LONDON, 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 January 2015.About IntercontinentalExchangeIntercontinentalExchange (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. www.theice.com. The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Clear Credit, ICE Futures U.S., and ICE OTC. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml. 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. ICE-ENGY