LONDON--(BUSINESS WIRE)-- Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures Europe achieved consecutive daily volume records in trade for ICE Low Sulphur Gasoil futures. The new total daily volume records for ICE Low Sulphur Gasoil futures across ‘G’ and ‘ULS’ code contracts was set on January 5 and 6, 2015 with 190,385 lots and 254,674 lots traded, respectively. Prior to these records, the previous total daily volume record of 138,590 lots was set December 16, 2014.

The ICE Low Sulphur specification Gasoil futures contracts now represent more than 93% of total open interest for Gasoil Futures at ICE Futures Europe, with open interest currently standing at 431,358 contracts.

On January 12, the ICE Gasoil futures (G) contract will complete its transition to a 10ppm low sulphur gasoil specification with the expiry of the January 2015 contract, and it will be renamed ICE Low Sulphur Gasoil futures (G). The open interest in the previous ULS contracts from February 2015 onwards has been transitioned to the new G equivalent contract. The transition reflects increased market demand for a lower sulphur grade contract.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange and ICE Futures.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2013, as filed with the SEC on February 14, 2014.

SOURCE: Intercontinental Exchange

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Source: Intercontinental Exchange