Shares in Intercontinental Exchange, Inc. (NYSE:ICE) forged into the green first thing Tuesday. The company, a leading global provider of technology and data, announced that its total futures and options markets reached record trading activity during Q3 2024 with 517 million contracts traded during the quarter, including a record 276 million energy futures and options.
“The development of ICE’s commodity and energy markets began over 20 years ago, allowing us to offer customers a truly global and interconnected platform of markets and data across asset classes, all designed with liquidity, precision and flexibility for managing and identifying risk,” said Trabue Bland, SVP of Futures Markets at ICE.
Record trading during Q3 2024 includes a record 173.3 million oil futures and options, the highest volume traded since Q1 2020. ICE Brent traded at record quantities during the quarter with a record 93.4 million futures and options traded, hitting record average daily volume (ADV) of 1.5 million during Q3 2024. In addition, Brent options hit record open interest of 3.77 million on October 11, 2024. Open interest across Brent futures and options is up 20% year-over-year (y/y) at six million contracts.
ICE shares captured $1.98, or 1.2%, to $166.34.