ICE Reports 26% Increase in November 2010 Daily Futures Volume; $14 Trillion Cleared in CDS Globally

Dec 02, 2010, 09:22 ET from IntercontinentalExchange

ATLANTA, Dec. 2, 2010 /PRNewswire-FirstCall/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported strong futures volume growth in November 2010. Average daily volume (ADV) across ICE's futures exchanges was 1,366,669 contracts, an increase of 26% from November 2009.

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

Year-to-date through November 30, 2010, ICE's futures ADV was 1.325 million contracts, up 27% compared to the same period of 2009. Total futures volume in November 2010 was 28.7 million contracts. ICE futures volume exceeded 300 million contracts through November 30; the previous annual record, established in 2009, was 262 million contracts.

November 2010 Review

  • ICE Futures Europe records:
    • The exchange established an open interest record of 3,701,740 contracts on November 9.
    • The ICE ECX CER futures and Daily contracts established monthly and ADV records.
    • Open interest records were established for ICE ECX EUA futures, Richards Bay coal futures, WTI options and UK natural gas futures.
  • ICE Futures U.S. records:
    • Cocoa futures established a daily volume record of 45,618 contracts on November 9.
    • The Cotton No. 2 futures contract set a daily volume record of 101,516 contracts traded on the exchange on November 10.
  • ICE Futures Canada records:
    • Canola futures established an open interest record of 206,450 contracts on November 9.
  • On November 1, ICE introduced ICE mobile for the iPhone and iPad in conjunction with its acquisition of TradeCapture OTC.  
  • On November 8, ICE launched 35 new energy and emissions contracts, including ICE ECX ERU, the market's first Emission Reduction Unit (ERU) contracts. ICE also confirmed the first cleared ICE ECX ERU trades.
  • On November 16, ICE and OTC Global Holdings announced that OTC Global Holdings has joined the ICE eConfirm Broker Matching Service.
  • On November 17, ICE Futures Europe launched two German natural gas futures contracts and confirmed the first German natural gas futures trade.
  • Through November 29, ICE's CDS clearing houses have cleared $14 trillion in gross notional value on a cumulative basis across 366,780 transactions. ICE currently lists 258 CDS contracts for clearing.
    • ICE Trust U.S. (ICE Trust) has cleared $8.4 trillion of gross notional value since inception, including $570 billion in single-name CDS, resulting in open interest of $559 billion. ICE Trust offers clearing for 38 indexes and 89 single-name contracts.
    • ICE Clear Europe has cleared euro 4.1 trillion ($5.6 trillion) of gross notional value since inception, including euro 642 billion ($850 billion) in single-name CDS, resulting in euro 465 billion ($610 billion) of open interest. ICE Clear Europe offers clearing for 30 indexes and 101 single-name contracts.
  • Trading days in November 2010:
    • ICE Futures Europe: 21
    • ICE Futures U.S.: 21
    • ICE Futures Canada: 21
    • Chicago Climate Futures Exchange: 21

ICE Futures Contracts & Markets Monthly ADV

Product Line

ADV

November

2010

ADV

November

2009

ADV

% Change

ICE Brent Crude futures & options

409,352

327,499

25.0

ICE Gasoil futures & options

233,635

170,452

37.1

ICE WTI Crude futures & options

203,216

187,864

8.2

ICE ECX emissions futures & options

25,995

21,949

18.4

Other futures contracts (1)

23,272

17,170

35.5

TOTAL ICE FUTURES EUROPE

895,470

724,934

23.5

Index futures & options (2)

129,540

135,970

-4.7

Sugar No. 11 futures & options

176,856

103,378

71.1

Other agricultural commodity contracts (3)

115,423

85,466

35.1

Currency futures and options contracts (4)

32,332

22,440

44.1

TOTAL ICE FUTURES U.S.

454,151

347,254

30.8

TOTAL ICE FUTURES CANADA & CCFE(5)

17,048

12,007

42.0

TOTAL FUTURES CONTRACTS

1,366,669

1,084,195

26.1

(1) "Other futures contracts" include ICE Middle East Sour Crude futures; ICE ASCI Gulf Coast Sour Crude futures; ICE Heating Oil futures; ICE Unleaded Gasoline Blendstock (RBOB) futures; ICE UK Natural Gas futures; ICE UK Electricity futures; ICE Coal futures; and ICE Dutch TTF Gas futures.

(2) "Index futures & options" includes Russell 2000® mini futures and options and futures for the Russell 1000® mini, the Continuous Commodity Index, the Euro Index and the NYSE Composite.

(3) "Other agricultural commodity contracts" include futures and/or options for Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Sugar No. 14 and Sugar No. 16.

(4) "Currency futures and options" include futures and options for the U.S. Dollar Index and foreign exchange.

(5) ICE acquired Chicago Climate Futures Exchange (CCFE) on July 8, 2010. Prior-year amounts do not include CCFE volume and percentage change does not include CCFE prior-year volume.

ICE Futures Year-to-Date ADV

11-mos 2010

11-mos 2009

Percent Change

ICE Futures Europe

872,232

653,647

33.4

ICE Futures U.S.

434,688

372,890

16.6

ICE Futures Canada & CCFE*

17,943

13,915

28.9

Total Futures ADV

1,324,863

1,040,452

27.3

ICE Futures Monthly and Year-to-Date Volume

November 2010

November 2009

Percent Change

ICE Futures Europe

18,804,874

14,498,677

29.7

ICE Futures U.S.

9,537,162

6,945,083

37.3

ICE Futures Canada &CCFE*

358,020

240,139

49.1

Total Futures Volume

28,700,056

21,683,899

32.4

11-mos 2010

11-mos 2009

Percent Change

ICE Futures Europe

200,613,374

151,646,052

32.3

ICE Futures U.S.

99,978,320

85,764,715

16.6

ICE Futures Canada & CCFE*

3,947,741

3,186,636

23.9

Total Futures Volume

304,539,435

240,597,403

26.6

ICE Futures Open Interest

November 30, 2010

December 31, 2009

ICE Futures Europe

3,605,056

2,647,694

ICE Futures U.S.

3,221,827

3,375,176

ICE Futures Canada & CCFE*

368,370

118,181

*ICE acquired CCFE on July 8, 2010. Prior-year amounts do not include CCFE volume and percentage change does not include CCFE prior-year volume.

Rolling Three-Month Average Rate per Contract (RPC)

Product Line

Three Months

Ending

November 2010

Three Months

Ending

October 2010

Three Months

Ending

September 2010

ICE Futures Europe

$1.56

$1.53

$1.54

ICE Futures U.S. Ag

$2.08

$2.09

$2.13

ICE Futures U.S. Fin

$0.83

$0.80

$0.73

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

Historical futures volume, rate per contract 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 futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe® hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S.® and ICE Futures Canada® list agricultural, currencies and Russell Index markets. ICE® is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com  

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., ICE Trust, ICE Clear Europe, U.S. Dollar Index, European Climate Exchange (ECX) and Chicago Climate Futures Exchange (CCFE). 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, 2009, as filed with the SEC on February 10, 2010.

ICE-CORP

SOURCE IntercontinentalExchange



RELATED LINKS

http://www.theice.com