Intercontinental Exchange , an electronic energy marketplace, reported new volume records at its ICE Futures subsidiary. On Wednesday, January 11, 2006, exchange-wide volume reached 299,585 contracts, exceeding the prior daily record set on August 10, 2005 at 295,501 contracts.
Also on Wednesday, volume in the IPE Gas Oil futures contract reached a daily record of 94,646 contracts. The previous daily record of 92,982 contracts was set December 9, 2005.
“Electronic trading has made energy markets more accessible to participants around the clock,” said Jeffrey C. Sprecher, chairman and CEO of ICE. “Yesterday’s records further demonstrate the demand for real-time risk management and price discovery on ICE.”