Company Website:
http://www.theice.com
LONDON -- (Business Wire)
Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listing services,
today announced that the ICE Low Sulphur Gasoil futures contract
achieved a new open interest record of 1,004,645 contracts on 26
September, 2017, surpassing 1 million contracts for the first time. The
previous open interest record was 999,264 contracts on 25 September,
2017.
This record reflects an expanding diesel market and demonstrates a
strong growth in liquidity as market participants rely on ICE
Low Sulphur Gasoil to hedge exposure to diesel prices. The ICE
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
crude.
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 Exchange
Intercontinental
Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading
network of global futures,
equity and equity options exchanges, as well as global
clearing and data
services across financial and commodity markets. The New
York Stock Exchange is the world leader in capital raising, listings
and equities trading.
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 www.intercontinentalexchange.com/terms-of-use.
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, 2016, as filed with the SEC on February 7, 2017.
SOURCE: Intercontinental Exchange
ICE-CORP
View source version on businesswire.com: http://www.businesswire.com/news/home/20170927005929/en/
Contacts:
ICE Media Contact:
James Dunseath
+44 20 7382 8216
james.dunseath@theice.com
or
ICE
Investor Contact:
Warren Gardiner
+1 770 835 0114
Warren.Gardiner@theice.com
Source: Intercontinental Exchange
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