AP NEWS
Click to copy
Press release content from Business Wire. The AP news staff was not involved in its creation.
Click to copy
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Intercontinental Exchange Announces Record Open Interest in Global Energy Futures

May 28, 2019

ATLANTA & NEW YORK--(BUSINESS WIRE)--May 28, 2019--

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced record open interest of over 29 million contracts in its global energy futures complex, on May 23, 2019. The record level of open interest held by market participants is being driven by ICE’s global oil and European natural gas futures business.

“As global energy markets continue to advance and evolve, open interest across our global energy futures complex is building,” said Ben Jackson, President of Intercontinental Exchange. “The diversity of our energy platform, which offers a suite of products spanning global oil, natural gas, power and environmental markets, is increasingly critical to the risk management and price of discovery needs of our customer base.”

Open interest records include:

As the world’s leading energy marketplace, ICE offers benchmark futures and options contracts across global markets, including oil (Brent, WTI and Platts Dubai), natural gas (Henry Hub, Dutch TTF, NBP and JKM LNG), power and emissions.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a Fortune 500 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 is the premier venue for raising capital 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, 2018, as filed with the SEC on February 7, 2019.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190528005183/en/

CONTACT: ICE Media Contact:

Damon Leavell

Damon.Leavell@theice.com

212-323-8587ICE Investor Contact:

Warren Gardiner

Warren.Gardiner@theice.com

770-835-0114

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA NEW YORK

INDUSTRY KEYWORD: ENERGY OIL/GAS PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Intercontinental Exchange, Inc.

Copyright Business Wire 2019.

PUB: 05/28/2019 08:30 AM/DISC: 05/28/2019 08:30 AM

http://www.businesswire.com/news/home/20190528005183/en

All contents © copyright 2019 The Associated Press. All rights reserved.