ICE Reports Futures ADV Growth of 23% for October 2010; $13 Trillion Cleared in CDS Globally
ATLANTA, Nov. 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 solid futures volume growth in October 2010. Average daily volume (ADV) across ICE's futures exchanges was 1,325,817 contracts, up 23% from October 2009.
Year-to-date through October 31, 2010, ADV across ICE's futures exchanges was 1,319,886 contracts, an increase of 27% from the first ten months of 2009. Total futures volume in October 2010 was 27.8 million contracts.
October 2010 Review
- ICE Futures Europe records achieved in October:
- The exchange set an open interest record of 3,690,273 contracts on October 8.
- The ICE Gasoil futures contract established a daily volume record of 371,831 contracts on October 20.
- The Newcastle Coal futures contract set monthly volume and ADV records, and open interest records were established in ECX EUA futures, Richards Bay coal futures and WTI options.
- ICE Futures Canada records achieved in October:
- ICE Futures Canada reported a monthly ADV record of 25,622 contracts and an open interest record of 223,465 contracts on October 20.
- ICE Clear Europe was named Best OTC Clearing House by Financial News at the 8th Annual Awards for Excellence in Trading and Technology, Europe 2010.
- On October 11, ICE announced the introduction of 35 new energy and emissions contracts.
- On October 20, ICE announced the launch of two German natural gas futures on ICE Futures Europe, pending regulatory approval.
- Through October 29, ICE's CDS clearing houses have cleared $13.1 trillion in gross notional value on a cumulative basis across 339,729 transactions. ICE currently lists 258 CDS contracts for clearing.
- ICE Trust U.S. (ICE Trust) has cleared $7.9 trillion of gross notional value since inception, including $521 billion in single-name CDS, resulting in open interest of $538 billion. ICE Trust offers clearing for 38 indexes and 89 single-name instruments.
- ICE Clear Europe has cleared euro 3.8 trillion ($5.2 trillion) of gross notional value since inception, including euro 592 billion ($780 billion) in single-name CDS, resulting in euro 451 billion ($628 billion) of open interest. ICE Clear Europe offers clearing for 30 indexes and 101 single-name instruments.
- Trading days in October 2010:
- ICE Futures Europe: 21
- ICE Futures U.S.: 21
- ICE Futures Canada: 20
- Chicago Climate Futures Exchange: 21
ICE Futures Contracts & Markets Monthly ADV |
||||
Product Line |
ADV October 2010 |
ADV October 2009 |
ADV % Change |
|
ICE Brent Crude futures & options |
408,249 |
314,709 |
29.7 |
|
ICE Gasoil futures & options |
242,427 |
154,859 |
56.5 |
|
ICE WTI Crude futures & options |
207,902 |
198,388 |
4.8 |
|
ICE ECX emissions futures & options |
21,418 |
19,825 |
8.0 |
|
Other futures contracts (1) |
19,309 |
16,407 |
17.7 |
|
TOTAL ICE FUTURES EUROPE |
899,305 |
704,188 |
27.7 |
|
Index futures & options (2) |
132,190 |
157,769 |
-16.2 |
|
Sugar No. 11 futures & options |
140,941 |
115,270 |
22.3 |
|
Other agricultural commodity contracts (3) |
98,157 |
65,995 |
48.7 |
|
Currency futures and options contracts (4) |
28,388 |
16,718 |
69.8 |
|
TOTAL ICE FUTURES U.S. |
399,676 |
355,752 |
12.3 |
|
TOTAL ICE FUTURES CANADA & CCFE(5) |
26,836 |
16,558 |
62.1 |
|
TOTAL FUTURES CONTRACTS |
1,325,817 |
1,076,498 |
23.2% |
|
(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 |
||||
10-mos 2010 |
10-mos 2009 |
Percent Change |
||
ICE Futures Europe |
869,897 |
646,922 |
34.5 |
|
ICE Futures U.S. |
432,733 |
375,332 |
15.3 |
|
ICE Futures Canada & CCFE* |
17,256 |
14,098 |
22.4 |
|
Total Futures ADV |
1,319,886 |
1,036,352 |
27.4 |
|
ICE Futures Monthly and Year-to-Date Volume |
||||
October 2010 |
October 2009 |
Percent Change |
||
ICE Futures Europe |
18,885,414 |
15,492,139 |
21.9 |
|
ICE Futures U.S. |
8,393,192 |
7,826,539 |
7.2 |
|
ICE Futures Canada &CCFE* |
537,936 |
347,720 |
54.7 |
|
Total Futures Volume |
27,816,542 |
23,666,398 |
17.5 |
|
10-mos 2010 |
10-mos 2009 |
Percent Change |
||
ICE Futures Europe |
181,808,500 |
137,147,375 |
32.6 |
|
ICE Futures U.S. |
90,441,158 |
78,819,632 |
14.7 |
|
ICE Futures Canada & CCFE* |
3,589,721 |
2,946,497 |
21.8 |
|
Total Futures Volume |
275,839,379 |
218,913,504 |
26.0 |
|
ICE Futures Open Interest |
|||
October 31, 2010 |
December 31, 2009 |
||
ICE Futures Europe |
3,589,751 |
2,647,694 |
|
ICE Futures U.S. |
3,376,277 |
3,375,176 |
|
ICE Futures Canada & CCFE* |
359,418 |
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 October 2010 |
Three Months Ending September 2010 |
Three Months Ending August 2010 |
|
ICE Futures Europe |
$1.53 |
$1.54 |
$1.52 |
|
ICE Futures U.S. Ag |
$2.09 |
$2.13 |
$2.18 |
|
ICE Futures U.S. Fin |
$0.80 |
$0.73 |
$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
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