automatically extend the G contract beyond January 2015. The specification change of the G contract to 10ppm Low Sulphur Gasoil content, would take effect from the February 2015 contract month; and open interest in the existing Low Sulphur Gasoil futures (ULS) beyond February 2015 would also automatically transition of to the new G equivalent contracts on the effective date.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.
SOURCE: Intercontinental Exchange