International network of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) has joined CME Group Inc (NASDAQ:CME) in reporting crude oil volume records amid heightened market volatility.
ICE announced today that ICE Futures Singapore set a daily volume record in mini Brent Crude futures, as 14,188 such contracts were traded on December 9, 2015.
Since the launch of ICE Futures Singapore and ICE Clear Singapore on November 17, 2015, total volume and open interest for mini Brent Crude futures is already at 88,067 contracts and 7,980 contracts respectively, as of December 9, 2015.
Across energy, gold and FX, total volume of 111,136 contracts have been traded since the start of operations of ICE Futures Singapore.
Alongside mini Brent Crude futures, ICE Futures Singapore also introduced mini low sulphur gasoil futures, kilo gold futures, mini onshore Renminbi futures and mini offshore Renminbi futures. These five contracts were launched in response to market feedback and complement ICE’s existing lineup of financial and commodity benchmark contracts offered in Europe and the United States.
ICE Futures Singapore and ICE Clear Singapore are authorised by the Monetary Authority of Singapore (MAS).
To view the official announcement from ICE on the latest record, click here.