ICE Reports Increase in Futures Volume for October 2009; $3.5 Trillion Cleared in CDS Globally

November 3, 2009

ATLANTA, Nov. 3 /PRNewswire-FirstCall/ — IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported volume growth across its three futures exchanges for the month of October 2009. Average daily volume (ADV) for ICE’s futures markets was 1,076,498 contracts, an increase of 1% from October 2008. Year-to-date through October 31, 2009, ADV across ICE’s futures exchanges was 1,036,352 contracts, an increase of 11% compared to the first ten months of 2008. Total futures volume for the month of October was 23.7 million contracts.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO )

October 2009 Review

  • Through October 31, 2009, ICE’s CDS clearing houses cleared over $3.5 trillion in notional value across 43,353 transactions.
    • Since its inception in March 2009, ICE Trust has cleared $2.6 trillion of notional value, resulting in $187 billion of open interest.
    • ICE Clear Europe has cleared euro 631 billion ($931 billion) of notional value since its July 2009 launch, resulting in euro 68 billion of open interest.
  • On October 1, ICE announced Sir Callum McCarthy’s appointment to the IntercontinentalExchange Board of Directors.
  • On October 2, ICE announced that testing for its buy-side CDS clearing solution was expected to be underway at the end of October, and ICE now expects the rollout in the fourth quarter, subject to regulatory approval, and in advance of the December 15 commitment made by the industry participants to regulators.
  • On October 28, ICE Trust was recognized for “Best innovation by a clearing house, Americas” and ICE Clear Europe was recognized for “Best innovation by a clearing house, Europe, Middle East and Africa” by FOW, a leading global derivatives publication.
  • Trading days in October 2009:
    • ICE Futures Europe: 22
    • ICE Futures U.S.: 22
    • ICE Futures Canada: 21
  • ICE Futures Europe records achieved in October 2009:
    • The exchange established a month-end open interest record of 2,920,790 contracts, an increase of 39% from December 31, 2008.
    • Open interest records were also established for ICE Gasoil futures, ICE U.K. Natural Gas futures and ICE WTI options, as well as several emissions and coal futures contracts.
    • Volume and ADV records were established for the ICE ECX emissions EUA and CER daily futures.

                   ICE Futures Contracts & Markets Monthly ADV

                                                ADV        ADV
                                              October    October        ADV
             Product Line                      2009       2008      % Change
             ------------                     -------    -------        ----
    ICE Brent Crude futures & options         314,709    282,604        11.4
    ICE WTI Crude futures & options           198,388    196,490         1.0
    ICE Gasoil futures & options              154,859    125,926        23.0
    ICE ECX emissions futures & options(1)     19,825     17,928        10.6
    Other futures contracts(2)                 16,407      7,659       114.2
    TOTAL ICE FUTURES EUROPE                  704,188    630,607        11.7
    Russell 2000((R)) mini futures & options  157,010    221,946       -29.3
    Sugar No. 11 futures & options            115,270    103,685        11.2
    Other agricultural commodity contracts(3)  65,995     75,190       -12.2
    Currency futures(4)                         4,463      4,523        -1.3
    Index futures(5)                           12,800      8,401        52.4
    Other contracts(6)                            214      2,397       -91.1
    TOTAL ICE FUTURES U.S.                    355,752    416,142       -14.5
    TOTAL ICE FUTURES CANADA                   16,558     14,063        17.7
    ------------------------                ---------  ---------        ----
    TOTAL FUTURES CONTRACTS                 1,076,498  1,060,812         1.5%

    (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 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 foreign exchange futures.
    (5) "Index futures" include futures for the U.S. Dollar Index, Russell
        2000 (full size), Russell 1000®, Russell 1000 mini, the Continuous
        Commodity Index, the Euro Index, and the NYSE Composite. The
        transition of the Russell Index futures and options contracts to
        exclusive trading on ICE occurred in September 2008.
    (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

                             10-mos 2009      10-mos 2008     Percent Change
                             -----------      -----------     --------------
    ICE Futures Europe            646,922          601,198               7.6
    ICE Futures U.S.              375,332          318,767              17.7
    ICE Futures Canada             14,098           13,791               2.2
    Total Futures               1,036,352          933,756                11%
                          ICE Futures Monthly and Year-to-Date Volume

                            October 2009      October 2008    Percent Change
                            ------------      ------------    --------------
    ICE Futures Europe        15,492,139        14,503,964               6.8
    ICE Futures U.S.           7,826,539         9,571,269             -18.2
    ICE Futures Canada           347,720           309,386              12.4
    Total Futures             23,666,398        24,384,619              -2.9%

                             10-mos 2009       10-mos 2008    Percent Change
                             -----------       -----------    --------------
    ICE Futures Europe       137,147,375       130,460,019               5.1
    ICE Futures U.S.          78,819,632        67,881,657              16.1
    ICE Futures Canada         2,946,497         2,909,829               1.3
    Total Futures            218,913,504       201,251,505               8.8%
                                 ICE Futures Open Interest

                                     October 31, 2009      December 31, 2008
                                     ----------------      -----------------
    ICE Futures Europe                      2,920,790              2,102,574
    ICE Futures U.S.                        3,383,403              3,028,877
    ICE Futures Canada                         90,918                 97,673
                Rolling Three-Month Average Rate per Contract (RPC)

                                      Three Months  Three Months  Three Months
                                           Ending       Ending         Ending
                                           October     September       August
     Product Line                           2009         2009           2009
     ------------                           ----         ----           ----
    ICE Futures Europe                     $1.52        $1.53          $1.56
    ICE Futures U.S. Ag                    $2.05        $2.08          $2.10
    ICE Futures U.S. Fin                   $0.86        $0.89          $0.91

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:


About IntercontinentalExchange

IntercontinentalExchange® (NYSE: ICE) operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets. 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, currency and Russell Index markets. ICE® offers trade execution and processing for the credit derivatives markets through Creditex® and ICE Link(TM), respectively, and CDS clearing through ICE Trust(TM). A component of the Russell 1000® and S&P 500 indexes, ICE serves customers in more than 50 countries and is headquartered in Atlanta, with offices in New York, London, Chicago, Winnipeg, Calgary, Houston and Singapore. 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, 2008, as filed with the SEC on February 11, 2009.

SOURCE IntercontinentalExchange

Source: newswire

comments powered by Disqus