Investing.com -- Intercontinental Exchange, Inc. (NYSE: NYSE:ICE) recorded the highest commodities volume day in its history on Friday, January 10, 2025. On this day, ICE reported 9.1 million futures and options traded, which included a record 8.7 million energy futures and options, and 6.1 million oil futures and options.
Several of ICE’s oil benchmarks saw trading records on January 10, 2025. These included 999,000 Gasoil futures and options, 905,700 ICE WTI (Cushing) futures and options, 214,200 ICE Dubai (Platts) futures, and 104,400 ICE Murban futures.
Trabue Bland, SVP of Futures Markets at ICE, stated that the network of markets which ICE has carefully constructed over the last two decades has led to a truly global commodity platform. This allows customers to manage their risk exposure at the exact areas they need, benefitting from the liquidity they offer. This enables transparent price discovery and execution.
ICE provides customers with the most liquid markets to trade energy derivatives. ICE’s global oil complex includes over 800 futures and options contracts underpinned by the global benchmarks Brent and Gasoil. The open interest across ICE’s global commodities complex has risen 11% year-over-year to 63.2 million contracts. Additionally, the average daily trading activity has increased 26% year-to-date.
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