IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace and soft commodity exchange, announced that its ICE Futures subsidiary and its New York Board of Trade (NYBOT) subsidiary both established new daily volume records on Friday, a traditionally light trading day leading into the U.S. Memorial Day holiday weekend.
On Friday, May 25, ICE Futures established a new volume record of 5,608 contracts in the electronically traded ICE Middle East Sour Crude futures contract, launched last Monday, May 21. Volume has more than doubled since the first day of trading. The contract also set a new open interest record on Monday, May 28, of 3,023 contracts.
At NYBOT, electronic trading in the soft commodity futures contracts reached a new high of 193,695 contracts, surpassing the previous record on May 15 of 164,064 contracts by more than 18%.
In addition, a new daily record in NYBOT Sugar No. 11SM of 164,708 electronically traded futures contracts was established, surpassing the prior record of 140,750 contracts traded on May 15.
On Friday, 78% of NYBOT’s soft commodity futures contracts were traded electronically on the ICE platform, compared to approximately 60% in April. ICE successfully introduced side-by-side trading for NYBOT’s soft commodity contracts on February 2, 2007. Contracts offered include futures based on cocoa, coffee, cotton, orange juice and sugar. NYBOT has announced that it will introduce electronic trading for the U.S. Dollar Index® (USDX) and the Russell 1000® full- and mini-sized indexes on June 15.
