Intercontinental Exchange reported record exchange-wide volume on 7 February at its ICE Futures subsidiary. Total ICE Futures volume reached 364,064 contracts, exceeding by 21.5% the prior daily record set on 11 January, of 299,585 contracts, and marking the first time that daily exchange volume had exceeded 300,000 contracts. The record day included 45,962 contracts traded in ICE Futures' ICE West Texas Intermediate (WTI) Crude futures contract, which was launched on 3 February.
ICE Futures also revealed that average daily volume in January had increased 64% to 226,400 contracts compared to 138,392 contracts in January 2005. Total monthly futures volume rose 72% to a record 4.7m contracts, compared to monthly volume of 2.7m in January 2005. Total volume in its gasoil futures contract grew 72% to a record 1.3m contracts, compared to 750,251 in January 2005. Traded volume in its Brent crude futures contract increased 73%...