ICE Crude Futures Nearly Tops 40,000 On First Trading Day

IntercontinentalExchange reported that the ICE West Texas Intermediate crude futures contract posted the strongest first day trading volume last week, of any new contract in the exchange's history. Participants on the exchange traded 38,633 of the crude futures contracts on

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IntercontinentalExchange reported that the ICE West Texas Intermediate crude futures contract posted the strongest first-day trading volume last week, of any new contract in the exchange’s history.

Participants on the exchange traded 38,633 of the crude futures contracts on the ICE, the London-based futures subsidiary. Open interest at the close of business stood at 27,500 contracts.

“A broad range of customers encouraged ICE Futures to introduce this electronic contract following the successful transition of Brent to screen-based trading,” said David Peniket, president of ICE futures. “Traders can now enjoy the execution and capital efficiencies of having Brent and WTI crude contracts on one electronic platform and at one clearinghouse.”

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