Intercontinental Exchange reports higher April derivatives activity as open interest reaches record levels
Rising derivatives positioning across energy, agricultural and financial contracts is lifting Intercontinental Exchange's April trading and revenue metrics. The exchange operator says total open interest climbed 23% from a year earlier, including a record 125.5 million lots on April 24.
Highlights
- Intercontinental Exchange reports overall energy open interest up 6% year over year, with total oil up 4% and Asia gas open interest surging 32%.
- Agriculture and metals activity strengthens as average daily volume rises 24% and open interest climbs 37%, highlighted by cocoa open interest up 51% and cotton up 77%.
- Total financials open interest jumps 55% year over year to a record 51.4 million lots on April 30, driven by 61% growth in interest rates open interest and 105% in SONIA.
April volumes and open interest trends
As reported by Intercontinental Exchange, the company's April 2026 monthly statistics show broad-based growth across major futures and options markets, with the figures published on its investor relations website. Energy open interest rises 6% year over year, led by a 4% gain in total oil and a 7% increase in other crude and refined products, while total natural gas open interest advances 7%, including 32% growth in Asia gas and 3% growth in TTF gas.Agriculture and metals activity also strengthens, with average daily volume up 24% and open interest up 37% from a year earlier. Sugar average daily volume increases 30%, cocoa average daily volume rises 41% with open interest up 51%, cotton posts record average daily volume with a 28% increase and open interest up 77%, and coffee open interest grows 15%.
Financial contracts support broader exchange momentum
Total financials average daily volume increases 8% year over year, while open interest jumps 55%, including a record 51.4 million lots on April 30. Within that segment, interest rates average daily volume rises 10% and open interest gains 61%, supported by record open interest of 47.8 million lots on April 30.Regional benchmark products also post strong gains, with Euribor open interest up 39%, SONIA average daily volume up 34% and open interest up 105%, including a record 18.5 million lots on April 30, and gilts open interest up 14%. NYSE equity options average daily volume rises 30%, adding to signs of stronger trading demand across ICE's financial markets franchise.
Our earlier coverage of the natural gas market highlighted how prices were being pulled between oversupply and short-term weather-driven demand, keeping rallies fragile despite supportive LNG exports. We noted that elevated storage levels after a mild spring remained the key bearish force, while production cuts and export strength could help stabilize the market and keep volatility high within a broad trading range.
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