ICE Reports Record Futures ADV in May, Up 44%; $9 Trillion in CDS Cleared Globally to Date

Jun 02, 2010, 08:30 ET from IntercontinentalExchange: Corporate - CORP

ATLANTA, June 2 /PRNewswire-FirstCall/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported strong futures volume growth in May 2010. Average daily volume (ADV) for ICE's futures markets grew 44% from May 2009 to a record 1,441,567 contracts in May 2010. ICE Futures Europe established its fourth monthly ADV record in 2010 with 983,100 contracts traded, up 59% from May 2009.

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Year-to-date through May 31, 2010, ADV across ICE's futures exchanges was 1,340,093 contracts, an increase of 34% compared to the same period of 2009. Total futures volume in May 2010 was 28.8 million contracts.

May 2010 Review

  • ICE Futures Europe records achieved in May:
    • The exchange set an ADV record of 983,100 contracts.
    • The ICE Brent crude futures contract established an ADV record of 453,124 contracts.
    • Volume and open interest records were established in emissions, coal and UK Natural Gas futures contracts.
  • ICE Futures U.S. records achieved in May:
    • Russell 2000® Index mini futures established a monthly ADV record of 221,573 contracts, and Russell 2000 Index options on futures set a monthly volume record of 30,915 and a daily volume record of 4,896 contracts on May 20.
    • The ICE U.S. Dollar Index (USDX) established monthly volume and ADV records of 713,384 and 35,669 contracts, respectively.
  • Through May 28, ICE's CDS clearing houses have cleared $9 trillion in gross notional value on a cumulative basis on more than 195,000 transactions. ICE currently lists 233 CDS contracts for clearing.
    • ICE Trust U.S. (ICE Trust) has cleared $5.7 trillion of gross notional value since inception, including $213 billion in single-name CDS, resulting in open interest of $405 billion. ICE Trust offers clearing for 35 indexes and 71 single-name instruments. ICE Trust has also cleared $1.2 billion of non-clearing house member, or buy-side, transactions since launch on December 14.
    • ICE Clear Europe has cleared euro 2.4 trillion ($3.3 trillion) of gross notional value since inception, including euro 330 billion in single-name CDS, resulting in euro 343 billion ($422 billion) of open interest. ICE Clear Europe offers clearing for 26 indexes and 101 single-name instruments.
  • Trading days in May 2010:
    • ICE Futures Europe: 20
    • ICE Futures U.S.: 20
    • ICE Futures Canada: 20

ICE Futures Contracts & Markets Monthly ADV

Product Line

ADV

May

2010

ADV

May

2009

ADV

% Change

ICE Brent Crude futures & options

453,358

272,127

66.6

ICE Gasoil futures & options

200,094

143,707

39.2

ICE WTI Crude futures & options

266,090

168,878

57.6

ICE ECX emissions futures & options (1)

34,577

21,562

60.4

Other futures contracts (2)

28,981

13,838

109.4

TOTAL ICE FUTURES EUROPE

983,100

620,112

58.5

Russell 2000® mini futures & options

223,119

148,267

50.5

Sugar No. 11 futures & options

112,245

148,767

-24.5

Other agricultural commodity contracts (3)

69,793

62,810

11.1

Currency futures (4)

39,560

8,814

348.8

Index futures (5)

1,713

638

168.5

Other contracts (6)

112

275

-59.3

TOTAL ICE FUTURES U.S.

446,542

369,571

20.8

TOTAL ICE FUTURES CANADA

11,925

14,552

-18.1

TOTAL FUTURES CONTRACTS

1,441,567

1,004,235

43.5%

(1) ICE ECX EUA and ICE ECX CER futures and options contracts are the result of a cooperative relationship between ICE Futures Europe and the European Climate Exchange. ICE Futures Europe shares in the transaction fee revenue derived from these contracts.

(2) "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.

(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" include futures for the U.S. Dollar Index and foreign exchange futures.

(5) "Index futures" include futures for the Russell 1000® mini, the Continuous Commodity Index, the Euro Index, and the NYSE Composite.

(6) "Other contracts" include options on foreign exchange futures and options on index futures, excluding Russell 2000 mini options.

ICE Futures Year-to-Date ADV

5-mos 2010

5-mos 2009

Percent Change

ICE Futures Europe

893,147

620,789

43.9

ICE Futures U.S.

431,926

364,369

18.5

ICE Futures Canada

15,020

15,469

-2.9

Total Futures

1,340,093

1,000,627

33.9%

ICE Futures Monthly and Year-to-Date Volume

May 2010

May 2009

Percent Change

ICE Futures Europe

19,661,992

12,402,248

58.5

ICE Futures U.S.

8,930,835

7,391,418

20.8

ICE Futures Canada

238,500

291,030

-18.0

Total Futures

28,831,327

20,084,696

43.5%

5-mos 2010

5-mos 2009

Percent Change

ICE Futures Europe

91,100,997

64,555,718

41.1

ICE Futures U.S.

44,056,412

37,165,603

18.5

ICE Futures Canada

1,547,055

1,593,351

-2.9

Total Futures

136,704,464

103,314,672

32.3%

ICE Futures Open Interest

May 31, 2010

December 31, 2009

ICE Futures Europe

3,170,339

2,647,694

ICE Futures U.S.

2,993,577

3,375,176

ICE Futures Canada

153,396

118,181

Rolling Three-Month Average Rate per Contract (RPC)

Product Line

Three Months

Ending

May 2010

Three Months

Ending

April 2010

Three Months

Ending

March 2010

ICE Futures Europe

$1.51

$1.51

$1.53

ICE Futures U.S. Ag

$2.13

$2.17

$2.13

ICE Futures U.S. Fin

$0.77

$0.84

$0.92

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 55 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, ICE Clear U.S., ICE Clear Canada, The Clearing Corporation, U.S. Dollar Index, ICE Link and Creditex. 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.

SOURCE IntercontinentalExchange: Corporate - CORP



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