14:41 | 08.02.2018
Intercontinental Exchange Announces Record Daily Volume in Low Sulphur Gasoil Contract
Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced that the ICE Low Sulphur Gasoil contract
achieved a daily volume record of 876,011 contracts on 7 February, 2018.
The previous daily volume record was 766,054 contracts on 1 November
Gasoil futures complex includes a comprehensive range of oil
products, including 50 contracts that price as a differential to Low
Sulphur Gasoil including options, differentials and ‘cracks’ to Brent
Low Sulphur Gasoil is the benchmark for the global refined oil market,
playing the same pricing role for middle distillate oil as Brent plays
in providing pricing to the global crude oil market. Launched in 1981 to
help European oil refiners and producers hedge their exposure to price
fluctuations in refined oil products, ICE Gasoil is a physically
delivered futures contract.
About Intercontinental ExchangeIntercontinental
Exchange (NYSE: ICE) is a Fortune 500 and Fortune Future 50 company
formed in the year 2000 to modernize markets. ICE serves customers by
operating the exchanges, clearing
houses and information services they rely upon to invest, trade and
manage risk across global financial and commodity markets.
A leader in market data, ICE
Data Services serves the information and connectivity needs across
virtually all asset classes. As the parent company of the New
York Stock Exchange, the company raises more capital than any other
exchange in the world, driving economic growth and transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at http://www.intercontinentalexchange.com/terms-of-use.
Key Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation can
be accessed on the relevant exchange website under the heading “Key
Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 — Statements in this press release regarding ICE’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, 2017, as filed with the SEC on February 7, 2018.
SOURCE: Intercontinental Exchange
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