ICE Reports Futures Volume for November 2008; November ADV up 9%; Year-to-Date ADV Up 20%
ICE), a leading operator of regulated global futures exchanges and over-the-
counter (OTC) markets, today reported that average daily volume (ADV) for all
ICE futures contracts reached 876,393 for the month, an increase of 9% from
804,944 contracts in
Total volume was 17.4 million contracts across its futures exchanges for
the month of
three regulated futures exchanges: ICE Futures Europe(R), ICE Futures U.S.(R)
and ICE Futures Canada(TM), in addition to its global OTC markets for energy
and credit derivatives.
Year-to-date through
increased 20% to 929,170, compared to the same period in 2007. ADV for ICE
Futures Europe and ICE Futures U.S. grew 10% and 48%, respectively, compared
to the first 11 months of 2007. ADV for ICE Futures Canada declined 1%
through
European Futures Volume and RPC
ICE Futures Europe is ICE’s
November, ICE Futures Europe reported monthly volume of 11,172,470 contracts,
a 14% decrease from 12,924,144 contracts in
down 5% from ADV of 587,461 the prior November.
The three-month rolling average rate per contract (RPC) for
was
clearing revenue for the month of November relating to the launch of ICE Clear
Europe(TM) on
periods ended October and
transaction revenues by contract volume, and can vary based on pricing,
customer and product mix.
On
2,158,966 contracts, compared to 1,641,399 contracts at
North American Futures Volume and RPC
ICE’s agricultural, soft commodity, financial and index futures trade on
ICE’s U.S. and Canadian futures exchanges.
U.S. grew 52% to 310,446 contracts compared to 204,056 contracts in
2007
increase over 4,107,051 contracts in
The three-month rolling average RPC for
Futures U.S. agricultural futures and options. RPC averaged
for the three-months ended
for ICE Futures U.S. financial futures and options contracts averaged
for the three-months ended
three-months ended
On
contracts, compared to 3,389,923 contracts at
ICE Futures Canada recorded
down 51% from
November. Open interest for ICE Futures Canada was 103,522 on
2008
ICE Futures: Rolling Three-Month Average Rate per Contract
Product Line Three Months Three Months Three Months
Ending Ending Ending
November 2008 October 2008 September 2008
ICE Futures Europe $1.32 $1.22 $1.22
ICE Futures U.S. Ag $2.24 $2.24 $2.22
ICE Futures U.S. Fin $0.88 $1.01 $1.18
Additional November 2008 Information:
-- On November 25, ICE announced plans to introduce more than 50
additional cleared OTC energy contracts, with the first set of 21
products launching on December 5.
-- On November 24, Creditex Group Inc., a wholly-owned owned subsidiary of
ICE, and Markit announced the compression of $1.036 trillion in
notional value of credit default swap, or CDS, transactions since
August 2008.
-- On November 6, ICE Futures U.S. launched ICE Millions. The contracts
are ten times the notional value of the existing suite of ICE FX
futures and options contracts and cover a dozen currency cross
rates.
-- On November 3, ICE completed the transition of all ICE Futures Europe
and ICE OTC trading positions from LCH.Clearnet to ICE Clear Europe.
-- Trading days in November 2008:
-- ICE Futures Europe: 20
-- ICE Futures U.S. Agricultural: 19
-- ICE Futures U.S. Currency and Index: 20
-- ICE Futures Canada: 19
-- ICE Futures Europe product records achieved in November 2008:
-- The ICE ECX CER emissions futures contract achieved a monthly volume
record of 90,272 and record ADV of 4,514.
-- ICE Futures U.S. product records achieved for the month:
-- The mini Russell 2000(R) Index futures set an open interest record
of 512,168 in November.
-- The new ICE Millions foreign exchange futures contracts achieved
record volume with 1,268 contracts, or 12,680 mini-equivalent
contracts, traded on November 20.
-- A new daily volume record of 2,161 contracts was set for the mini
Russell 1000(R) Index futures contract on November 19.
ICE Futures: November 2008 Average Daily Volume by Product
ADV ADV ADV
November November % Change
Product Line 2008 2007
ICE Brent Crude futures 267,064 244,694 9.1
ICE WTI Crude futures 161,810 216,019 -25.1
ICE Gas Oil futures 104,624 115,468 -9.4
Other contracts (1) 25,126 11,280 122.7
Total ICE Futures Europe 558,624 587,461 -4.9
Russell 2000 mini futures &
options 149,239 526 28,255.3
Sugar No. 11 futures & options 78,997 89,309 -11.5
Other agricultural commodity
contracts (2) 72,243 101,782 -29.0
Currency futures (3) 3,949 6,621 -40.4
Index futures (4) 5,767 4,934 16.9
Other contracts (5) 251 884 -71.6
Total ICE Futures U.S. 310,446 204,056 52.1
Total ICE Futures Canada (6) 7,323 13,427 -45.5
TOTAL FUTURES CONTRACTS 876,393 804,944 8.9
(1) "Other contracts" include ICE Middle East Sour Crude futures; ICE
Heating Oil futures; ICE Unleaded Gasoline Blendstock (RBOB) futures;
ICE UK Natural Gas futures; ICE-ECX CFI futures; ICE-ECX CFI CER
futures; ICE UK Electricity futures; ICE Coal futures; ICE Brent
options; ICE WTI options, ICE Gas Oil options; ICE-ECX CFI options
and ICE-ECX CFI CER options. The ICE-ECX CFI futures and options
contracts and the ICE-ECX CFI CER futures and options contracts are
the result of a cooperative relationship between ICE Futures Europe
and the Chicago Climate Exchange, Inc. and its subsidiary, the
European Climate Exchange. ICE Futures Europe shares in the revenue
derived from the ECX CFI and ECX CER futures and options contracts.
(2) "Other agricultural commodity contracts" include futures and/or
options for Cocoa, Coffee "C", Cotton No. 2, Orange Juice, and Sugar
No. 14.
(3) "Currency futures" include futures for foreign exchange products.
(4) "Index futures" include futures for the US Dollar Index, Russell 2000
(full size), Russell 1000, Russell 1000 mini, the Continuous Commodity
Index, the Euro Index, and the NYSE Composite.
(5) "Other contracts" include options on foreign exchange futures and
options on index futures, excluding Russell 2000 mini options.
(6) "ICE Futures Canada" includes futures and options for Canola and Feed
Wheat.
Monthly RPC and volumes are estimated using best available current
information. Final figures are reported in ICE’s quarterly and annual filings
with the Securities and Exchange Commission.
Historical futures volume and OTC commission data can be found at:
http://ir.theice.com/supplemental.cfm
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) operates regulated global futures
exchanges and over-the-counter (OTC) markets for agricultural, energy, equity
index and currency contracts, as well as credit derivatives. ICE(R) offers
these markets to participants around the world through its technology
infrastructure and trading platform, together with clearing, market data and
risk management services. ICE Futures Europe(R) is ICE’s regulated energy
futures exchange. ICE’s regulated North American exchanges, ICE Futures U.S.
(R) and ICE Futures Canada(TM), offer markets for agricultural and financial
contracts. Creditex, a market leader in trade execution and processing for
credit derivatives, is also a wholly-owned subsidiary of ICE. A member of the
Russell 1000(R) and S&P 500 indices, ICE is headquartered in
offices in
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
quarters ended
SOURCE IntercontinentalExchange
