Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced that the Dutch TTF Gas futures contract
achieved record volume in futures for October, and hit a new record for
Open Interest (OI).
In October, a total of 749 TWh, equating to 1,029,021 lots of TTF
Futures, were traded during the month, an increase of 17% compared to
the previous record of September 2018 where 642 TWh traded (877,477
lots). The previous TTF OI record of 753,018 lots set on 19 June 2018
was beaten by a new record of 754,669 lots on 26 October. ICE reports OI
net in line with standard industry practice.
TTF is the most liquid natural gas trading hub in Europe alongside UK
NBP. This record volume reflects Europe’s role as the balancing market
for LNG and TTF’s growing importance as a global gas benchmark. As spot
shipping rates increased, LNG cargoes headed for Europe and the spread
between TTF and JKM tightened.
In Europe, ICE is the most liquid on-exchange marketplace for trading
and hedging through the NBP and TTF futures contracts. These are part of ICE’s
global natural gas complex, which includes the North American
natural gas basis markets, Henry Hub futures and ICE JKM LNG (PLATTS),
which has become the benchmark for natural gas in the Asian region. ICE
offers the broadest range of natural gas benchmarks across the US,
Canada, Europe and Asia.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 and Fortune
Future 50 company formed in the year 2000 to modernize markets. ICE
serves customers by operating the exchanges, clearing houses and
information services they rely upon to invest, trade and manage risk
across global financial and commodity markets. A leader in market data,
ICE Data Services serves the information and connectivity needs across
virtually all asset classes. As the parent company of the New York Stock
Exchange, the company raises more capital than any other exchange in the
world, driving economic growth and transforming markets.
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 at http://www.intercontinentalexchange.com/terms-of-use.
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, 2017, as filed with the SEC on February 7, 2018.
ICE-CORP
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Copyright Business Wire 2018
Source: Business Wire
(November 6, 2018 - 10:36 AM EST)
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