ICE Reports Solid Futures Volume Growth for July 2010; $10.9 Trillion Cleared in CDS
ATLANTA, Aug. 3 /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 July 2010. Average daily volume (ADV) for ICE's futures markets was 1,149,022 contracts, up 13% from July 2009.
Year-to-date through July 31, 2010, ADV across ICE's futures exchanges was 1,313,713 contracts, an increase of 29% compared to the same period of 2009. Total futures volume in July 2010 was 24.1 million contracts.
July 2010 Review
- ICE Futures Europe records achieved in July:
- The exchange established an overall open interest record in July.
- Volume and open interest records were also established for emissions, UK Natural Gas, ICE TTF Natural Gas and UK power futures.
- Cumulative gross notional value cleared by ICE's credit default swap (CDS) clearing houses surpassed $10 trillion during the week ending July 2.
- On July 8, ICE completed its acquisition of Climate Exchange, a leading operator of global emissions markets. ADV at Chicago Climate Futures Exchange was 1,204 contracts in July, with volume in Renewable Energy Certificate contracts establishing a new monthly record.
- ICE marked the five-year anniversary of ICE Link, the leading affirmation and novation consent platform for CDS. ICE Link provides market-leading connectivity to 416 buy-side firms, 23 dealers, 11 prime brokerage/clearing member firms and five interdealer brokers. In the first half of 2010, ICE Link processed over 1 million trades.
- On July 19, ICE launched five new cleared OTC crude and refined oil calendar spread options.
- On July 28, ICE Clear Europe observed the one-year anniversary of European CDS clearing.
- Through July 30, ICE's CDS clearing houses have cleared $10.9 trillion in gross notional value on a cumulative basis on 256,131 transactions. ICE currently lists 233 CDS contracts for clearing.
- ICE Trust U.S. (ICE Trust) has cleared $6.7 trillion of gross notional value since inception, including $338 billion in single-name CDS, resulting in open interest of $450 billion. ICE Trust offers clearing for 35 indexes and 71 single-name instruments.
- ICE Clear Europe has cleared euro 3.1 trillion ($4.2 trillion) of gross notional value since inception, including euro 444 billion in single-name CDS, resulting in euro 407 billion ($531 billion) of open interest. ICE Clear Europe offers clearing for 26 indexes and 101 single-name instruments.
- Trading days in July 2010:
- ICE Futures Europe: 21
- ICE Futures U.S.: 21
- ICE Futures Canada: 21
ICE Futures Contracts & Markets Monthly ADV | ||||
Product Line | ADV | ADV | ADV | |
ICE Brent Crude futures & options | 349,930 | 325,458 | 7.5 | |
ICE Gasoil futures & options | 194,716 | 165,697 | 17.5 | |
ICE WTI Crude futures & options | 163,666 | 189,621 | -13.7 | |
ICE ECX emissions futures & options (1) | 24,949 | 21,405 | 16.6 | |
Other futures contracts (2) | 27,504 | 14,615 | 88.2 | |
TOTAL ICE FUTURES EUROPE | 760,765 | 716,796 | 6.1 | |
Index futures & options (3) | 169,998 | 129,695 | 31.1 | |
Sugar No. 11 futures & options | 116,284 | 102,449 | 13.5 | |
Other agricultural commodity contracts (4) | 68,721 | 45,503 | 51.0 | |
Currency futures and options contracts (5) | 23,075 | 9,955 | 131.8 | |
TOTAL ICE FUTURES U.S. | 378,078 | 287,602 | 31.5 | |
TOTAL ICE FUTURES CANADA | 10,179 | 8,039 | 26.6 | |
TOTAL FUTURES CONTRACTS | 1,149,022 | 1,012,437 | 13.5 | |
(1) ICE ECX EUA and ICE ECX CER futures and options contracts are the result of a cooperative (2) "Other futures contracts" include ICE Middle East Sour Crude futures; ICE ASCI Gulf Coast Sour Crude (3) "Index futures & options" includes Russell 2000® mini futures and options and futures for the Russell (4) "Other agricultural commodity contracts" include futures and/or options for Cocoa, Coffee "C", Cotton (5) "Currency futures and options" include futures and options for the U.S. Dollar Index and foreign | ||||
ICE Futures Year-to-Date ADV | ||||
7-mos 2010 | 7-mos 2009 | Percent Change | ||
ICE Futures Europe | 864,619 | 636,213 | 35.9 | |
ICE Futures U.S. | 433,338 | 364,869 | 18.8 | |
ICE Futures Canada | 15,756 | 14,323 | 10.0 | |
Total Futures | 1,313,713 | 1,015,405 | 29.4 | |
ICE Futures Monthly and Year-to-Date Volume | ||||
July 2010 | July 2009 | Percent Change | ||
ICE Futures Europe | 15,976,074 | 15,769,521 | 1.3 | |
ICE Futures U.S. | 7,939,645 | 6,327,237 | 25.5 | |
ICE Futures Canada | 213,752 | 176,868 | 20.9 | |
Total Futures | 24,129,471 | 22,273,626 | 8.3 | |
7-mos 2010 | 7-mos 2009 | Percent Change | ||
ICE Futures Europe | 125,369,792 | 94,159,478 | 33.1 | |
ICE Futures U.S. | 62,834,048 | 53,270,894 | 18.0 | |
ICE Futures Canada | 2,300,409 | 2,105,484 | 9.3 | |
Total Futures | 190,504,249 | 149,535,856 | 27.4 | |
ICE Futures Open Interest | |||
July 31, 2010 | December 31, 2009 | ||
ICE Futures Europe | 3,312,918 | 2,647,694 | |
ICE Futures U.S. | 2,819,088 | 3,375,176 | |
ICE Futures Canada | 173,536 (July 29) | 118,181 | |
Rolling Three-Month Average Rate per Contract (RPC) | ||||
Product Line | Three Months Ending | Three Months Ending | Three Months Ending | |
ICE Futures Europe | $1.51 | $1.49 | $1.51 | |
ICE Futures U.S. Ag | $2.18 | $2.19 | $2.13 | |
ICE Futures U.S. Fin | $0.71 | $0.71 | $0.77 | |
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.
ICE-CORP
SOURCE IntercontinentalExchange
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