tiprankstipranks
The Fly

ICE: Global futures-options markets reached record OI on April 24 up 26% y/y

ICE: Global futures-options markets reached record OI on April 24  up 26% y/y

Intercontinental Exchange announced that its global futures and options markets reached record open interest OI of over 94M contracts on April 24 up 26% year-over-year y/y , including record OI in commodities of 66.3M and record energy OI of 62M , with energy up 30% y/y. “ICE has been focused on building a global commodities and energy trading platform for over two decades, designed to serve the needs of an evolving commercial customer base,” said Trabue Bland, SVP, Futures Exchanges at ICE. “The record depths of liquidity truly highlight the benefit our clients are finding in the contracts we provide, that allow for both flexibility and precision hedging across our benchmark derivatives products.” ..Across ICE’s global environmental complex, open interest is up 43% since the start of the year. The price signals and liquidity provided by ICE’s energy and environmental markets are at the heart of helping companies transition to alternative forms of energy by providing tools to allocate capital and manage the associated price risk

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com