Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, reported record Open Interest including European natural gas and oil contracts amid further development of US Midland oil and the Brent crude basket.
Intercontinental Exchange, the leading global provider of market platforms for energy futures and options and other assets, intends to implement the European Union’s Market Correction Mechanism Regulation (MCM Regulation) and related price cap on Dutch Title Transfer Facility (TTF) natural gas derivatives, in time for entry into force of the regulation, though it is also planning a London-based TTF trading alternative.
The Intercontinental Exchange has released its latest statistics showing a 46 percent year-on-year surge in the average daily volumes of trading in the Japan-Korea Marker (JKM) spot LNG price for North Asia, while the main European LNG product, the Dutch Title Transfer Facility (TTF), showed a 24 percent jump in daily volumes.