ICE reports record futures volume

6 November 2008

IntercontinentalExchange (ICE) reported a record volume across its futures exchanges last month - an increase of 33 per cent compared with the monthly figures recorded in October 2007.

The average daily volume (ADV) for ICE Futures contracts has increased by 21 per cent year-to-date, while the ADV for ICE Futures Europe - the London-based energy futures exchange - rose by 11 per cent between January 1st and October 31st when compared with the same period last year.

In addition, the ICE Gas Oil and the ICE Brent Crude futures contracts achieved the second-highest monthly volume in the history of the exchange.

At the end of last month, ICE announced it is to acquire the Clearing Corporation as part of its efforts to develop a joint global clearing solution.

The ICE US Trust will be formed under the terms of the new agreement and will be based in New York City.

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