Press Release
Coal Futures See Record Day on ICE
LONDON, UK - 11th December 2008
Yesterday, 10th December 2008, saw a new record established for the greatest volume of coal Futures traded on the ICE platform in one single day.
A total of 3,975 lots (equivalent to 3,975,000 tonnes of coal) were given up to the exchange via the contingent EFS mechanism. The lion share of this volume is attributable to the ICE Rotterdam coal contract which settles on the API#2 Index. 2,340 lots of ICE Rotterdam coal contracts were exchanged during yesterday's trading hours.
The newly-launched gC ICE Newcastle coal contract also saw a record day, with 900 lots (equivalent to 900,000 tonnes of coal) given up for clearing.
Open interest in ICE's coal Futures portfolio has grown steadily over 2008 and at the end of Wednesday totalled 22,820 lots.
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