ICE Cotton No. 2 Futures Contract Sets Daily Volume Record
NEW YORK, Nov. 11, 2010 /PRNewswire-FirstCall/ -- ICE Futures U.S., a leading regulated U.S. futures exchange for global agricultural, equity index and currency markets, announced a new daily volume record for the Cotton No. 2 futures contract. 101,516 Cotton No. 2 futures contracts traded on the exchange on Wednesday, November 10, surpassing the previous record of 85,945 lots established on February 15, 2008.
Year-to-date, average daily volume in Cotton No. 2 futures is 22,288 contracts, up more than 58% 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% year-to-date through the end of October, reflecting increasing global demand for commodities.
The ICE Futures U.S. Cotton No. 2 futures contract is the leading benchmark for the global cotton trade, pricing physical delivery of U.S.-grown cotton to U.S. delivery points. The United States is the world's third-largest producer of cotton (behind China and India) and its largest cotton exporter.
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
The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures U.S. and Cotton No. 2. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2009, as filed with the SEC on February 10, 2010.
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