IntercontinentalExchange (NYSE: ICE) has reported a daily record for open interest in ICE West Texas Intermediate (WTI) Light Sweet Crude Oil futures contracts traded on ICE Futures Europe of 650,583 contracts on August 13. The previous daily open interest record was 649,982 on November 8, 2007.
The ICE WTI futures contract offers participants the opportunity to trade one of the world's most liquid oil commodities on screen alongside the global oil price marker, ICE Brent futures. The ICE WTI futures contract is cash settled against the prevailing market price for U.S. light sweet crude and is priced in USD per barrel. Open interest is the number of futures and option contracts that have not yet been exercised, expired, or fulfilled by delivery.
IntercontinentalExchange is an operator of regulated exchanges and clearing houses serving the risk-management needs of global markets for agricultural, credit, currency, emissions, energy and equity index products.