Intercontinental Exchange Reports September and Third Quarter 2024 Statistics

Published 2 months ago via Business Wire

Record September Energy and Interest Rates ADV

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

“ICE began building a global multi-asset network of exchanges and markets over two decades ago, and this past quarter we witnessed record trading across commodities, specifically in our global energy markets, as well as interest rate derivatives,” said Ben Jackson, President of ICE. “Notably, Brent futures and options, used to price three quarters of the world’s internationally traded crude oil, traded at record quantities in the last quarter, solidifying its role as the global benchmark price for oil."

September highlights include:

  • Total average daily volume (ADV) up 29% y/y; open interest (OI) up 16% y/y
  • Record Energy ADV up 24% y/y; OI up 21% y/y
    • Total Oil ADV up 13% y/y; OI up 13% y/y
      • Brent ADV up 11% y/y; OI up 14% y/y, including record options OI of 3.6M lots on September 24
      • Record WTI ADV up 18% y/y; OI up 7% y/y
      • Gasoil ADV up 17% y/y; OI up 46% y/y, including record OI of 1.2M lots on September 17
      • Other Crude & Refined products ADV up 17% y/y; OI up 9% y/y
    • Total Natural Gas ADV up 45% y/y; OI up 24% y/y
      • North American Gas ADV up 50% y/y; OI up 21% y/y
      • Record TTF Gas ADV up 30% y/y; OI up 61% y/y
      • Record Asia Gas ADV up 110% y/y; OI up 60% y/y, including record OI of 142k lots on September 12
    • Total Environmentals ADV up 60% y/y; OI up 35% y/y
  • Total Ags & Metals ADV up 11% y/y
    • Sugar ADV up 26% y/y
    • Coffee ADV up 9% y/y
    • Cotton ADV up 17% y/y
  • Total Financials ADV up 40% y/y; OI up 14% y/y
    • Record total Interest Rates ADV up 50% y/y; OI up 18% y/y
      • SONIA ADV up 37% y/y, including record futures of 662k lots; OI up 45% y/y, including record futures OI of 2.5M lots on September 16
      • Euribor ADV up 49% y/y; OI up 5% y/y
      • Gilts ADV up 34% y/y; OI up 76% y/y
  • NYSE Cash Equities ADV up 12% y/y
  • NYSE Equity Options ADV up 33% y/y

Third quarter highlights include:

  • Total ADV up 28% y/y
  • Energy ADV up 23% y/y, including record futures of 3.7M lots
    • Total Oil ADV up 17% y/y, including record options of 267k lots
      • Record Brent ADV up 15% y/y
      • Record WTI ADV up 33% y/y
        • Record Midland WTI ADV up 134% y/y
      • Gasoil ADV up 13% y/y
      • Other Crude & Refined products ADV up 20% y/y
        • Record Murban ADV up 174% y/y
    • Total Natural Gas ADV up 33% y/y
      • North American Gas ADV up 39% y/y
      • TTF Gas ADV up 16% y/y
      • Asia Gas ADV up 37% y/y
    • Total Environmentals ADV up 52% y/y
  • Sugar ADV up 15% y/y
  • Coffee ADV up 8% y/y
  • Cotton ADV up 3% y/y
  • Total Financials ADV up 41% y/y,
    • Record total Interest Rates ADV up 50% y/y
      • SONIA ADV up 44% y/y
      • Euribor ADV up 47% y/y
      • Gilts ADV up 42% y/y
  • NYSE Cash Equities ADV up 11% y/y
  • NYSE Equity Options ADV up 32% 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

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