ICE Reports Record Total Futures and Options Open Interest of 84.5 Million Contracts

Fazzaco learned that Intercontinental Exchange, Inc.​, a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, announced record open interest of approximately 84.5 million contracts on May 21, 2021, surpassing the previous record set on March 12, 2020.

This record depth of liquidity across ICE’s markets is being driven by a broad range of products including:

Open interest across ICE’s global environmental complex is up 13% year-over-year (“y/y”) across futures and options, reflecting the importance of ICE’s leading environmental markets to price climate risk;

Interest Rate futures and options open interest is up 32% y/y. Open interest in Sterling and SONIA futures and options is up 56% y/y and more than 200% y/y, respectively; Euribor open interest is up 5% y/y; and open interest in ICE Gilt futures and options, the highly liquid market benchmark for UK Government Bonds, is up 47% y/y; and

Open interest in futures and options on FTSE Equity Indices is up 8% y/y.

Ben Jackson, President of Intercontinental Exchange, commented: “ICE’s global network connects our customers to some of the deepest and most liquid markets available across an incredible range of asset classes. Our solutions and technology provide our customers with the tools they need to effectively manage their risk whether they are seeking to hedge against interest rate moves, climate risk, equity indices, or changing commodity prices.”

Several days ago, Fazzaco reported ICE has made a strategic investment​ in BondLink, a financial technology company that provides cloud-based debt management software solutions to governments financing infrastructure in the $4 trillion municipal bond market.