ICE Futures Sets Brent Crude Futures Volume And WTI Crude Open Interest Records

IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace, announced new daily trading records for ICE Futures, its regulated futures subsidiary. On August 10, volume in the ICE Brent Crude futures contract reached 252,296 contracts, exceeding the July 31, 2006 record of 241,114 contracts by 4.6%. Brent is a light sweet grade of crude that comes from the North Sea, and the contract serves as the price benchmark for approximately two-thirds of the world’s crude oil.

Total volume on August 10 for ICE Futures reached 566,442 contracts, marking the second highest volume day in ICE Futures’ history. The fully electronic, cash settled ICE WTI Crude futures contract set an open interest record on August 10 of 309,713 contracts.