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ICE Reports Solid Futures Volume Growth for July 2010; $10.9 Trillion Cleared in CDS

August 3, 2010

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
                                          July        July        % Change
                                             2010        2009
    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
    relationship between ICE Futures Europe and the European Climate
    Exchange. ICE Futures Europe
    shares in the transaction fee revenue derived from these contracts.
    On July 8, ICE completed its
    acquisition of Climate Exchange, which is the parent company of ECX.
    (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; ICE Coal futures; and ICE Dutch
    TTF Gas futures.
    (3) "Index futures & options" includes Russell 2000(R) mini futures and
    options and futures for the Russell
    1000(R) mini, the Continuous Commodity Index, the Euro Index and the
    NYSE Composite.
    (4) "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.
    (5) "Currency futures and options" include futures and options for
    the U.S. Dollar Index and foreign
    exchange.

                 ICE Futures Year-to-Date ADV
                           7-mos                     Percent
                           2010      7-mos 2009       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
                                                       Percent
                          July 2010     July 2009       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         7-mos       Percent
                             2010          2009         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
                                                      December 31,
                                  July 31, 2010            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)
                         Three Months  Three Months  Three Months
         Product Line       Ending        Ending        Ending
                          July 2010     June 2010     May 2010
    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


Source: newswire



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