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Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced that ICE Brent Crude futures achieved a daily volume record of 1,451,481 contracts on July 11, 2014. The previous daily volume record was 1,221,190 on June 23, 2011.
Year to date, total contract volume for ICE Brent futures is 80,878,738 contracts and open interest stands at 1,506,178 contracts as at July 11, 2014. Open interest reached record levels in June 2014.
Since 2012, ICE Brent has consolidated its role as the world’s largest and most globally relevant crude oil futures contract in terms of liquidity and volume traded. Introduced in 1988, the Brent futures contract has evolved to reflect changing market fundamentals and the hedging requirements of market participants across the globe.
In December 2013, after an extensive consultation with the trading community, ICE Futures Europe successfully transitioned Brent crude oil futures and options to a new 'month-ahead' expiry calendar.
