ICE · 10-Q · 2026Q3 · Full report

Energy Derivatives Growth

Intercontinental Exchange, Inc. · 2026-10-29 · Importance 31 · Surprise 40

Energy futures and options volume increased 9% for the nine months and 18% for the third quarter of 2026 year over year. Oil volume growth reflected higher Brent activity amid price volatility and supply uncertainty related to the Middle East conflict, with other oil contracts also gaining as participants responded to actual and potential supply disruptions. Global natural gas volume rose on greater Dutch TTF use for proprietary trading and risk management, while environmentals and other volume benefited from higher power and emissions activity.

Key facts

• Energy futures and options volume increased 9% and 18%, and revenues increased 18% and 25%, for the nine and three months ended September 30, 2026, respectively, compared with 2025. source
• Oil futures and options volume increased 9% and 19% for the nine and three months ended September 30, 2026, respectively, primarily due to higher Brent volume amid Middle East conflict-related price volatility and supply uncertainty. source
• Global natural gas futures and options volume increased 9% and 17% for the nine and three months ended September 30, 2026, respectively, with higher TTF volume reflecting proprietary trading, risk management, geopolitical tensions and global supply and demand. source
• Environmentals and other futures and options volume increased 9% and 10% for the nine and three months ended September 30, 2026, respectively, primarily due to higher power and emissions volumes, with emissions affected by political uncertainty and a sharp first-quarter 2026 decline in EUA prices. source