ICE Sees Record Futures Open Interest of 48 Million Contracts

Intercontinental Exchange, Inc. (ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, announced record total futures open interest of over 48 million contracts on July 27, 2021.

Open interest across ICE's global environmental complex hit a record 2.86 million contracts across futures and options on July 27, up 21% year-over-year (y/y), reflecting the importance of these markets in pricing climate risk. As part of this, the North American environmental complex hit record open interest of 1.13 million contracts on July 27 across futures and options. The number of participants trading ICE's global environmental markets increased by almost 30% over the past year.

In addition, open interest in ICE Low Sulphur Gasoil, the global benchmark for refined products, is up 21% y/y across futures and options.

ICE's global coffee benchmarks Arabica and Robusta are at record high open interest across futures and options of 713,764 and 952,524 respectively, as the market manages exposure to coffee price risk.

Open interest in Interest Rate futures and options is up 27% y/y, with open interest in Sterling and SONIA futures and options up 36% y/y and by more than 200% y/y, respectively; Euribor open interest is up 11% y/y; and open interest in ICE Gilt futures and options, the highly liquid market benchmark for UK Government Bonds, is up 38% y/y.

Fazzaco recently reported that ICE has posted its financial results for Q2 2021​, revealing a solid growth across all key metrics. Net revenues in the second quarter of 2021 increased by 22 percent to $1.7 billion compared to the same period in 2020.