Asia Volume Report
April 2022 Highlights
Markets: ICE Futures Singapore
Benchmark reform in the Asia-Pacific
Across the Asia-Pacific, countries are at varying stages of developing their own risk-free rates as alternatives to interbank offered rates (IBOR) after certain LIBOR settings were officially ceased at the end of 2021. Jurisdictions have varying approaches in their benchmark reform programs, reflecting differing levels of urgency depending on the calculation methodology of their original rates.
Read on for the latest developments across jurisdictions.
Top 25 ICE Futures Contracts - During Asian Hours
| Product Description | Exchange Code | ADV for Asian Hours | Total ADV |
|---|---|---|---|
| Three Month Euro (Euribor) Future | IFLL | 321,075 | 930,680 |
| ICE Brent Crude Futures | IFEU | 191,867 | 778,807 |
| Long Gilt Future | IFLL | 64,790 | 216,595 |
| Three Month SONIA | IFLL | 59,350 | 200,770 |
| Low Sulphur Gasoil Futures | IFEU | 36,743 | 174,683 |
| FTSE 100 - Stnd Index Future | IFLL | 28,461 | 92,598 |
| Dutch TTF Gas Base Load Futures | NDEX | 28,179 | 133,445 |
| NYBOT Sugar No. 11 | IFUS | 20,658 | 163,843 |
| ICE WTI Crude Futures | IFEU | 15,686 | 187,144 |
| MSCI Emerging Markets Index Futures | IFUS | 13,696 | 116,305 |
| Dubai 1st Line Futures | IFEU | 12,254 | 20,369 |
| Dutch TTF Gas Spot | NDEX | 10,588 | 18,993 |
| EUA Futures | NDEX | 8,823 | 22,849 |
| NYBOT US Dollar Index | IFUS | 7,966 | 26,406 |
| Natural Gas NYMEX LD1 Futures | IFED | 6,474 | 532,377 |
| Brent Crude Futures Singapore Minute Marker | IFEU | 6,346 | 6,363 |
| ICE Brent Crude Futures Settlement | IFEU | 6,340 | 38,695 |
| Brent 1st Line vs Dubai 1st Line Futures | IFEU | 5,715 | 11,346 |
| Singapore Mogas 92 Unleaded (Platts) Futures | IFEU | 5,475 | 9,904 |
| Singapore Gasoil (Platts) Futures | IFEU | 5,288 | 8,589 |
| NYBOT Cotton No. 2 | IFUS | 4,807 | 38,576 |
| Dated Brent vs Brent 1st Line Futures | IFEU | 4,490 | 19,511 |
| OCM TITLE DAY | NDEX | 4,122 | 17,415 |
| ICE UK Natural Gas Futures | IFEU | 3,907 | 18,945 |
| NYBOT Cocoa | IFUS | 3,882 | 46,452 |
Top Performing ICE Contracts - YoY % Growths
| Product Description | Exchange Code | ADV | Last Year | YoY% |
|---|---|---|---|---|
| Three Month Euro (Euribor) Future | IFLL | 930,680 | 680,390 | 36.79% |
| ICE Brent Crude Futures | IFEU | 778,807 | 839,209 | -7.20% |
| Firm-LD Off-Peak, LD1 for Physical | OTC | 649,153 | 96,905 | 569.89% |
| Natural Gas NYMEX LD1 Futures | IFED | 532,377 | 265,538 | 100.49% |
| Firm-LD Around The Clock, LD1 for Physical | OTC | 299,570 | ||
| Firm-LD Peak, LD1 for Physical | OTC | 268,360 | 154,640 | 73.54% |
| Natural Gas Firm Physical, Gas Daily Daily | OTC | 232,287 | 196,542 | 18.19% |
| Long Gilt Future | IFLL | 216,595 | 218,672 | -0.95% |
| Three Month SONIA | IFLL | 200,770 | 64,312 | 212.18% |
| ICE WTI Crude Futures | IFEU | 187,144 | 187,052 | 0.05% |
| Low Sulphur Gasoil Futures | IFEU | 174,683 | 255,894 | -31.74% |
| NYBOT Sugar No. 11 | IFUS | 163,843 | 162,648 | 0.73% |
| NGX NG Firm Phys FUT, Fixed Price | OTC | 161,861 | 132,865 | 21.82% |
| Natural Gas Firm Physical, Fixed Price | OTC | 151,094 | 119,731 | 26.19% |
| Dutch TTF Gas Base Load Futures | NDEX | 133,445 | 130,495 | 2.26% |
| Firm-LD Around The Clock | OTC | 117,492 | 461,514 | -74.54% |
| MSCI Emerging Markets Index Futures | IFUS | 116,305 | 77,304 | 50.45% |
| Natural Gas Basis NYMEX LD1 for Inside FERC Futures | IFED | 115,672 | 66,793 | 73.18% |
| NGX NG Firm Phys FUT NYMEX LD1 | OTC | 106,724 | 81,377 | 31.15% |
| NGX NG Firm Phys FUT, 7A Month Ahead Index | OTC | 98,034 | 61,020 | 60.66% |
| FTSE 100 - Stnd Index Future | IFLL | 92,598 | 76,568 | 20.94% |
| Natural Gas Firm Physical, Inside FERC | OTC | 81,866 | 65,568 | 24.86% |
| Natural Gas NYMEX LD1 Futures ICE Lots | IFED | 56,398 | 24,774 | 127.65% |
| NYBOT Cocoa | IFUS | 46,452 | 42,201 | 10.07% |
| ICE NYH (RBOB) Gasoline Futures | IFEU | 44,735 | 64,515 | -30.66% |
IFEU - ICE Futures Europe
IFLL - ICE Futures Europe - Financial Products Division
NDEX - ICE Endex Derivatives B.V
IFUS - ICE Futures US
IFLX - ICE Futures Europe - Agricultural Products Division
IFED - ICE Futures Energy Derivatives