, Oct. 24, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today announced that ICE Futures Europe reached an open interest record of 7,008 contracts in ICE Low Sulphur Gasoil futures on
October 23, 2013
. The previous volume record was 6,977 contracts on
July 5, 2012
Volumes for ICE Low Sulphur Gasoil related derivatives instruments, such as the ICE Low Sulphur Gasoil First Line crack vs Brent future, have seen increased growth in recent months with many related contracts achieving record volumes. On
October 4, 2013
, the ICE Low Sulphur Gasoil First Line crack vs Brent future traded a record 3,359 contracts (1,000/bbl lot equivalents).
ICE offers 13 related derivatives instruments for low sulphur gasoil futures and options. Total open interest for these related ICE Low Sulphur Gasoil derivatives instruments was 84 million barrels as at
October 18, 2013
, which is equivalent to around 113,000 Low Sulphur Gasoil contracts.
The ICE Low Sulphur Gasoil futures contract is based on a 0.001% sulphur (10 ppm) diesel barge specification, reflecting the underlying European middle distillate market which has moved towards a low sulphur grade in recent years. The existing ICE Gasoil futures contract, which is based on a higher sulphur specification of 0.1% (1,000ppm), will trade up to and including
IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated exchanges and clearing houses serving the risk management needs of global markets for agricultural, credit, currency, emissions, energy and equity index products.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2012
, as filed with the SEC on
February 6, 2013