Intercontinental Exchange Reports December, Fourth Quarter and Full Year 2023 Statistics

By: Intercontinental Exchange via Business Wire

January 04, 2024 at 08:30 AM EST

Total Futures & Options ADV +39% y/y in December; +10% y/y in 2023

Record annual volume across Brent, WTI and TTF gas

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today reported December, Fourth Quarter, and Full Year 2023 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

“ICE began investing in the globalization of commodity markets decades ago, and our record performance through 2023 shows the value customers find in our global platform underpinned by deeply liquid benchmarks across asset classes,” said Ben Jackson, President of ICE. “ICE’s commodity and energy complex reached volume and open interest records throughout the year, with our Brent, WTI, TTF, and agricultural markets each trading at record levels in 2023, reflecting the core role ICE’s derivative markets play in helping our global customer base manage their risk in the face of ever more complex supply chain dynamics.”

Highlights include:

Total open interest (OI) up 18% y/y, including record OI of 86.5M lots on December 14; average daily volume (ADV) up 39% y/y in December, up 26% y/y in 4Q23 and up 10% y/y in 2023
Energy OI up 21% y/y, including record OI of 53.7M lots on December 22; ADV up 38% y/y in December, up 35% y/y in 4Q23 and record ADV in 2023 up 18% y/y
- Total Oil OI up 28% y/y; ADV up 31% y/y in December, up 32% y/y in 4Q23 and record ADV in 2023 up 19% y/y
  - Brent OI up 13% y/y; ADV up 20% y/y in December, up 27% y/y in 4Q23 and record ADV in 2023 up 16% y/y
  - WTI OI up 53% y/y; ADV up 49% y/y in December, up 55% y/y in 4Q23 and record ADV in 2023 up 27% y/y
  - Gasoil OI up 38% y/y; ADV up 33% y/y in December, up 30% y/y in 4Q23 and up 20% y/y in 2023
  - Other crude and refined products OI up 35% y/y; ADV up 51% y/y in December, up 46% y/y in 4Q23 and up 35% y/y in 2023
- Total natural gas OI up 23% y/y, including record futures OI of 20.6M lots on December 22; ADV up 48% y/y in December, up 41% y/y in 4Q23 and up 17% y/y in 2023
  - North American gas OI up 19% y/y, including record futures OI of 18.2M lots on December 22; ADV up 40% y/y in December, up 28% y/y in 4Q23 and up 7% y/y in 2023
  - TTF gas OI up 89% y/y; ADV up 97% y/y in December, record ADV in 4Q23 up 116% y/y and record 2023 ADV up 66% y/y
  - Asia gas OI up 20% y/y; ADV up 65% y/y in December, up 51% y/y in 4Q23 and up 17% y/y in 2023
- Total environmentals ADV up 29% y/y in December, up 20% y/y in 4Q23 and up 2% y/y in 2023
Total Ags & Metals OI up 25% y/y; ADV up 59% y/y in December, up 13% y/y in 4Q23 and record 2023 ADV up 16% y/y
- Sugar OI up 17% y/y; ADV up 96% y/y in December, up 16% y/y in 4Q23 and record 2023 ADV up 21% y/y
- Cocoa OI up 74% y/y; ADV up 23% y/y in December, up 7% y/y in 4Q23 and record ADV in 2023 up 14% y/y
- Coffee OI up 13% y/y; ADV up 53% y/y in December, up 16% y/y in 4Q23 and up 9% y/y in 2023
Total Financials OI up 10% y/y; ADV up 39% y/y in December and up 17% y/y in 4Q23
- Total interest rates OI up 15% y/y; ADV up 56% y/y in December, up 26% y/y in 4Q23 and up 4% y/y in 2023
  - SONIA OI up 90% y/y; ADV up 115% y/y in December, up 60% y/y in 4Q23 and record 2023 ADV up 29% y/y
  - Euribor OI up 3% y/y; ADV up 48% y/y in December and up 18% y/y in 4Q23
NYSE equity options ADV up 14% y/y in December, up 3% y/y in 4Q23 and up 4% y/y in 2023

NYSE cash equities ADV up 19% y/y in December

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

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 here. 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, 2022, as filed with the SEC on February 2, 2023.

Category: Corporate

SOURCE: Intercontinental Exchange

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