ICE Announces That a Record 14,419 Murban Crude Oil Futures Contracts Traded on April 7
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 14,419 ICE Murban Crude Oil Futures contracts traded on ICE Futures Abu Dhabi (IFAD) on April 7, marking its highest volume day since the contracts launched on March 29.
- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 14,419 ICE Murban Crude Oil Futures contracts traded on ICE Futures Abu Dhabi (IFAD) on April 7, marking its highest volume day since the contracts launched on March 29.
- Alongside ICE Murban Crude Oil Futures, IFAD launched trading in 18 Murban-related cash settled derivatives and inter-commodity spreads, offering the market the broadest range of ways to trade and hedge Murban crude oil.
- This includes 34,202 ICE Murban Crude Oil futures contracts and 4,510 Murban-related cash settled derivatives, with 38 firms having traded on IFAD since the launch.
- The scale of the response from the market to the launch of Murban futures is both encouraging and validating, said Jamal Oulhadj, President of ICE Futures Abu Dhabi.