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Home>ICE Futures Europe Announces Record Open Interest in Low Sulphur Gasoil Futures Contract, Surpassing 1 Million Contracts

ICE Futures Europe Announces Record Open Interest in Low Sulphur Gasoil Futures Contract, Surpassing 1 Million Contracts

ICE Futures Europe Announces Record Open Interest in Low Sulphur Gasoil Futures Contract, Surpassing 1 Million Contracts

09/27/2017

ICE Futures Europe Announces Record Open Interest in Low Sulphur Gasoil Futures Contract, Surpassing 1 Million Contracts

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listing services, today announced that the ICE Low Sulphur Gasoil futures contract achieved a new open interest record of 1,004,645 contracts on 26 September, 2017, surpassing 1 million contracts for the first time. The previous open interest record was 999,264 contracts on 25 September, 2017.

This record reflects an expanding diesel market and demonstrates a strong growth in liquidity as market participants rely on ICE Low Sulphur Gasoil to hedge exposure to diesel prices. The ICE Gasoil futures complex includes a comprehensive range of oil products, including 50 contracts that price as a differential to Low Sulphur Gasoil including options, differentials and ‘cracks’ to Brent crude.

Low Sulphur Gasoil is the benchmark for the global refined oil market, playing the same pricing role for middle distillate oil as Brent plays in providing pricing to the global crude oil market.

Launched in 1981 to help European oil refiners and producers hedge their exposure to price fluctuations in refined oil products, ICE Gasoil is a physically delivered futures contract.

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use .

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