Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced record Total Futures Open Interest on February 19, 2021.
https://twitter.com/ICE_Markets/status/1364231633776304129
ICE’s Brent futures contract, which serves as the global benchmark for crude oil, reached an all-time Open Interest record of approximately 2.76 million contracts on February 19, exceeding the previous record set in April 2020. Approximately 80% of the world’s traded crude is priced relative to Brent.
ICE’s Three Month Short Sterling contract, which is the benchmark for managing UK interest rate risk, set a record for total Open Interest of more than 19.9 million contracts across Futures and Options on February 19.
“These records reflect the extraordinary depth of liquidity that our global futures network offers,” said Ben Jackson, President of Intercontinental Exchange. “From global interest rates, to energy markets, to environmental markets, our solutions and technology connects customers every day to an extensive range of efficient and transparent risk management tools.”
Source: ICE
