Intercontinental Exchange Inc. (ICE) is logging more record trading activity on its European natural gas futures contracts amid increasing volatility in the global market.

An unprecedented 5.5 million Dutch Title Transfer Facility (TTF) futures and options were traded in September, 37% higher than the previous monthly record set in January, ICE said.

The exchange also saw record quarterly volumes. During 3Q2021, ICE reported 13.2 million TTF contracts traded. The previous record of 10.4 million contracts was set in the first three months of this year.

“Natural gas has become a global market and the record trading activity in TTF during this past month, where we have witnessed extreme volatility in prices, reflects how TTF is at the forefront of global natural gas price...