ICE Reports 27% Increase in Futures Average Daily Volume for February; Record Brent, Gasoil and ICE Futures Europe Volume

Mar 02, 2011, 08:30 ET from IntercontinentalExchange

ATLANTA, March 2, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported record volume and average daily volume across its futures exchanges in February 2011. Average daily volume (ADV) for ICE's futures markets rose 27% from the prior February to a record 1,738,199 contracts. For the second consecutive month, ICE Futures Europe established monthly volume and ADV records of 23,590,625 and 1,241,612 contracts, respectively, with ADV up 39% from February 2010.

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ICE's total futures volume in February 2011 was a record 33 million contracts.

February 2011 Review

  • ICE Futures Europe records:
    • The exchange established an open interest record of 3,805,162 contracts on February 4 and a daily volume record of 1,698,258 contracts on February 24.
    • ICE Brent Crude futures set a daily volume record of 821,857 contracts on February 24. ICE Gasoil futures also established a daily volume record of 445,325 contracts on February 24.
    • ICE Brent Crude and ICE Gasoil futures established monthly volume records of 10,956,940 and 5,746,450 contracts, respectively.
    • ICE Brent Crude and ICE Gasoil futures set monthly ADV records of 576,681 contracts and 302,445 contracts, respectively.
  • ICE Futures U.S. records:
    • The Russell 1000 Value Index mini futures contract set a daily volume record on February 2.
  • ICE Futures Canada records:
    • The exchange established a monthly ADV record of 26,311 contracts in February and an open interest record of 243,577 contracts on February 11.
  • On February 25, ICE announced its acquisition of Ballista Securities, an electronic options platform for the execution of block-sized and complex multi-leg options transactions.
  • Through February 25, ICE's CDS clearing houses have cleared $16.0 trillion in gross notional value on a cumulative basis across 430,024 transactions. ICE currently lists 257 CDS contracts for clearing.
    • ICE Trust U.S. (ICE Trust) has cleared $9.5 trillion of gross notional value since inception, including $678 billion in single-name CDS, resulting in open interest of $543 billion. ICE Trust buy-side clearing crossed $5 billion in gross notional value during the week of February 21. ICE Trust offers clearing for 37 indexes and 89 single-name contracts.
    • ICE Clear Europe has cleared 4.8 trillion Euro ($6.5 trillion) of gross notional value since inception, including 753 billion Euro ($998 billion) in single-name CDS, resulting in 487 billion Euro ($671 billion) of open interest. ICE Clear Europe offers clearing for 30 indexes and 101 single-name contracts.
  • Trading days in February 2011:
    • ICE Futures Europe: 19
    • ICE Futures U.S.: 19
    • ICE Futures Canada: 19
    • Chicago Climate Futures Exchange: 19

ICE Futures Contracts & Markets Monthly ADV

Product Line

ADV

February

2011

ADV

February

2010

ADV

% Change

ICE Brent Crude futures & options

584,091

424,577

37.6

ICE Gasoil futures & options

304,576

217,652

39.9

ICE WTI Crude futures & options

298,371

207,704

43.7

ICE ECX emissions futures & options

23,447

24,155

-2.9

Other futures contracts (1)

31,127

19,063

63.3

TOTAL ICE FUTURES EUROPE

1,241,612

893,151

39.0

Index futures & options (2)

119,134

133,297

-10.6

Sugar No. 11 futures & options  

207,720

192,373

8.0

Other agricultural commodity contracts (3)

115,788

101,676

13.9

Currency futures and options contracts (4)

26,954

30,761

-12.4

TOTAL ICE FUTURES U.S.

469,596

458,107

2.5

TOTAL ICE FUTURES CANADA & CCFE(5)

26,991

18,832

43.3

TOTAL FUTURES CONTRACTS

1,738,199

1,370,090

26.9

(1) "Other futures contracts" include ICE UK Natural Gas futures; ICE Coal futures; ICE Dutch TTF and German Natural Gas futures; ICE UK Electricity futures; ICE Heating Oil futures; and ICE Unleaded Gasoline Blendstock (RBOB) 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

2-mos 2011

2-mos 2010

Percent Change

ICE Futures Europe

1,208,243

852,314

41.8

ICE Futures U.S.

425,268

422,893

0.6

ICE Futures Canada & CCFE*

22,651

15,395

47.1

Total Futures

1,656,162

1,290,602

28.3

ICE Futures Monthly and Year-to-Date Volume

February 2011

February 2010

Percent Change

ICE Futures Europe

23,590,625

16,969,873

39.0

ICE Futures U.S.

8,922,320

8,704,028

2.5

ICE Futures Canada & CCFE*

512,836

357,806

43.3

Total Futures

33,025,781

26,031,707

26.9

2-mos 2011

2-mos 2010

Percent Change

ICE Futures Europe

47,121,490

32,387,929

45.5

ICE Futures U.S.

16,585,454

16,069,939

3.2

ICE Futures Canada & CCFE*

883,369

600,391

47.1

Total Futures

64,590,313

49,058,259

31.7

*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.

ICE Futures Open Interest

February 28, 2011

December 31, 2010

ICE Futures Europe

3,795,257

3,329,205

ICE Futures U.S.

2,909,469

3,325,618

ICE Futures Canada & CCFE

262,484

283,246

Rolling Three-Month Average Rate per Contract (RPC)

Product Line

Three Months Ending

February 2011

Three Months Ending

January 2011

Three Months Ending

December 2010

ICE Futures Europe

$1.50

$1.53

$1.57

ICE Futures U.S. Ag

$2.08

$2.06

$2.07

ICE Futures U.S. Fin

$1.00

$0.94

$0.93

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 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, 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, 2010, as filed with the SEC on February 9, 2011.

ICE-CORP

SOURCE IntercontinentalExchange



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