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IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today announced that ICE Futures Europe reached a daily volume record of 9,075 contracts in ICE Coal options on May 21, 2013. The previous volume record was 7,200 contracts on December 4, 2012.
Volume for ICE Coal futures and options also reached a combined record of 17,641 contracts on May 21, 2013, compared with the previous combined record of 15,590 on March 28, 2013.
ICE offers Coal options contracts based on the following underlying ICE Coal futures contracts: ICE gC Newcastle Coal, ICE API 4* Richards Bay Coal and ICE API 2* Rotterdam Coal and continues to expand the range of coal contracts available for trading and clearing.
In February this year, ICE Futures Europe launched the ICE API 8* CFR South China Coal futures contract which traded for the first time on May 16, 2013. The transaction was for 10 contracts, representing 30,000 metric tonnes for delivery in the third quarter of 2013. Four further trades have since been cleared with a total of five counterparties involved.
* API 2, API 4 and API 8 are trademarks of and are used under license from Argus Media Limited and IHS Global Limited. All copyrights and database rights in the API 2, API 4 and API 8 indices belong exclusively to Argus and IHS. Official prices for the API 2, API 4 and API 8 are only available from Argus. Argus and IHS take no position on the purchase or sale of ICE's financially settled listings.
