IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported record daily volume in its Cocoa futures contract of 45,697 lots on June 7, 2011. The previous daily volume record of 45,618 contracts was established on November 9, 2010.
Year-to-date, average daily volume in Cocoa futures is 19,743 contracts, up more than 26% from a year ago. The ICE Futures U.S. Cocoa futures contract is the world benchmark for the global cocoa market, pricing physical delivery of exchange-grade cocoa from African, Asian and Central and South American origins to any of five U.S. delivery ports.
