Intercontinental Exchange, Inc. (NYSE: ICE), a data, technology, and market infrastructure firm, revealed trading statistics for
October 2023. ICE’s October trading performance showcases growth across various
sectors, including energy, natural gas, and agriculture.
Total Average Daily Volume (ADV) increased by 15%
year-on-year (Y-o-Y), underlining a significant surge in trading activity and
emphasizing sustained market participation. This heightened ADV showcases the
market’s vitality and the interest in ICE’s offerings.
Open Interest displayed a noteworthy 3% Y-o-Y growth. Open
interest is a key metric that measures outstanding contracts, indicating a
continued and substantial interest in ICE’s range of products and services.
The energy sector demonstrated exceptional growth, with
Energy ADV soaring by 37% Y-o-Y and Open Interest climbing by 14% Y-o-Y.
Notably, a record Open Interest of 51.5 million lots was reached on October 25
in this segment.
Within the energy sector, Total Oil ADV surged by 43% Y-o-Y,
accompanied by a 26% Y-o-Y increase in Open Interest. This category encompasses
various oil products, including Brent and WTI, both of which experienced
significant growth in both Average Daily Volume and Open Interest.
Sugar and Cocoa Witness Open Interest
Growth
Brent ADV witnessed a remarkable 47% Y-o-Y increase, with
Open Interest up by 21% Y-o-Y. WTI ADV exhibited an impressive 82% Y-o-Y surge,
complemented by a 28% Y-o-Y growth in Open Interest. Gasoil ADV increased by
27% Y-o-Y, and Open Interest saw a substantial rise of 42% Y-o-Y. Other Crude
and Refined Products ADV recorded a remarkable 50% Y-o-Y growth, with Open
Interest surging by 28% Y-o-Y.
The Total Natural Gas ADV witnessed a substantial increase
of 30% Y-o-Y, along with a 14% Y-o-Y growth in Open Interest. Notably, a record
future Open Interest of 19.8 million lots was achieved on October 26 in the
natural gas sector.
North American Gas ADV demonstrated 12% Y-o-Y increase, with
Open Interest growing by 11% Y-o-Y. TTF Gas ADV experienced an exceptional 141%
Y-o-Y growth, accompanied by a significant 58% Y-o-Y surge in Open Interest. Asia
Gas ADV surged by 22% Y-o-Y, with Open Interest up by 19% Y-o-Y.
In the category of Agriculture and Metals, Open Interest surged
by 16% Y-o-Y, with a record Open Interest of 4.9 million lots reached on
October 31. This category includes a range of products, with remarkable growth
seen in Sugar OI, which increased by 28% Y-o-Y, and Cocoa OI, which witnessed a
notable surge of 49% Y-o-Y, including a record Open Interest of 1.7 million
lots on October 27.
SONIA ADV showed strong performance with an 11% Y-o-Y increase,
coupled with a 23% Y-o-Y growth in Open Interest. This segment reflects the
appeal of interest rate derivatives within ICE’s offerings.
Intercontinental Exchange, Inc. (NYSE: ICE), a data, technology, and market infrastructure firm, revealed trading statistics for
October 2023. ICE’s October trading performance showcases growth across various
sectors, including energy, natural gas, and agriculture.
Total Average Daily Volume (ADV) increased by 15%
year-on-year (Y-o-Y), underlining a significant surge in trading activity and
emphasizing sustained market participation. This heightened ADV showcases the
market’s vitality and the interest in ICE’s offerings.
Open Interest displayed a noteworthy 3% Y-o-Y growth. Open
interest is a key metric that measures outstanding contracts, indicating a
continued and substantial interest in ICE’s range of products and services.
The energy sector demonstrated exceptional growth, with
Energy ADV soaring by 37% Y-o-Y and Open Interest climbing by 14% Y-o-Y.
Notably, a record Open Interest of 51.5 million lots was reached on October 25
in this segment.
Within the energy sector, Total Oil ADV surged by 43% Y-o-Y,
accompanied by a 26% Y-o-Y increase in Open Interest. This category encompasses
various oil products, including Brent and WTI, both of which experienced
significant growth in both Average Daily Volume and Open Interest.
Sugar and Cocoa Witness Open Interest
Growth
Brent ADV witnessed a remarkable 47% Y-o-Y increase, with
Open Interest up by 21% Y-o-Y. WTI ADV exhibited an impressive 82% Y-o-Y surge,
complemented by a 28% Y-o-Y growth in Open Interest. Gasoil ADV increased by
27% Y-o-Y, and Open Interest saw a substantial rise of 42% Y-o-Y. Other Crude
and Refined Products ADV recorded a remarkable 50% Y-o-Y growth, with Open
Interest surging by 28% Y-o-Y.
The Total Natural Gas ADV witnessed a substantial increase
of 30% Y-o-Y, along with a 14% Y-o-Y growth in Open Interest. Notably, a record
future Open Interest of 19.8 million lots was achieved on October 26 in the
natural gas sector.
North American Gas ADV demonstrated 12% Y-o-Y increase, with
Open Interest growing by 11% Y-o-Y. TTF Gas ADV experienced an exceptional 141%
Y-o-Y growth, accompanied by a significant 58% Y-o-Y surge in Open Interest. Asia
Gas ADV surged by 22% Y-o-Y, with Open Interest up by 19% Y-o-Y.
In the category of Agriculture and Metals, Open Interest surged
by 16% Y-o-Y, with a record Open Interest of 4.9 million lots reached on
October 31. This category includes a range of products, with remarkable growth
seen in Sugar OI, which increased by 28% Y-o-Y, and Cocoa OI, which witnessed a
notable surge of 49% Y-o-Y, including a record Open Interest of 1.7 million
lots on October 27.
SONIA ADV showed strong performance with an 11% Y-o-Y increase,
coupled with a 23% Y-o-Y growth in Open Interest. This segment reflects the
appeal of interest rate derivatives within ICE’s offerings.
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- Source: https://www.financemagnates.com//institutional-forex/ices-october-report-a-15-surge-in-total-adv-and-the-radiance-of-the-energy-sector/
