LONDON & AMSTERDAM--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced record open interest of 2.71 million contracts in Brent Crude Oil futures and 2.21 million contracts in TTF futures and options. As of December 17, and on a year-over-year basis, Brent Crude Oil futures open interest is up 22% versus the prior year, while open interest across TTF futures and options is up 73%.
“With energy markets continuing to evolve and supply/demand fundamentals constantly changing, our deep and liquid oil and natural gas markets provide a valuable resource for customers seeking efficient price discovery and risk management,” said Stuart Williams, President of ICE Futures Europe.
With over two thirds of internationally traded crude oil pricing against the Brent complex, Brent Crude Oil acts as the cornerstone of ICE’s leading Global Oil complex and the foundation for over 600 related oil products including locational and refined spreads across 47 geographies. With ADV up 103% year to date, TTF is becoming increasingly internationalized and embedded across financial markets, cementing its status as a global benchmark for natural gas.
As the world’s leading energy marketplace, ICE offers benchmark futures and options contracts across global markets, including oil (Brent, WTI and Platts Dubai), refined products (ICE Heating Oil, RBOB Gasoline and NY Harbor ULSD), natural gas (Henry Hub, TTF, NBP and JKM LNG), power and emissions.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
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, 2018, as filed with the SEC on February 7, 2019.
SOURCE: Intercontinental Exchange