June 6 (LNG) - Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, said average daily volumes (ADV) soared in May for natural gas products. Average daily volumes for the Dutch Title Transfer Facility (TTF) valuation for LNG increased by 79 percent year-on-year and Open Interest (OI) was up 34 percent compared with last year.
Open Interest is the term used for the number of contracts that remain open each day and reflects how customers are adding to their positions for a period of time. Total natural gas ADV and OI were both up 10 percent compared with May 2022. “This included record futures OI of 19.7 million lots on May 25,” Atlanta-based ICE said. “North American natural gas OI was up 9 percent, including record futures OI of 17.7M lots on May 25,” ICE added.
