Intercontinental Exchange Reports March and First Quarter 2024 Statistics

By: Intercontinental Exchange via Business Wire

April 03, 2024 at 08:30 AM EDT

Record Q1 total Futures & Options ADV, including record Energy

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today reported March 2024 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.

“For over two decades, ICE has been building a global network of products across commodities and financial markets to deliver comprehensive risk management solutions for our customers as well as round the clock price transparency and capital efficiencies,” said Benjamin Jackson, President, at ICE. “The continued strength of our global energy complex, which saw record volume and open interest through the start of 2024, demonstrates the value our customers find from ICE’s platform to allow them to hedge their risk as supply chains become increasingly complex.”

March highlights include:

Total average daily volume (ADV) up 4% y/y; open interest (OI) up 20% y/y, including record OI of 93.7M lots on March 14
Energy ADV up 17% y/y; OI up 22% y/y, including record OI of 59.6M lots on March 22
- Total Oil ADV up 17% y/y; OI up 18% y/y
  - Brent ADV up 2% y/y; OI up 3% y/y
  - WTI ADV up 39% y/y; OI up 17% y/y
  - Gasoil ADV up 25% y/y; OI up 60% y/y, including record options OI of 177k lots on March 28
  - Record Other Crude & Refined products ADV up 49% y/y; OI up 27% y/y
    - Record Dubai ADV up 59% y/y; OI up 19% y/y, including record OI of 1.0M lots on March 28
    - Record Murban ADV up 152% y/y; OI up 20% y/y
- Total Natural Gas ADV up 18% y/y; OI up 26% y/y, including record OI of 40.2M lots on March 22
  - North American Gas ADV up 7% y/y; OI up 21% y/y, including record futures OI of 18.5M lots on March 22
  - TTF Gas ADV up 52% y/y; OI up 89% y/y, including record OI of 4.3M lots on March 25
  - Asia Gas ADV up 80% y/y; OI up 46% y/y
- Total Environmentals ADV up 32% y/y; OI up 15% y/y
Total Ags & Metals ADV up 2% y/y; OI up 7% y/y
- Cocoa ADV up 13% y/y; OI up 28% y/y
- Coffee ADV up 13% y/y; OI up 9% y/y
- Cotton ADV up 13% y/y; OI up 8% y/y
Total Financials OI up 20% y/y
- Total Interest Rates OI up 29% y/y
  - SONIA ADV up 40% y/y; OI up 191% y/y
  - Euribor OI up 3% y/y
NYSE Equity Options ADV up 13% y/y

First quarter highlights include:

Record total ADV up 16% y/y
Record Energy ADV up 27% y/y
- Total Oil ADV up 23% y/y
  - Brent ADV up 9% y/y
  - Record WTI ADV up 51% y/y
  - Gasoil ADV up 31% y/y
  - Record Other Crude & Refined products ADV up 47% y/y
    - Record Dubai ADV up 58% y/y
    - Record Murban ADV up 123% y/y
- Total Natural Gas ADV up 34% y/y, including record options of 570k lots
  - North American Gas ADV up 28% y/y, including record options of 501k lots
  - Record TTF Gas ADV up 54% y/y
  - Record Asia Gas ADV up 85% y/y
- Total Environmentals ADV up 22% y/y
Total Ags & Metals ADV up 11% y/y
- Record Cocoa ADV up 47% y/y
- Cotton ADV up 33% y/y, including record futures of 54.9k lots
Total Financials ADV up 5% y/y
- Total Interest Rates ADV up 10% y/y
  - Record SONIA ADV up 41% y/y
NYSE Equity Options ADV up 7% y/y

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, 2023, as filed with the SEC on February 8, 2024.

Category: Corporate

SOURCE: Intercontinental Exchange

ICE-CORP