AP NEWS

Intercontinental Exchange Announces Further Record Trading in TTF Natural Gas and JKM LNG (Platts) Contracts

February 6, 2019

LONDON--(BUSINESS WIRE)--Feb 6, 2019--Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced further record trading in TTF Natural Gas and JKM LNG (Platts) contracts.

On January 30, 2019, TTF futures hit an open interest (OI) record of 1.04m lots. TTF futures and options combined achieved monthly volume of 952.4 TWh in January. Average daily volume (ADV) and OI in TTF futures and options combined are up 103% and 64%, respectively, in January 2019, versus January 2018.

JKM LNG (Platts) futures traded a record 25,605 lots in January, an increase of 22% compared to the previous record of 20,916 lots set in November 2018. JKM LNG (Platts) hit an OI record on February 4, 2019, of 26,928 lots. ADV and OI in JKM LNG (Platts) are up 176% and 123%, respectively, in January 2019, versus January 2018. ICE reports OI net in line with standard industry practice.

As announced in Circular 19/012, ICE will launch JKM LNG (Platts) Average Price Options on March 4, 2019, subject to the satisfactory conclusion of applicable regulatory processes.

“Europe’s vast energy infrastructure and geographical location allow it to provide a unique role as a balancing market for LNG. TTF and NBP are the two most liquid European natural gas benchmarks and, with its continued record trading activity, TTF is transforming into a global natural gas benchmark,” said Gordon Bennett, Managing Director, Utility Markets at Intercontinental Exchange. “JKM LNG (Platts) is one of the fastest growing natural gas benchmarks and has established itself as the most liquid Asian natural gas benchmark”.

As home to the broadest range of natural gas benchmarks, ICE plays a leading role in providing access to price transparency and data to allow the market to navigate and risk manage the globalization of natural gas and the ongoing transition in energy markets.

About Intercontinental Exchange

Intercontinental 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.

ICE-CORP

Source: Intercontinental Exchange

View source version on businesswire.com:https://www.businesswire.com/news/home/20190206005289/en/

CONTACT: ICE Media Contact:

Rebecca Mitchell

rebecca.mitchell@theice.com

+44 207 065 7804

media@theice.comICE Investor Relations Contact:

Warren Gardiner

+1 770 835 0114

warren.gardiner@theice.com

investors@theice.com

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Intercontinental Exchange

Copyright Business Wire 2019.

PUB: 02/06/2019 05:46 AM/DISC: 02/06/2019 05:45 AM

http://www.businesswire.com/news/home/20190206005289/en

AP RADIO
Update hourly