ICE Futures Europe Sets Daily Volume and Open Interest Records in Low Sulphur Gasoil Related Contracts
Intercontinental Exchange (NYSE:ICE) , the leading global network of exchanges and clearing houses, announced today that ICE Futures Europe achieved a daily volume record in trade for ICE Low Sulphur Gasoil futures. A new total daily volume record for ICE Low Sulphur Gasoil futures across ‘G‘ and ‘ULS‘ code contracts was set on Friday, November 7, 2014 with 86,289 contracts traded. The previous total daily volume record of 67,110 contracts was established on October 14, 2014.
The two ICE Low Sulphur specification Gasoil futures contracts now represent over 45% of total open interest for Gasoil Futures at ICE Futures Europe, with open interest currently standing at a record 204,203 contracts.
In October 2014, ICE Low Sulphur Gasoil futures in the G and ULS contracts had two consecutive total daily volume records. This included the previous record reached on October 14, and the daily volume record set on October 13, with 38,346 contracts traded.
In May 2014, after an extensive market consultation, ICE Futures Europe announced that it would automatically extend the G contract beyond January 2015. The specification change of the G contract to 10ppm Low Sulphur Gasoil content, would take effect from the February 2015 contract month; and open interest in the existing Low Sulphur Gasoil futures (ULS) beyond February 2015 would also automatically transition of to the new G equivalent contracts on the effective date.
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SOURCE: Intercontinental Exchange
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