ICE reports September total ADV up 6% y/y, Q3 total ADV up 8% y/y

Intercontinental Exchange reported September 2023 trading volume and related revenue statistics… “The growth in volumes and open interest, particularly across oil and natural gas where TTF had a record third quarter, reflects the strength of our energy franchise, the leadership of ICE‘s global energy benchmarks, and the success of Midland WTI becoming part of the Brent basket,” said Ben Jackson, President of ICE. “Our soft commodities markets are trading at strong levels as our customers manage the impact of El Nino on crop harvest assumptions and their changing risk exposure to sugar, cocoa and coffee.” September highlights include: Total average daily volume ADV up 6% y/y; open interest O up 4% y/y …Energy ADV up 30% y/y; OI up 14% y/y… Total Oil ADV up 48% y/y; OI up 29% y/y……Third quarter highlights include: Total ADV up 8% y/y :Energy ADV up 30% y/y; Total Oil ADV up 40% y/y…Total natural gas ADV up 15% y/y