ICE Futures U.S., a leading regulated U.S. futures exchange for global agricultural, equity index and currency markets, reported record daily volume in its Cocoa futures contract of 45,618 lots on Tuesday, November 9. The previous daily volume record of 43,819 contracts was established on August 6, 2007.
Year-to-date, average daily volume in Cocoa futures is 15,448 contracts, up more than 20% from a year ago. Volume in the ICE soft commodities complex, which includes world benchmark contracts like sugar, coffee, cocoa, and cotton, is up more than 15% through the end of October compared to last year, reflecting increasing global demands for commodities.
The ICE Futures U.S. Cocoa futures contract is the world benchmark for the global cocoa market, pricing physical delivery of exchange-grade cocoa from African, Asian and Central and South American origins to any of five U.S. delivery ports.
IntercontinentalExchange® (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe® hosts trade in half of the world’s crude and refined oil futures. ICE Futures U.S.® and ICE Futures Canada® list agricultural, currencies and Russell Index markets. ICE® is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com
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