2014

ICE Reports Record Futures Volume in 2012 on 10% ADV Growth

ATLANTA, Jan. 3, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for December 2012, the fourth quarter of 2012 and the full year 2012. ICE's December 2012 and fourth quarter of 2012 average daily volume (ADV) increased 1% and declined 1% compared to December 2011 and the fourth quarter of 2011, respectively. Total contract volume in 2012 reached 847 million contracts, up 10% from 2011. All prior period contract volumes have been adjusted to include the converted futures contracts, which previously traded as swaps in ICE's OTC markets.

Credit Transaction Revenues

  • Fourth quarter revenues from ICE's credit default swap (CDS) trade execution, processing and clearing business totaled $36 million, compared to $41 million in the prior fourth quarter, and included $19 million in CDS clearing revenues.
  • For 2012, total CDS revenues were $144 million compared to $167 million in 2011.

December 2012 Review

 ICE Futures Contracts & Markets ADV

Product Line (Futures & Options)

ADV

Dec

2012

ADV

Dec

2011

ADV

% Change

ADV

Full Year

2012

ADV

Full Year

2011

ADV

% Change

ICE Brent

458,839

382,268

20.0

620,373

532,731

16.5

ICE Gasoil

166,763

190,253

-12.3

254,691

262,705

-3.1

ICE Other Oil (1)*

174,037

145,189

19.9

204,965

245,993

-16.7

   ICE OIL

799,639

717,710

11.4

1,080,029

1,041,429

3.7

ICE Natural Gas*

1,030,241

1,324,889

-22.2

1,448,878

1,294,964

11.9

ICE Power*

496,306

269,550

84.1

379,002

248,138

52.7

ICE Emissions & Other (2)

49,127

34,946

40.6

41,876

34,718

20.6

   TOTAL ENERGY

2,375,313

2,347,095

1.2

2,949,786

2,619,250

12.6

ICE Sugar

86,715

72,029

20.4

128,238

124,820

2.7

ICE Other Ags (3)

88,702

75,977

16.7

119,355

107,463

11.1

   TOTAL AGRICULTURAL

175,417

148,006

18.5

247,593

232,283

6.6

ICE Equity Index (4)

136,616

173,092

-21.1

133,564

176,267

-24.2

ICE FX (5)

33,146

32,313

2.6

29,443

36,288

-18.9

   TOTAL FINANCIALS

169,762

205,405

-17.4

163,007

212,555

-23.3

   TOTAL FUTURES & OPTIONS

2,720,492

2,700,506

0.7

3,360,386

3,064,088

9.7

Note: Figures may not foot due to rounding.
(1) "ICE Other Oil" includes futurized oil contracts, WTI, Heating Oil, RBOB Gasoline and Middle East Sour Crude. Excludes Daily Brent Bullet contracts.
(2) "ICE Emissions & Other" includes all emissions contracts, freight, coal and iron ore and uranium.
(3) "ICE Other Ags" includes Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Corn, Wheat, Soybeans, Barley and Canola.
(4) "ICE Equity Index" includes the Russell 2000®, Russell 1000®, and the Continuous Commodity Index.
(5) "ICE FX" includes the U.S. Dollar Index and foreign exchange.
*Historical volume has been adjusted to include transitioned energy futures contracts.


 

ICE Futures Fourth Quarter ADV and Total Volume

Futures & Options Products

 

ADV

4Q12

 

ADV

4Q11

 

Percent

 Change

 

Volume

4Q12

 

Volume

4Q11

 

Percent

 Change

Energy*

2,774,918

2,754,468

0.7

177,594,762

173,531,512

2.3

Agricultural

203,933

179,919

13.3

13,012,880

11,294,551

15.2

Financials

142,155

205,888

-31.0

9,097,919

12,970,916

-29.9

TOTAL CONTRACTS

3,121,006

3,140,275

-0.6

199,705,561

197,796,979

1.0

*Historical energy volume has been adjusted to include transitioned energy futures contracts.

 ICE Futures Monthly and YTD Volume

Futures & Options Products

 

December

2012

 

December

2011

 

Percent

 Change

 

Full Year

2012

 

Full Year

2011

 

Percent

 Change

Energy*

47,506,257

49,288,994

-3.6

743,345,947

660,051,036

12.6

Agricultural

3,487,287

3,087,463

12.9

62,353,085

58,478,008

6.6

Financials

3,395,244

4,313,499

-21.3

41,077,838

53,563,960

-23.3

TOTAL CONTRACTS

54,388,788

56,689,956

-4.1

846,776,870

772,093,004

9.7

*Historical energy volume has been adjusted to include transitioned energy futures contracts.

Rolling Three-Month Average Rate per Contract (RPC)

 

Futures & Options Products

Three Months

Ending 

December 2012

Three Months

Ending 

November 2012

Three Months

Ending 

October 2012

Energy*

$1.07

$1.08

$1.08

Agricultural*

$2.47

$2.43

$2.40

Financials

$1.00

$1.01

$1.01

*Historical energy RPC has been adjusted to include transitioned energy futures contracts and agricultural RPC has been adjusted to include Canadian contracts.

ICE Futures & Options Open Interest


December 31, 2012

December 31, 2011

Energy*

70,108,837

53,518,772

Agricultural

2,502,583

2,292,279

Financials

463,058

531,162

  *Historical energy open interest has been updated to include new energy futures contracts.

  • Through December 31, ICE's CDS clearing houses have cleared $36 trillion in gross notional value on a cumulative basis across 1.1 million trades. ICE Clear Credit has cleared $2.1 trillion in single-name CDS resulting in open interest of $842 billion. ICE Clear Europe has cleared €1.6 trillion ($2.1 trillion) in single-name CDS resulting in €568 billion ($750 billion) of open interest. ICE lists 381 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml
  • Trading days in December 2012
    • ICE Futures Europe & U.S: 20
    • ICE Futures Canada: 19

Note: As of October 15, 2012, ICE transitioned all of the open interest in OTC cleared energy swaps contracts to futures contracts. All futures volumes in the tables above have been adjusted to treat, on a pro forma basis, the OTC cleared energy swaps contracts as futures contracts for all periods prior to October 2012.

RPC is calculated by dividing transaction revenues by contract volume, and may vary based on pricing, customer and product mix.

Historical futures volume and OTC commission data can be found at:
http://ir.theice.com/supplemental.cfm

About IntercontinentalExchange
IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated exchanges and clearing houses serving the risk management needs of global markets for agricultural, credit, currency, emissions, energy and equity index products. ICE serves customers in more than 70 countries. www.theice.com  

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Futures U.S., and ICE OTC. 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, 2011, as filed with the SEC on February 8, 2012 and ICE's Quarterly Reports on Form 10-Q for the quarter ended June 30, 2012, as filed with the SEC on August 1, 2012, and the quarter ended September 30, 2012, as filed with the SEC on November 5, 2012.  

ICE-CORP

(Logo: http://photos.prnewswire.com/prnh/20090727/CL51999LOGO )

 

SOURCE IntercontinentalExchange



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