ICE Reports Futures Volume for April; Year-to-date ADV up 15%
ATLANTA, May 3, 2011 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported futures volume in April 2011. Average daily volume (ADV) for ICE’s futures markets was 1,277,550 contracts, a decline of 8% from April 2010. Year-to-date through April 30, ADV across ICE’s futures exchanges was 1,518,454 contracts, an increase of 15% compared to the first four months of 2010. Total futures volume in April 2011 was 25.6 million contracts. Volume in April was largely impacted by the U.K. calendar, which this year included two consecutive four-day holiday weekends.
April 2011 Review
- ICE Futures Europe records:
- The exchange established an open interest record of 3,966,528 contracts on April 11.
- ICE Brent Crude options and ICE WTI Crude options established open interest records of 245,647 and 191,891 contracts, respectively.
- The ICE ECX CER futures contract established an open interest record of 183,418 contracts.
- On April 1, ICE and NASDAQ OMX proposed an acquisition of NYSE Euronext for $42.50 per share, a substantial premium to Deutsche Boerse’s proposal. ICE and NASDAQ OMX reiterated their commitment to NYSE Euronext shareholders on April 10, April 19, April 21, April 26 and May 2.
- On April 12, ICE announced a partnership to launch BRIX, a Brazilian marketplace for electric power, with anticipated launch in June 2011.
- ICE announced the May 16 introduction of 19 cleared natural gas products.
- Through April 26, ICE’s CDS clearing houses have cleared $17.8 trillion in gross notional value on a cumulative basis across 490,088 transactions. ICE currently lists 295 CDS contracts for clearing.
- ICE Trust U.S. (ICE Trust) reached $10.6 trillion in gross notional value cleared as of April 26, including $799 billion in single-name CDS, resulting in open interest of $624 billion. ICE Trust offers clearing for 41 indexes and 109 single-name contracts.
- ICE Clear Europe has cleared euro 5.3 trillion ($7.2 trillion) of gross notional value since inception, including euro 838 billion ($1.1 trillion) in single-name CDS, resulting in euro 520 billion ($758 billion) of open interest. ICE Clear Europe offers clearing for 34 indexes and 111 single-name contracts.
- Trading days in April 2011:
- ICE Futures Europe: 20
- ICE Futures U.S.: 20
- ICE Futures Canada: 20
- Chicago Climate Futures Exchange: 20
ICE Futures Contracts & Markets Monthly ADV
Product Line ADV ADV ADV
April April % Change
2011 2010
ICE Brent Crude futures &
options 428,433 419,969 2.0
ICE Gasoil futures & options 223,250 186,023 20.0
ICE WTI Crude futures & options 168,862 270,392 -37.5
ICE ECX emissions futures &
options 19,553 35,162 -44.4
Other futures contracts (1) 26,620 28,411 -6.3
TOTAL ICE FUTURES EUROPE 866,718 939,957 -7.8
Index futures & options (2) 113,101 153,172 -26.2
Sugar No. 11 futures & options 142,218 157,892 -9.9
Other agricultural commodity
contracts (3) 106,992 96,078 11.4
Currency futures and options
contracts (4) 27,053 24,356 11.1
TOTAL ICE FUTURES U.S. 389,364 431,498 -9.8
TOTAL ICE FUTURES CANADA &
CCFE(5) 21,468 19,979 7.5
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TOTAL FUTURES CONTRACTS 1,277,550 1,391,434 -8.2
(1) "Other futures contracts" include ICE UK Natural Gas futures; ICE
Coal futures; ICE Dutch TTF and German Natural Gas futures; ICE UK
Electricity futures; ICE Heating Oil futures; and ICE Unleaded
Gasoline Blendstock (RBOB) futures
(2) "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.
(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 and options" include futures and options for
the U.S. Dollar Index and foreign exchange.
(5) ICE acquired Chicago Climate Futures Exchange (CCFE) on July 8,
2010. Prior-year amounts do not include CCFE volume and percentage
change does not include CCFE prior-year volume.
ICE Futures Year-to-Date ADV
4-mos 2011 4-mos 2010 Percent Change
---------- ---------- --------------
ICE Futures Europe 1,082,151 871,207 24.2
------------------ --------- ------- ----
ICE Futures U.S. 415,802 428,361 -2.9
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ICE Futures Canada &
CCFE* 20,501 15,766 30.0
-------------------- ------ ------ ----
Total Futures 1,518,454 1,315,334 15.4
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ICE Futures Monthly and Year-to-Date Volume
April 2011 April 2010 Percent Change
ICE Futures Europe 17,334,358 19,739,089 -12.2
ICE Futures U.S. 7,787,270 9,061,457 -14.1
ICE Futures Canada &
CCFE* 429,365 419,556 2.3
Total Futures 25,550,993 29,220,102 -12.6
4-mos 2011 4-mos 2010 Percent Change
ICE Futures Europe 88,736,365 71,439,005 24.2
ICE Futures U.S. 34,095,774 35,125,577 -2.9
ICE Futures Canada &
CCFE* 1,681,121 1,308,555 28.5
Total Futures 124,513,260 107,873,137 15.4
*ICE acquired CCFE on July 8, 2010. Prior-year amounts do not
include CCFE volume and percentage change does not include CCFE
prior-year volume.
ICE Futures Open Interest
April 30, 2011 December 31, 2010
ICE Futures Europe 3,848,840 3,329,205
ICE Futures U.S. 2,810,074 3,325,618
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ICE Futures Canada &
CCFE 242,360 283,246
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Rolling Three-Month Average Rate per Contract (RPC)
Three Months Three Months Three Months
Ending Ending Ending
Product Line April 2011 March 2011 February 2011
ICE Futures Europe $1.59 $1.55 $1.50
ICE Futures U.S.
Ag $2.26 $2.15 $2.08
---------------- ----- ----- -----
ICE Futures U.S.
Fin $0.97 $1.03 $1.00
---------------- ----- ----- -----
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: 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 70 countries. www.theice.com
The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., ICE Trust, ICE Clear Europe, U.S. Dollar Index, European Climate Exchange (ECX) and Chicago Climate Futures Exchange (CCFE). 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
Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. ICE and NASDAQ OMX caution readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections about future financial results, growth, trading volumes, tax benefits and achievement of synergy targets, (ii) statements about the implementation dates and benefits of certain strategic initiatives, (iii) statements about integrations of recent acquisitions, and (iv) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond ICE’s and NASDAQ OMX’s control. These factors include, but are not limited to, ICE’s and NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in each of ICE’s and NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including (i) ICE’s annual reports on Form 10-K and quarterly reports on Form 10-Q that are available on ICE’s website at http://theice.com and (ii) NASDAQ OMX’s annual reports on Form 10-K and quarterly reports on Form 10-Q that are available on NASDAQ OMX’s website at http://nasdaqomx.com. ICE’s and NASDAQ OMX’s filings are also available on the SEC website at www.sec.gov. Risks and uncertainties relating to the proposed transaction include: ICE, NASDAQ OMX, and NYSE Euronext will not enter into any definitive agreement with respect to the proposed transaction; required regulatory approvals and financing commitments will not be obtained on satisfactory terms and in a timely manner, if at all; the proposed transaction will not be consummated; the anticipated benefits of the proposed transaction will not be realized; and the integration of NYSE Euronext’s operations with those of ICE or NASDAQ OMX will be materially delayed or will be more costly or difficult than expected. ICE and NASDAQ OMX undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Important Information About the Proposed Transaction and Where to Find It:
Subject to future developments, additional documents regarding the transaction may be filed with the SEC. This material is for informational purposes only and does not constitute an offer to exchange, or a solicitation of an offer to exchange, shares of common stock of NYSE Euronext.
This material is not a substitute for the tender offer statement, registration statement, offer to exchange/prospectus and other documents that are intended to be filed with the SEC by ICE, NASDAQ OMX, and their affiliates regarding an exchange offer for shares of common stock of NYSE Euronext. Nor is this material a substitute for the joint proxy statement/prospectus or any other documents ICE, NASDAQ OMX and NYSE Euronext would file with the SEC. Such documents, however, are not currently available. INVESTORS ARE URGED TO CAREFULLY READ THE TENDER OFFER STATEMENT, REGISTRATION STATEMENTS, OFFER TO EXCHANGE/PROSPECTUSES AND OTHER EXCHANGE OFFER DOCUMENTS NASDAQ OMX, ICE AND THEIR AFFILIATES WILL FILE WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS THERETO, WHEN THEY BECOME AVAILABLE, AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER DOCUMENTS NASDAQ OMX, ICE AND NYSE EURONEXT WOULD FILE WITH THE SEC, IF AND WHEN THEY BECOME AVAILABLE, BECAUSE SUCH DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. All such documents, when filed, are available free of charge at the SEC’s website (http://www.sec.gov) or by directing a request, in the case of NASDAQ OMX’s filings, to NASDAQ OMX at One Liberty Plaza, New York, New York 10006, Attention: Investor Relations or, in the case of ICE’s filings, to ICE, at 2100 RiverEdge Parkway, Suite 500, Atlanta, Georgia, 30328, Attention: Investor Relations; or by emailing a request to ir@theice.com.
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Participants in the Solicitation:
ICE, NASDAQ OMX, and their respective directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction.
You can find information about NASDAQ OMX and NASDAQ OMX’s directors and executive officers in NASDAQ OMX’s Annual Report on Form 10-K, filed with the SEC on February 24, 2011, and in NASDAQ OMX’s proxy statement for its 2011 annual meeting of stockholders, filed with the SEC on April 15, 2011. You can find information about ICE and ICE’s directors and executive officers in ICE’s Annual Report on Form 10-K, filed with the SEC on February 9, 2011, and in ICE’s proxy statement for its 2011 annual meeting of stockholders, filed with the SEC on April 1, 2011.
Additional information about the interests of potential participants will be included in the joint prospectus/proxy statement, if and when it becomes available, and the other relevant documents filed with the SEC.
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SOURCE IntercontinentalExchange