ICE Reports Record Futures Volume for February; Monthly ADV Records at ICE Futures Europe and ICE Futures U.S.; $6.3 Trillion Cleared in CDS

ATLANTA, March 2 /PRNewswire-FirstCall/ -- 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 (ADV) across its futures exchanges in February. Total futures volume in February 2010 was 26 million contracts, surpassing by 6% the previous record of 24.5 million contracts set in September 2009. ADV increased 39% from February 2009 to 1,370,090 contracts, representing ICE's second consecutive monthly ADV record. ICE Futures Europe established a monthly volume record of 16,969,873 contacts, and its second consecutive monthly ADV record of  893,151 contracts, up 46% from February 2009. ICE Futures U.S. also established record monthly ADV of 458,107 contracts, an increase of 29% over February 2009.

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February 2010 Review

• ICE Futures Europe records achieved in February:
  • The ICE Brent Crude futures contract established monthly volume and ADV records of 8,055,262 and 423,961 contracts, respectively. An open interest record of 857,981 contracts was set on February 26.
  • The ICE Gasoil futures contract established monthly volume and ADV records of 4,113,214 and 216,485 contracts, respectively. An open interest record of 670,822 contracts was also set on February 8.
  • Volume and open interest records were also established for emissions and coal futures contracts.
• ICE Futures U.S. records achieved in February:
  • The U.S. Dollar Index established its second consecutive monthly volume and ADV records of 521,754 and 27,461 contracts, respectively. Compared to February 2009, ADV increased nearly 400% and open interest rose more than 125%.
• Since launch, ICE's credit default swaps (CDS) clearing houses have cleared $6.3 trillion in gross notional value on more than 100,000 transactions. ICE now offers CDS clearing for 53 indexes and 64 single name instruments across the U.S. and Europe.
  • ICE Trust U.S. (ICE Trust) has cleared $4.2 trillion of gross notional value, including $47 billion in single-name instruments, resulting in combined open interest of $285 billion.
  • ICE Clear Europe has cleared euro 1.5 trillion ($2.1 trillion) of gross notional value, including euro 97 billion in single-name instruments, resulting in euro 169 billion ($231 billion) of combined open interest.
• On February 5, ICE cleared the first trades of its Platts Iron Ore 62% IODEX swap contract.
• On February 12, ICE Futures Europe announced the March 15 launch of a natural gas futures contract based on the Title Transfer Facility (TTF) in the Netherlands.
• On February 17, ICAP Energy announced the launch of its TrueQuote OTC oil swap service, with execution, straight-through-processing and clearing provided by ICE.
• On February 19, ICE announced the appointment of Christopher S. Edmonds as President of ICE Trust.
• Trading days in February 2010:
  • ICE Futures Europe: 19
  • ICE Futures U.S.: 19
  • ICE Futures Canada: 19

    
    
               ICE Futures Contracts & Markets Monthly ADV
    
             Product Line                          ADV        ADV      
                                                 February   February     ADV  
                                                   2010       2009    % Change
                                                   ----       ----    --------
    ICE Brent Crude futures & options             424,577    276,978     53.3
    ICE Gasoil futures & options                  217,652    113,416     91.9
    ICE WTI Crude futures & options               207,704    185,472     12.0
    ICE ECX emissions futures & options (1)        24,155     22,357      8.0
    Other futures contracts (2)                    19,063     15,145     25.9
    ---------------------------                    ------     ------     ----
    TOTAL ICE FUTURES EUROPE                      893,151    613,368     45.6
    ------------------------                      -------    -------     ----
    Russell 2000(R) mini futures & options        132,524    147,834    -10.4
    Sugar No. 11 futures & options                192,373    128,837     49.3
    Other agricultural commodity contracts (3)    101,676     69,737     45.8
    Currency futures (4)                           30,649      8,367    266.3
    Index futures (5)                                 738      1,226    -39.8
    Other contracts (6)                               147        318    -53.9
    -------------------                               ---        ---    -----
    TOTAL ICE FUTURES U.S.                        458,107    356,319     28.6
    ----------------------                        -------    -------     ----
    TOTAL ICE FUTURES CANADA                       18,832     18,986     -0.8
    ------------------------                       ------     ------     ----
    TOTAL FUTURES CONTRACTS                     1,370,090    988,673     38.6%
    -----------------------                     ---------    -------     ----
    
    (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; and ICE Coal 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(R) 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
    
                              2-mos 2010       2-mos 2009    Percent Change
                              ----------       ----------    --------------
    ICE Futures Europe           852,314          643,476          32.5
    ICE Futures U.S.             422,893          326,633          29.5
    ICE Futures Canada            15,395           15,985          -3.7
    ------------------            ------           ------          ----
    Total Futures              1,290,602          986,094          30.9%
    -------------              ---------          -------          ----

    
    
                           ICE Futures Monthly and Year-to-Date Volume
    
                           February 2010    February 2009    Percent Change
                           -------------    -------------    --------------
    ICE Futures Europe        16,969,873       12,267,356          38.3
    ICE Futures U.S.           8,704,028        6,770,061          28.6
    ICE Futures Canada           357,806          360,733          -0.8
    ------------------           -------          -------          ----
    Total Futures             26,031,707       19,398,150          34.2%
    -------------             ----------       ----------          ----
    
                              2-mos 2010       2-mos 2009    Percent Change
                              ----------       ----------    --------------
    ICE Futures Europe        32,387,929       26,382,504          22.8
    ICE Futures U.S.          16,069,939       12,738,697          26.2
    ICE Futures Canada           600,391          639,380          -6.1
    ------------------           -------          -------          ----
    Total Futures             49,058,259       39,760,581          23.4%
    -------------             ----------       ----------          ----

    
    
                                      ICE Futures Open Interest
    
                                   February 28, 2010     December 31, 2009
                                   -----------------     -----------------
    ICE Futures Europe                   2,976,776            2,647,694
    ICE Futures U.S.                     2,957,796            3,375,176
    ICE Futures Canada                     119,753              118,181

    
    
                   Rolling Three-Month Average Rate per Contract (RPC)
    
                             Three Months   Three Months     Three Months
                                Ending         Ending           Ending
                             February 2010   January 2010    December 2009
                             -------------   ------------    -------------
       Product Line                                      
    ICE Futures Europe           $1.54           $1.57          $1.54
    ICE Futures U.S. Ag          $2.15           $2.10          $2.10
    ICE Futures U.S. Fin         $0.96           $0.94          $0.86

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 55 countries. www.theice.com 

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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.

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