ICE keeps applying the heat in WTI crude battle

Intercontinental Exchange (ICE)'s WTI crude oil contract kept up its impressive trading pace into its second week in what has become widely regarded as the most successful competing futures contract launch ever.

The average daily volume in the first ten days was 42,700 contracts, with open interest growing to over 45,000 contracts. This represented a market share of 10-15% in a contract that had previously been the exclusive preserve of New...