Intercontinental
Exchange, Inc. (ICE) has released its trading volume and revenue statistics for
September 2023. These figures reflect ICE’s strong performance in various
sectors, particularly in energy and soft commodities markets.
Ben
Jackson, President of ICE, highlighted the company’s robust growth in trading
volumes and open interest, with a notable focus on the energy sector. He
attributed this success to ICE’s global energy benchmarks and the integration
of Midland WTI into the Brent basket.
Additionally,
ICE’s soft commodities markets have seen strong trading levels, driven by
factors such as El Nino’s impact on crop harvest assumptions and shifting risk
exposure in sugar, cocoa, and coffee markets.
In
September 2023, Intercontinental Exchange, Inc. (ICE) reported strong trading
performance, with total average daily volume (ADV) rising by 6% year-on-year
(y/y) and open interest (OI) increasing by 4% y/y.
The
energy sector notably surged, with a 30% y/y increase in ADV and a 14% y/y
growth in OI. Total Oil ADV exhibited remarkable growth at 48% y/y, along with
a 29% y/y increase in OI. Brent ADV saw a significant rise of 48% y/y, while
WTI ADV soared by an impressive 95% y/y, reaching a record futures OI of 720k
lots on September 12.
Gasoil
ADV grew by 34% y/y, and other crude and refined products ADV surged by 67%
y/y. In the natural gas segment, total ADV increased by 5% y/y, with a
corresponding 12% y/y growth in OI. TTF gas ADV witnessed a remarkable 118% y/y
growth, accompanied by a 52% y/y increase in OI.
Furthermore,
the Agricultural and Metals
(Ags & Metals) sector experienced a 7% y/y increase in ADV, coupled with a
17% y/y rise in OI. Sugar ADV expanded by 8% y/y, cocoa ADV by 7% y/y, and
coffee ADV by 5% y/y.
A
notable achievement was the record-setting SONIA ADV, which surged by 30% y/y,
with OI up by 31% y/y. These figures underscore ICE’s robust performance in
various market segments, highlighting its global leadership and strength in
energy and soft commodities markets.
Key Highlights of ICE’s Q3
Performance
In
the third quarter, ICE reported strong
performance across multiple segments. Total average daily volume (ADV) saw a
significant 8% year-on-year (y/y) increase, underlining ICE’s strong trading
activity.
The
Energy sector was a standout, with ADV surging by an impressive 30% y/y. Total
Oil ADV exhibited notable growth, rising by 40% y/y, driven by significant
increases in both Brent ADV and WTI ADV.
Natural gas also saw gains, with total ADV
rising by 15% y/y, and a remarkable record-setting surge in TTF gas ADV, which
skyrocketed by 101% y/y. The Agricultural and Metals (Ags & Metals) sector
experienced a 7% y/y increase in ADV, with notable growth observed in sugar, cocoa, and coffee ADV.
Furthermore,
ICE’s performance in the SONIA market was robust, with a 37% y/y increase in
ADV. Additionally, NYSE Equity Options ADV showed positive growth, rising by 5%
y/y.
These
figures underscore ICE’s continued strength in the global market, particularly
in energy and soft commodities, as well as its commitment to providing valuable
trading and infrastructure solutions.
Intercontinental
Exchange, Inc. (ICE) has released its trading volume and revenue statistics for
September 2023. These figures reflect ICE’s strong performance in various
sectors, particularly in energy and soft commodities markets.
Ben
Jackson, President of ICE, highlighted the company’s robust growth in trading
volumes and open interest, with a notable focus on the energy sector. He
attributed this success to ICE’s global energy benchmarks and the integration
of Midland WTI into the Brent basket.
Additionally,
ICE’s soft commodities markets have seen strong trading levels, driven by
factors such as El Nino’s impact on crop harvest assumptions and shifting risk
exposure in sugar, cocoa, and coffee markets.
In
September 2023, Intercontinental Exchange, Inc. (ICE) reported strong trading
performance, with total average daily volume (ADV) rising by 6% year-on-year
(y/y) and open interest (OI) increasing by 4% y/y.
The
energy sector notably surged, with a 30% y/y increase in ADV and a 14% y/y
growth in OI. Total Oil ADV exhibited remarkable growth at 48% y/y, along with
a 29% y/y increase in OI. Brent ADV saw a significant rise of 48% y/y, while
WTI ADV soared by an impressive 95% y/y, reaching a record futures OI of 720k
lots on September 12.
Gasoil
ADV grew by 34% y/y, and other crude and refined products ADV surged by 67%
y/y. In the natural gas segment, total ADV increased by 5% y/y, with a
corresponding 12% y/y growth in OI. TTF gas ADV witnessed a remarkable 118% y/y
growth, accompanied by a 52% y/y increase in OI.
Furthermore,
the Agricultural and Metals
(Ags & Metals) sector experienced a 7% y/y increase in ADV, coupled with a
17% y/y rise in OI. Sugar ADV expanded by 8% y/y, cocoa ADV by 7% y/y, and
coffee ADV by 5% y/y.
A
notable achievement was the record-setting SONIA ADV, which surged by 30% y/y,
with OI up by 31% y/y. These figures underscore ICE’s robust performance in
various market segments, highlighting its global leadership and strength in
energy and soft commodities markets.
Key Highlights of ICE’s Q3
Performance
In
the third quarter, ICE reported strong
performance across multiple segments. Total average daily volume (ADV) saw a
significant 8% year-on-year (y/y) increase, underlining ICE’s strong trading
activity.
The
Energy sector was a standout, with ADV surging by an impressive 30% y/y. Total
Oil ADV exhibited notable growth, rising by 40% y/y, driven by significant
increases in both Brent ADV and WTI ADV.
Natural gas also saw gains, with total ADV
rising by 15% y/y, and a remarkable record-setting surge in TTF gas ADV, which
skyrocketed by 101% y/y. The Agricultural and Metals (Ags & Metals) sector
experienced a 7% y/y increase in ADV, with notable growth observed in sugar, cocoa, and coffee ADV.
Furthermore,
ICE’s performance in the SONIA market was robust, with a 37% y/y increase in
ADV. Additionally, NYSE Equity Options ADV showed positive growth, rising by 5%
y/y.
These
figures underscore ICE’s continued strength in the global market, particularly
in energy and soft commodities, as well as its commitment to providing valuable
trading and infrastructure solutions.