Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Brent reached record open interest of 6.4 million contracts on October 18, 2024, surpassing the record previously set in April 2020. Brent open interest is up 20% year-over-year (y/y) across futures and options.
In addition, ICE’s total oil options markets reached record open interest of approximately 6.4 million contracts on October 18, 2024. While ICE Low Sulphur Gasoil futures and options reached record open interest of 1.3 million contracts, up 67% y/y.
ICE Gasoil sits at the center of middle distillates trading as the global benchmark for refined oil products. Average daily volume (ADV) in Gasoil is up 24% y/y.
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