Asia Volume Report
December 2022 Highlights
Markets: ICE Futures Singapore
Why financial participants matter to the commodity markets
Despite the vital economic function that exchange traded derivatives play in permitting hedging and price discovery in a range of markets for energy and raw materials, there have been time and again voices that blame “speculators” for high prices and volatility. What speculation myths persist around commodity markets? In this paper, ICE’s Senior Vice President of Futures Exchanges Trabue Bland examines the critical role speculators play in the functioning of markets.
Top 25 ICE Futures Contracts - During Asian Hours
| Product Description | Exchange Code | ADV for Asian Hours | Total ADV |
|---|---|---|---|
| Three Month Euro (Euribor) Future | IFLL | 273,811 | 994,111 |
| ICE Brent Crude Futures | IFEU | 140,684 | 726,577 |
| Three Month SONIA | IFLL | 44,312 | 200,789 |
| FTSE 100 - Stnd Index Future | IFLL | 41,827 | 167,685 |
| Low Sulphur Gasoil Futures | IFEU | 35,760 | 187,086 |
| Long Gilt Future | IFLL | 28,313 | 139,782 |
| MSCI Emerging Markets Index Futures | IFUS | 23,418 | 240,261 |
| Dutch TTF Natural Gas Futures | NDEX | 18,281 | 130,149 |
| ICE WTI Crude Futures | IFEU | 12,513 | 143,728 |
| Dutch TTF Gas Spot | NDEX | 11,051 | 24,517 |
| Dubai 1st Line Futures | IFEU | 10,845 | 19,047 |
| Natural Gas NYMEX LD1 Futures | IFED | 9,169 | 328,340 |
| NYBOT Sugar No. 11 | IFUS | 8,203 | 96,589 |
| Singapore Gasoil (Platts) Futures | IFEU | 7,928 | 11,664 |
| NYBOT US Dollar Index | IFUS | 7,279 | 34,747 |
| EUA Futures | NDEX | 6,897 | 32,021 |
| ICE Brent Crude Futures Settlement | IFEU | 6,764 | 43,821 |
| Singapore Mogas 92 Unleaded (Platts) Futures | IFEU | 6,562 | 11,216 |
| Brent Crude Futures Singapore Minute Marker | IFEU | 6,435 | 6,444 |
| Brent 1st Line vs Dubai 1st Line Futures | IFEU | 5,584 | 11,765 |
| Three Month SARON Index Future | IFLL | 4,385 | 19,081 |
| OCM TITLE DAY | NDEX | 4,065 | 19,674 |
| Murban Crude Oil Futures | IFAD | 3,822 | 4,449 |
| Dubai 1st Line (Platts) Futures TAP MOC | IFEU | 3,072 | 3,072 |
| MSCI Emerging Markets Index Block at Index Close | IFUS | 2,421 | 7,468 |
Top Performing ICE Contracts - YoY % Growths
| Product Description | Exchange Code | ADV | Last Year | YoY% |
|---|---|---|---|---|
| Three Month Euro (Euribor) Future | IFLL | 994,111 | 542,365 | 83.29% |
| ICE Brent Crude Futures | IFEU | 726,577 | 782,826 | -7.19% |
| Firm-LD Around The Clock | OTC | 435,686 | 173,229 | 151.51% |
| Natural Gas NYMEX LD1 Futures | IFED | 328,340 | 316,480 | 3.75% |
| Natural Gas Firm Physical, Gas Daily Daily | OTC | 271,581 | 246,688 | 10.09% |
| MSCI Emerging Markets Index Futures | IFUS | 240,261 | 247,287 | -2.84% |
| Firm-LD Off-Peak, LD1 for Physical | OTC | 214,578 | 105,376 | 103.63% |
| Three Month SONIA | IFLL | 200,789 | 147,354 | 36.26% |
| Low Sulphur Gasoil Futures | IFEU | 187,086 | 224,961 | -16.84% |
| Natural Gas Firm Physical, Fixed Price | OTC | 185,104 | 172,131 | 7.54% |
| FTSE 100 - Stnd Index Future | IFLL | 167,685 | 169,576 | -1.11% |
| NGX NG Firm Phys FUT, Fixed Price | OTC | 150,916 | 174,237 | -13.38% |
| ICE WTI Crude Futures | IFEU | 143,728 | 124,178 | 15.74% |
| Long Gilt Future | IFLL | 139,782 | 179,490 | -22.12% |
| Dutch TTF Natural Gas Futures | NDEX | 130,149 | ||
| Firm-LD Around The Clock, LD1 for Physical | OTC | 106,558 | ||
| NYBOT Sugar No. 11 | IFUS | 96,589 | 77,727 | 24.27% |
| Firm-LD Peak, LD1 for Physical | OTC | 92,343 | 129,128 | -28.49% |
| Natural Gas Basis NYMEX LD1 for Inside FERC Futures | IFED | 84,674 | 61,711 | 37.21% |
| Natural Gas Firm Physical, Inside FERC | OTC | 82,627 | 78,814 | 4.84% |
| MSCI EAFE Index Futures | IFUS | 81,548 | 77,712 | 4.94% |
| NGX NG Firm Phys FUT, 7A Month Ahead Index | OTC | 70,814 | 51,402 | 37.77% |
| Natural Gas NYMEX LD1 Futures ICE Lots | IFED | 63,191 | 46,265 | 36.59% |
| ICE Heating Oil Futures | IFEU | 57,212 | 148,042 | -61.35% |
| NGX NG Firm Phys FUT NYMEX LD1 | OTC | 47,793 | 76,095 | -37.19% |
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