​ICE: The leading venue for MSCI Index Futures

February was a turbulent month for global markets, with fears about Covid-19 becoming a global pandemic. ICE’s MSCI Index Futures franchise proved resilient, maintaining tight bid/offer spreads throughout the trading sessions:

With the deployment of an improved MSCI Liquidity Provider scheme, ICE now offers consistent on-screen prices in key MSCI futures contracts such as MSCI EM Asia Futures (Ticker ANSA).


ICE Futures Singapore - Average Daily Volume (ADV)

Product Description Traded ADV
Mini US Dollar/Chinese Offshore Renminbi Futures 2,760
Mini US Dollar/SG Dollar Futures 2,734
Mini US Dollar Index Futures 1,373
Bakkt Bitcoin (USD) Cash Settled Monthly Futures 1,260
Mini Brent Crude Futures 590
Mini Low Sulphur Gasoil Futures 36
Mini WTI Crude Futures 6

Top 25 ICE Futures Contracts - During Asian Hours

Product Description Exchange Code ADV for Asian Hours Total ADV
Three Month Euro (Euribor) Future IFLL 258,218 897,692
Three Month Sterling Future IFLL 255,618 813,040
ICE Brent Crude Futures IFEU 241,327 1,190,468
Low Sulphur Gasoil Futures IFEU 107,167 434,874
Long Gilt Future IFLL 82,508 354,677
FTSE 100 - Stnd Index Future IFLL 37,868 147,276
ICE WTI Crude Futures IFEU 33,332 242,429
NYBOT Sugar No. 11 IFUS 31,821 253,905
Dubai 1st Line Futures IFEU 21,421 35,836
Singapore Gasoil (Platts) Futures IFEU 19,796 31,081
Dutch TTF Gas Base Load Futures NDEX 19,487 124,037
ICE Heating Oil Futures IFEU 15,922 190,135
MSCI Emerging Markets Index Futures IFUS 15,775 162,252
Dutch TTF Gas Spot NDEX 11,116 40,989
Three Month Euroswiss Future IFLL 9,541 29,558
EUA Futures IFEU 9,169 30,300
ICE NYH (RBOB) Gasoline Futures IFEU 8,020 130,133
ICE UK Natural Gas Futures IFEU 7,003 42,387
NYBOT Cotton No. 2 IFUS 6,826 54,262
MSCI Emerging Markets Index Block at Index Close IFUS 6,451 12,935
Natural Gas NYMEX LD1 Futures IFED 6,029 410,961
Singapore Mogas 92 Unleaded (Platts) Futures IFEU 5,982 11,483
ICE Brent Crude Futures Settlement IFEU 5,771 40,210
NYBOT Coffee "C" IFUS 4,830 79,094
Three Month SONIA IFLL 4,763 19,836
  • Asian Hours: 8:00am SGT - 5:00pm SGT (1:00am – 10:00am UK, 8:00pm – 5:00am ET)

Top Performing ICE Contracts - YoY % Growth

Product Description Exchange Code ADV Last Year YoY%
ICE Brent Crude Futures IFEU 1,190,468 787,898 51.09%
Three Month Euro (Euribor) Future IFLL 897,692 731,388 22.74%
Three Month Sterling Future IFLL 813,040 667,548 21.80%
Low Sulphur Gasoil Futures IFEU 434,874 283,323 53.49%
Natural Gas NYMEX LD1 Futures IFED 410,961 302,553 35.83%
Long Gilt Future IFLL 354,677 336,907 5.27%
Firm-LD Peak, LD1 for Physical OTC 305,242 253,874 20.23%
NYBOT Sugar No. 11 IFUS 253,905 172,803 46.93%
ICE WTI Crude Futures IFEU 242,429 193,267 25.44%
Natural Gas Firm Physical, Gas Daily Daily OTC 208,225 210,411 -1.04%
ICE Heating Oil Futures IFEU 190,135 24,649 671.36%
Natural Gas Firm Physical, Fixed Price OTC 180,622 210,970 -14.38%
MSCI Emerging Markets Index Futures IFUS 162,252 90,576 79.13%
Firm-LD Off-Peak, LD1 for Physical OTC 155,572 7,179 2067.06%
FTSE 100 - Stnd Index Future IFLL 147,276 108,042 36.31%
NGX NG Firm Phys FUT, Fixed Price OTC 137,124 244,125 -43.83%
ICE NYH (RBOB) Gasoline Futures IFEU 130,133 23,713 448.78%
Dutch TTF Gas Base Load Futures NDEX 124,037 60,484 105.08%
Natural Gas Basis NYMEX LD1 for Inside FERC Futures IFED 115,499 128,827 -10.35%
Firm-LD Around The Clock OTC 112,426 225,537 -50.15%
NGX NG Firm Phys FUT NYMEX LD1 OTC 109,458 118,207 -7.40%
NGX NG Firm Phys FUT, 7A Month Ahead Index OTC 97,258 54,733 77.69%
NYBOT Coffee "C" IFUS 79,094 67,512 17.16%
Natural Gas Firm Physical, Inside FERC OTC 67,484 80,905 -16.59%
NYBOT Cocoa IFUS 59,224 51,196 15.68%
  • 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