ICE Posts Record Futures Open Interest of 48.1 Million Contracts

The US futures exchange platform Intercontinental Exchange, Inc. (ICE) announced on yesterday that its futures open interest hit record of more than 48.1 million contracts on August 25, 2021.

Besides, the exchange reported record open interest of North American natural gas futures and options, which includes Henry Hub and U.S. Basis Markets contracts, of 23 million on August 25, raising by 10%, with open interest in Henry Hub futures and options up YoY 28% .

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Regarding TTF (Title Transfer Facility) natural gas futures and options, the volume increased by YoY 22% to almost 3.3 million contracts on August 25. The globalization of natural gas, which has contributed to the growth of TTF, has also led to the establishment of the Asian Gas Benchmark ICE JKM LNG (Platts) where open interest was up YoY 26%.

Open interest across ICE’s global environmental complex enjoyed up YoY 21% across futures and options, as participants use these markets to price climate risk. And EUA (European Union Allowances) futures and options open interest grew by YoY 28%.

As the market manages changes in interest rates, open interest in Interest Rate futures and options increased by YoY 26% at approximately 29.5 million, with open interest in Sterling and SONIA futures and options up YoY 29% and more than YoY 200% respectively.

Furthermore, Euribor open interest enjoyed a YoY increase of 10%. And open interest in ICE Gilt futures and options, the highly liquid market benchmark for UK Government Bonds, was reported up YoY 53%.