IntercontinentalExchange reported that its ICE futures contracts volume reached 364,064 contracts this week, exceeding by 21.5% the prior daily record set on January 11, 2006 of 299,585, marking the first time that daily exchange volume has exceeded 300,000 contracts.
The record day included 45,962 contracts traded in ICE Futures’ ICE West Texas Intermediate (WTI) Crude futures contract, which was launched on Friday, February 3. The volume that day of 38,633 contracts represented the best first-day volume of any product in the exchange’s history. Open interest in ICE WTI Crude futures stood at 30,513 contracts at the close of trading on February 7.
Excluding ICE Futures’ recently launched WTI crude futures contract, exchange volume reached 318,102 contracts, exceeding the prior record by 6.2%. Exchange-wide open interest at the close of business stood at 721,434.
Also on Tuesday, the IPE Gas Oil futures contract recorded its second highest volume day, reaching 93,857 contracts compared to its most recent record of 94,646 contracts established January 11, 2006. Open interest in Gas Oil stood at 232,303 at the end of trading on February 7.