Intercontinental Exchange, Inc. (NYSE:ICE), the leading global data provider, released its report on futures open interest, noting that total average daily volume (ADV) for September rose 11% year over year. InterContinental Exchange also reported that total open interest (OI) posted a 9% rise in its annual reading.
According to the metrics, total energy ADV is up 23% for the period, while OI is up 8%. By sector drilling, Total Oil ADV indicated a 16% rise in September YoY, with Brent ADV up 25%, Gasoil ADV up 13%, and other crude and refined oil products ADV up 20% YoY. .
We saw high market activity across many asset classes in the third quarter as our clients manage their exposure to concerns including inflation leading to interest rate changes and rising gas and carbon prices in the energy markets. ICE’s global exchanges are designed to connect market participants and provide price transparency to allow them to manage their risks more efficiently and with greater certainty.
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The third quarter image showed that total average daily volume was up 18% from the annual reading, while total ADV was up 23%. Moreover, ADV US stock options saw a 33% increase year over year, InterContinental Exchange reported.
August futures metrics
In August metrics reported by finance polesThe Intercontinental Exchange hit a record with more than 48.1 million contracts on August 25. In addition, North American natural gas futures and options tested a record open interest of 23 million for the same period, up 10%. Also, open interest across ICE’s global environmental pool is up 21% year over year. Along the same lines, natural gas futures and options are up 22% annually, reaching nearly 3.3 million contracts on August 25.
