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ICE Reports Futures Volume for November 2008; November ADV up 9%; Year-to-Date ADV Up 20%

December 2, 2008
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ATLANTA, Dec. 2 /PRNewswire-FirstCall/ — IntercontinentalExchange (NYSE:
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 November 2007.

Total volume was 17.4 million contracts across its futures exchanges for
the month of November 2008, a modest increase over November 2007. ICE operates
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 November 30, 2008, ADV for ICE Futures contracts
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 November 30, compared to the same period in 2007.

European Futures Volume and RPC

ICE Futures Europe is ICE’s London-based energy futures exchange. In
November, ICE Futures Europe reported monthly volume of 11,172,470 contracts,
a 14% decrease from 12,924,144 contracts in November 2007. ADV was 558,624,
down 5% from ADV of 587,461 the prior November.

The three-month rolling average rate per contract (RPC) for November 2008
was $1.32. RPC for the most recent three-month period includes futures
clearing revenue for the month of November relating to the launch of ICE Clear
Europe(TM) on November 3. RPC averaged $1.22 for each of the three-month
periods ended October and September 2008. RPC is calculated by dividing
transaction revenues by contract volume, and can vary based on pricing,
customer and product mix.

On November 30, 2008, open interest for ICE Futures Europe was a record
2,158,966 contracts, compared to 1,641,399 contracts at December 31, 2007.

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. November 2008 ADV at ICE Futures
U.S. grew 52% to 310,446 contracts compared to 204,056 contracts in November
2007
. Total volume increased to 6,057,677 contracts in November 2008, a 47%
increase over 4,107,051 contracts in November 2007.

The three-month rolling average RPC for November 2008 was $2.24 for ICE
Futures U.S. agricultural futures and options. RPC averaged $2.24 and $2.22
for the three-months ended October 2008 and September 2008, respectively. RPC
for ICE Futures U.S. financial futures and options contracts averaged $0.88
for the three-months ended November 2008. RPC averaged $1.01 and $1.18 for the
three-months ended October 2008 and September 2008, respectively.

On November 30, 2008, open interest for ICE Futures U.S. was 3,100,249
contracts, compared to 3,389,923 contracts at December 31, 2007.

ICE Futures Canada recorded November 2008 volume of 139,131 contracts,
down 51% from November 2007. ADV was 7,323, a decrease of 45% from the prior
November. Open interest for ICE Futures Canada was 103,522 on November 30,
2008
, compared to 168,928 contracts on December 31, 2007.


          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 Atlanta, with
offices in New York, London, Chicago, Winnipeg, Calgary, Houston and
Singapore. www.theice.com.

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, 2007, and ICE’s Quarterly Reports on Form 10-Q for the
quarters ended June 30, 2008 and September 30, 2008, as filed with the SEC on
February 13, 2008, August 4, 2008, and October 30, 2008, respectively.

SOURCE IntercontinentalExchange


Source: newswire