TTF

ICE Reports Record Open Interest of Over 94 Million Contracts across Futures and Options including Record Open Interest in Energy and Commodities

Retrieved on: 
måndag, april 29, 2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest (OI) of over 94 million contracts on April 24, 2024, up 26% year-over-year (y/y), including record OI in commodities of 66.3 million and record energy OI of 62 million, with energy up 30% (y/y).

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest (OI) of over 94 million contracts on April 24, 2024, up 26% year-over-year (y/y), including record OI in commodities of 66.3 million and record energy OI of 62 million, with energy up 30% (y/y).
  • “ICE has been focused on building a global commodities and energy trading platform for over two decades, designed to serve the needs of an evolving commercial customer base,” said Trabue Bland, SVP, Futures Exchanges at ICE.
  • ICE’s Low Sulphur Gasoil contract is the global benchmark for refined products and on April 25, 2024, Gasoil options hit record OI of 191,400 contracts.
  • Meanwhile, ICE’s global natural gas futures and options markets hit record OI of 41.3 million on April 24, 2024, up 34% y/y, with ICE’s Henry Hub futures markets reaching record OI of 7.8 million contracts and TTF natural gas futures and options hitting record OI of 4.5 million, up almost 100% y/y.

ICE Reports Record Open Interest Across its Global Natural Gas Markets with Record Trading Activity in Natural Gas Options

Retrieved on: 
torsdag, april 11, 2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced record open interest (OI) across its global natural gas futures and options markets as well as record trading activity in global natural gas options.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced record open interest (OI) across its global natural gas futures and options markets as well as record trading activity in global natural gas options.
  • On March 22, 2024, ICE’s global natural gas futures and options hit record OI of 40.2 million contracts, up 29% year-over-year (y/y).
  • Meanwhile, ICE’s U.S. financial gas markets hit record OI of over 11 million futures and options contracts on April 1, 2024.
  • ICE’s global natural gas portfolio is one part of its global energy markets which are the most liquid in the world to trade energy derivatives.

Women Nab Almost Half of Six-Figure Jobs Despite Fewer Applications Than Men for the Second Consecutive Year, According to iCIMS Data

Retrieved on: 
torsdag, mars 14, 2024

HOLMDEL, N.J., March 14, 2024 /PRNewswire/ -- Despite a smaller share of female applications to roles with more than $100,000 salaries, hires were almost split 50/50 between women and men in February 2024. iCIMS, a leading provider of talent acquisition technology, today released the iCIMS Insights March Workforce Report, revealing that women account for 47% of hires for roles with six figure salaries, while only responsible for 37% of applications for these roles. The report also provides a view into hiring trends in Europe, revealing that candidates and employers in EMEA do not see eye-to-eye, amidst looming economic challenges.

Key Points: 
  • "Our new report is packed with data that isn't just relevant for U.S. and European-based companies," said Rhea Moss, global head of workforce and customer insights.
  • While a short month, employers and candidates remained busy as January applicants may have become February hires.
  • This has remained steady – give or take a few days – from January 2023, despite the influx of candidates since then.
  • The rise in applications is being driven by men, with a 23% increase in overall male applicants from February 2023.

The Binary Holdings Forges Strategic Partnership with NES.TECH, a Leader in Hyper-Secured Infrastructure and DLT Solutions

Retrieved on: 
tisdag, februari 20, 2024

Bangkok, Thailand, Feb. 20, 2024 (GLOBE NEWSWIRE) -- In a strategic move heralding a new era in Distributed Ledger Technology (DLT) and cybersecurity, The Binary Holdings recently unveiled its partnership with NES.TECH. This alliance represents more than a mere merger of two tech powerhouses; it symbolises a convergence of visions dedicated to spearheading new solutions in blockchain technology and hyper-secure digital infrastructure. This endeavour holds the potential to reshape the dynamics of business and consumer interactions in the digital and decentralised landscape.

Key Points: 
  • Strategic Alliance: The Binary Holdings (TBH) joins forces with NES.TECH, marking a significant leap in blockchain technology, cybersecurity, and digital infrastructure innovation.
  • Bangkok, Thailand, Feb. 20, 2024 (GLOBE NEWSWIRE) -- In a strategic move heralding a new era in Distributed Ledger Technology (DLT) and cybersecurity, The Binary Holdings recently unveiled its partnership with NES.TECH.
  • Manit Parikh, CEO of The Binary Holdings said, "We are thrilled to welcome NES.TECH to the TBH family.
  • The union of TBH and NES.TECH is a strategic response to the growing demand for secure, scalable, and efficient digital solutions.

ICE Reports Record Open Interest of Over 90 Million Contracts Across Total Futures and Options Markets

Retrieved on: 
tisdag, februari 20, 2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest of 90.2 million contracts on February 15, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.8 million contracts on February 16, 2024.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its global futures and options markets reached record open interest of 90.2 million contracts on February 15, 2024, with ICE’s commodities futures and options markets hitting record open interest of 61.8 million contracts on February 16, 2024.
  • ICE’s energy futures and options portfolio hit record open interest of 57 million contracts on February 16, 2024, with global natural gas futures and options recording record open interest of 38.5 million contracts.
  • On the same day, ICE TTF natural gas futures and options contracts hit record open interest of 3.9 million, up 92% year-over-year, as TTF options contracts reached record open interest of almost 2 million.
  • “The open interest records in TTF underscore the significance of our contracts to the price formation of global natural gas and demonstrates how the market depends on ICE’s energy futures and options to reflect global fundamentals.”
    Meanwhile, in traded volumes, ICE’s total options contracts hit record traded volume of 34.7 million in January 2024, beating the previous monthly record set in August 2011, while ICE’s commodity options traded a record 20.2 million contracts during the month.

The Toy Foundation™ Funds Play Therapy Projects to Improve Pediatric Care for 240,000 Children

Retrieved on: 
tisdag, mars 5, 2024

NEW YORK, March 5, 2024 /PRNewswire/ -- The Toy Foundation™, the philanthropic arm of The Toy Association™, is proud to announce $380,000 has been awarded to 20 children's hospitals and health systems that serve under-resourced communities, as part of its 2024 Childrens Hospital Play Grants program. More than 240,000 children in need will benefit from this initiative, which funds innovative play therapy projects proven to significantly improve care, wellbeing, and treatment outcomes of hospitalized children.

Key Points: 
  • More than 240,000 children in need will benefit from this initiative, which funds innovative play therapy projects proven to significantly improve care, wellbeing, and treatment outcomes of hospitalized children.
  • To provide play therapy projects to patients and better support their recovery, hospitals are reliant on external funding or donations to offer this key aspect of the holistic pediatric care model.
  • The Toy Foundation's Children's Hospital Play Grants program helps fill this need at hospitals that need it most, where 50 percent or more of patients rely on Medicaid.
  • For more information about The Toy Foundation's Children's Hospital Play Grants program, visit ToyFoundation.org .

Gas price shocks and euro area inflation

Retrieved on: 
tisdag, februari 13, 2024
Transfer, Person, Marques, OPEC, Interval (mathematics), Policy, NBER, Research Papers in Economics, The Economic Journal, Danmarks Nationalbank, Socialism, Energy transition, VIX, Canadian International Council, Paper, E30, Great, Macroeconomics, VAR, Central bank, Balke, Quarterly Journal, Q43, Census, Elasticity, USD, Projection, PMI, Social science, Hou, Bank of France, Topa, Fertilizer, Electricity, SSRN, University, A.5, Section 2, Natural gas, COVID-19, Swings, Overalls, Rotation, Journal of Monetary Economics, Harmonization, Title Transfer Facility, Pain, Ferrari, Uncertainty, Statistics, Medical classification, C50, Harper (publisher), Democracy, Shock, IMF, TTF, Fed, PPI, Power, European Central Bank, Monetary economics, Temperature, Section 3, E31, Nature, Food, Local, Joseph Schumpeter, Website, Energy economics, Speech, DeSantis, GDP, Rigidity, BVAR, Confidence interval, Money, Refinitiv, Bank, Baumeister, Pressure, Oil, Deutsche Bundesbank, International Energy Agency, Employment, Section 4, GIZ, C54, Sun, ECB, European Economic Association, Weather, A.9, Quarterly Journal of Economics, Exercise, HICP, Technical report, Attention, Literature, Journal of Applied Econometrics, Reproduction, International economics, Political economy, Absorption, Joseph Stiglitz, Unemployment, Journal, American Economic Review, Index, Section 5, Business, IP, Bachmann, Research, Federal Reserve Bank, Government, PDF, IWH, Complexity, Failure, Energy Information Administration, Explosive

We document

Key Points: 
    • We document
      how gas price fluctuations have a heterogeneous pass-through to euro area prices
      depending on the underlying shock driving them.
    • How do gas price shocks feed through to euro area
      inflation, and is the pass-through shock-dependent?
    • We analyse the importance of gas price shocks
      for euro area inflation in two steps.
    • We identify three structural shocks driving European gas prices,
      inspired by the literature on oil but tailored to the European gas market: (i) a gas supply
      shock, which reduces the supply of natural gas to the European market, increases the
      gas price and lowers gas inventories; (ii) an economic activity shock, which lifts demand
      for gas due to higher economic production, and finally (iii) a shock to gas inventories,
      when gas prices are driven by precautionary demand by gas companies.
    • First, all three identified shocks are
      important drivers of gas price dynamics, but they differ in how persistently they push

      ECB Working Paper Series No 2905

      2

      up gas prices.

    • The effect on euro area HICP of a shock to gas supply is more
      persistent and somewhat higher than when gas prices are driven by economic activity
      shocks.
    • A final key finding is that the pass-through of gas market shocks to euro area inflation
      appears non-linear.
    • The unprecedented volatility of gas prices
      contributed to the inflation problem in the euro area, with the gas price shocks feeding
      through producer prices, wages and persistently lifting core inflation.
    • More expensive
      energy contributed substantially to the rise in inflation in Europe during 2022.2

      Figure 1: Gas price and euro area Harmonized Index of Consumer Prices.

    • How do gas price shocks feed through to euro area
      inflation, and is the pass-through shock-dependent?
    • For instance, about 75% of gas imports to the euro area arrives
      through pipelines, making gas imports difficult to substitute and gas markets subject to
      3

      See for example the evidence by Rubaszek and Uddin (2020) for the US economy.

    • We analyse the importance of gas price shocks for
      euro area inflation in two steps.
    • We identify three structural shocks driving European gas prices,
      inspired by the literature on oil but tailored to the European gas market: (i) a gas supply
      shock, which reduces the supply of natural gas to the European market, increases the
      gas price and lowers gas inventories; (ii) an economic activity shock, which lifts demand
      for gas due to higher economic production, and finally (iii) a shock to gas inventories,
      when gas prices are driven by precautionary demand by gas companies.
    • First, all three identified shocks are
      important drivers of gas price dynamics, but they differ in how persistently they push
      up gas prices.
    • But when gas prices are driven by
      inventory demand shocks, the price effect typically dies out within one quarter.
    • A final key finding is that the pass-through of gas market shocks to euro area inflation appears non-linear.
    • The unprecedented volatility of gas prices
      contributed to the inflation problem in the euro area, with the gas price shocks feeding
      through producer prices, wages and persistently lifting core inflation.
    • (2022) and Alessandri and Gazzani (2023) identify gas supply shocks using VAR models,
      finding that gas price shocks lead to persistent increases in headline inflation.14 Ba?bura
      et al.
    • (2023) find positive effects of gas price shocks on core inflation in a BVAR for
      the euro area that includes one type of gas shock along a longer list of macroeconomic
      shocks.
    • 3.1

      Data

      For the gas market BVAR model, we use gas quantities, gas prices, gas inventories and
      euro area industrial production, as displayed in Figure 2.

    • (2015) to optimize

      ECB Working Paper Series No 2905

      13

      the posterior distribution.16 The vector Y includes the European gas quantity proxy, gas
      inventories, the European gas price benchmark and euro area industrial production.

    • As demand for gas increases, the gas price also rises
      while inventories fall as agents use gas in storage to partially satisfy higher demand.
    • Shocks to gas
      quantities driven by gas supply or inventory shocks tend to revert to pre-shock levels after
      around five to seven months, while economic activity shocks lead to a more long-lived
      increase in gas demand.19 Dynamics in gas inventories are more similar across shocks.
    • 3.4

      Historical events in the European gas market

      Before analysing the transmission of the different types of gas shocks to euro area prices,
      we show how the model interprets the unprecedented gas price rise in 2022 in terms of
      driving factors, and compare it with previous historical episodes of heightened gas price
      volatility as a way of validating the model.

    • Inventory shocks play a
      slightly smaller role, accounting for 17% of gas quantity and 23% of gas price fluctuations
      while the residual component (i.e.
    • 4

      Pass-through of gas price shocks to consumer prices

      The pass-through of gas price shocks to inflation is likely to be multi-faceted.

    • We first consider four outcome variables y: the European gas price, euro area HICP,
      core HICP and energy HICP.
    • Third, depending on the driving factor, gas price increases can pass through to core
      inflation in the euro area.
    • The results underline that gas price shocks can have important implications for inflation in the euro area ? depending on the driving factor of higher gas prices.
    • Casoli, C., Manera, M., and Valenti, D. ?Energy shocks in the euro area: disentangling
      the pass-through from oil and gas prices to inflation?.

Intercontinental Exchange Reports January 2024 Statistics

Retrieved on: 
måndag, februari 5, 2024

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported January 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.
  • Total average daily volume (ADV) up 30% y/y, including record options of 1.6M lots; open interest (OI) up 20% y/y, including record OI of 87.3M lots on January 25
    Record Energy ADV up 33% y/y; OI up 22% y/y, including record OI of 56.3M lots on January 25
    Total Oil ADV up 31% y/y; OI up 25% y/y
    Brent ADV up 14% y/y; OI up 6% y/y
    WTI ADV up 59% y/y; OI up 50% y/y
    Gasoil ADV up 49% y/y; OI up 50% y/y
    Record Other Crude & Refined products ADV up 50% y/y; OI up 36% y/y
    Total Natural gas ADV up 39% y/y, including record options of 646k lots; OI up 26% y/y, including record OI of 37.5M lots on January 25
    North American gas ADV up 38% y/y; OI up 21% y/y
    TTF gas ADV up 44% y/y; OI up 97% y/y, including record OI of 3.7M lots on January 25
    Asia gas ADV up 76% y/y; OI up 33% y/y
    Total Ags & Metals ADV up 8% y/y; OI up 23% y/y, including record OI of 5.4M lots on January 31
    Record Cocoa ADV up 54% y/y; OI up 68% y/y, including record OI of 1.8M lots on January 31
    Total Financials ADV up 29% y/y; OI up 14% y/y
    Total Interest Rates ADV up 38% y/y; OI up 20% y/y
    Record SONIA ADV up 61% y/y; OI up 108% y/y
    Euribor ADV up 31% y/y; OI up 5% y/y

The 14th Launch of Forecasting & Prospects Research Reports on Energy Economy

Retrieved on: 
onsdag, januari 10, 2024

BEIJING, Jan. 10, 2024 /PRNewswire/ -- On January 7, 2024, the "The 14th Launch of Forecasting & Prospects Research Reports on Energy Economy" was held in Beijing.

Key Points: 
  • BEIJING, Jan. 10, 2024 /PRNewswire/ -- On January 7, 2024, the "The 14th Launch of Forecasting & Prospects Research Reports on Energy Economy" was held in Beijing.
  • Nine research reports, including the "Research and Prospect of China Energy Economic Index in 2024", were released to the public.
  • According to the report "Research and Prospect of China Energy Economic Index in 2024" by Bao-Jun Tang, in 2024, the energy economy will serve as a strong stimulant for the sustained recovery and improvement of the macroeconomy.
  • According to the report "China's Energy Economic Situation and Forecasting (2024)" by Hua Liao, our country has taken solid steps towards high-quality development in energy economics, enhancing energy security.

Intercontinental Exchange Reports December, Fourth Quarter and Full Year 2023 Statistics

Retrieved on: 
torsdag, januari 4, 2024

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today reported December, Fourth Quarter, and Full Year 2023 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.
  • “ICE began investing in the globalization of commodity markets decades ago, and our record performance through 2023 shows the value customers find in our global platform underpinned by deeply liquid benchmarks across asset classes,” said Ben Jackson, President of ICE.
  • “ICE’s commodity and energy complex reached volume and open interest records throughout the year, with our Brent, WTI, TTF, and agricultural markets each trading at record levels in 2023, reflecting the core role ICE’s derivative markets play in helping our global customer base manage their risk in the face of ever more complex supply chain dynamics.”
    Total open interest (OI) up 18% y/y, including record OI of 86.5M lots on December 14; average daily volume (ADV) up 39% y/y in December, up 26% y/y in 4Q23 and up 10% y/y in 2023
    Energy OI up 21% y/y, including record OI of 53.7M lots on December 22; ADV up 38% y/y in December, up 35% y/y in 4Q23 and record ADV in 2023 up 18% y/y
    Total Oil OI up 28% y/y; ADV up 31% y/y in December, up 32% y/y in 4Q23 and record ADV in 2023 up 19% y/y
    Brent OI up 13% y/y; ADV up 20% y/y in December, up 27% y/y in 4Q23 and record ADV in 2023 up 16% y/y
    WTI OI up 53% y/y; ADV up 49% y/y in December, up 55% y/y in 4Q23 and record ADV in 2023 up 27% y/y
    Gasoil OI up 38% y/y; ADV up 33% y/y in December, up 30% y/y in 4Q23 and up 20% y/y in 2023
    Other crude and refined products OI up 35% y/y; ADV up 51% y/y in December, up 46% y/y in 4Q23 and up 35% y/y in 2023
    Total natural gas OI up 23% y/y, including record futures OI of 20.6M lots on December 22; ADV up 48% y/y in December, up 41% y/y in 4Q23 and up 17% y/y in 2023
    North American gas OI up 19% y/y, including record futures OI of 18.2M lots on December 22; ADV up 40% y/y in December, up 28% y/y in 4Q23 and up 7% y/y in 2023
    TTF gas OI up 89% y/y; ADV up 97% y/y in December, record ADV in 4Q23 up 116% y/y and record 2023 ADV up 66% y/y
    Asia gas OI up 20% y/y; ADV up 65% y/y in December, up 51% y/y in 4Q23 and up 17% y/y in 2023
    Total environmentals ADV up 29% y/y in December, up 20% y/y in 4Q23 and up 2% y/y in 2023
    Total Ags & Metals OI up 25% y/y; ADV up 59% y/y in December, up 13% y/y in 4Q23 and record 2023 ADV up 16% y/y
    Sugar OI up 17% y/y; ADV up 96% y/y in December, up 16% y/y in 4Q23 and record 2023 ADV up 21% y/y
    Cocoa OI up 74% y/y; ADV up 23% y/y in December, up 7% y/y in 4Q23 and record ADV in 2023 up 14% y/y
    Coffee OI up 13% y/y; ADV up 53% y/y in December, up 16% y/y in 4Q23 and up 9% y/y in 2023
    Total Financials OI up 10% y/y; ADV up 39% y/y in December and up 17% y/y in 4Q23
    Total interest rates OI up 15% y/y; ADV up 56% y/y in December, up 26% y/y in 4Q23 and up 4% y/y in 2023
    SONIA OI up 90% y/y; ADV up 115% y/y in December, up 60% y/y in 4Q23 and record 2023 ADV up 29% y/y
    Euribor OI up 3% y/y; ADV up 48% y/y in December and up 18% y/y in 4Q23
    NYSE equity options ADV up 14% y/y in December, up 3% y/y in 4Q23 and up 4% y/y in 2023