IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, reported record daily volume in the ICE NYH RBOB Gasoline Futures Contract of 13,877 contracts on 25 August 2011. The new record surpassed the previous daily record of 8,879 contracts set on 13 June 2011.
"Trading activity in the ICE NYH RBOB and ICE Heating Oil futures contracts has been spurred by the launch earlier this year of crack spreads in ICE Heating Oil vs ICE Brent Futures and ICE RBOB Gasoline vs ICE Brent Futures. We have seen increased interest of late from market participants in trading both the futures and the crack spread contracts," said Jeff Barbuto, ICE Vice President, Oil Marketing.
ICE NYH RBOB Gasoline futures trade 22 hours a day, from 8:00pm through 6:00pm Eastern time the next day, and from 1:00am through11:00pm London time. The contract is sized at 42,000 gallons and priced in U.S. dollars and cents per gallon. It trades for 12 consecutive months at a time and is based on Reformulated Gasoline Blendstock for Oxygenate Blending for delivery in New York Harbor.