Middle East conflict drives record trading at NYSE-parent ICE

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The ongoing Middle East conflict has spurred record trading activity at Intercontinental Exchange (ICE), parent company of the New York Stock Exchange. ICE reported its busiest day ever on March 3rd, with 35 million futures and options contracts traded following U.S. and Israeli airstrikes on Iran. This heightened market volatility has also led to record open interest in commodity markets and record equities trading at NYSE, along with increased demand for credit default swaps as investors seek to manage risk.

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