ICE Reports 14% Increase in Futures Average Daily Volume for July; CDS Gross Notional Cleared Has Doubled in One Year
ATLANTA, Aug. 2, 2011 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported volume for July 2011. Average daily volume (ADV) for ICE’s futures markets was 1,306,105 contracts, an increase of 14% from July 2010. Year-to-date through July 31, ADV across ICE’s futures exchanges was 1,499,450 contracts, an increase of 14% compared to the first seven months of 2010. Total futures volume in July 2011 was 26.1 million contracts, up 8% from July 2010.
July 2011 Review
- ICE Futures Europe records:
- The exchange established an open interest record of 4,136,034 contracts on July 29.
- ICE Heating Oil futures and ICE WTI options established daily volume records of 12,074 and 11,355 contracts, respectively.
- Open interest records were established for WTI and Brent Crude options, as well as U.K. Natural Gas futures and options and Rotterdam Coal futures and options.
- ICE launched 18 new cleared OTC energy contracts on August 1.
- ICE announced the introduction of the Creditex odd lot corporate debt auction platform.
- On July 14, ICE announced its strategic investment in Cetip, Brazil’s largest clearing house.
- On July 16, ICE’s North American CDS clearing house transitioned to a CFTC-regulated Derivatives Clearing Organization (DCO) and SEC-regulated Securities Clearing Agency (SCA), as required by Dodd-Frank, and changed its name from ICE Trust U.S. to ICE Clear Credit.
- Through July 29, ICE’s CDS clearing houses have cleared over $20 trillion in gross notional value on a cumulative basis across 582,286 transactions. ICE’s CDS clearing houses reached $10 trillion cleared in July 2010. ICE currently lists 323 CDS contracts for clearing.
- ICE Clear Credit reached $12.2 trillion in gross notional value cleared as of July 29, including $1.0 trillion in single-name CDS, resulting in open interest of $738 billion. ICE Clear Credit offers clearing for 40 indexes and 128 single-name contracts.
- ICE Clear Europe has cleared euro 6.2 trillion ($8.5 trillion) of gross notional value since inception, including euro 969 billion ($1.3 trillion) in single-name CDS, resulting in euro 544 billion ($780 billion) of open interest. ICE Clear Europe offers clearing for 34 indexes and 121 single-name contracts.
- Trading days in July 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
July July % Change
2011 2010
ICE Brent Crude futures &
options 455,038 349,930 30.0
ICE Gasoil futures & options 213,702 194,716 9.8
ICE WTI Crude futures & options 164,384 163,666 0.4
ICE ECX emissions futures &
options 33,639 24,949 34.8
Other futures contracts (1) 38,064 27,504 38.4
TOTAL ICE FUTURES EUROPE 904,827 760,765 18.9
Index futures & options (2) 154,469 169,998 -9.1
Sugar No. 11 futures & options 122,559 116,284 5.4
Other agricultural commodity
contracts (3) 75,470 68,721 9.8
Currency futures and options
contracts (4) 34,772 23,075 50.7
TOTAL ICE FUTURES U.S. 387,270 378,078 2.4
TOTAL ICE FUTURES CANADA &
CCFE(5) 14,008 11,383 23.1
------ ------ ----
TOTAL FUTURES CONTRACTS 1,306,105 1,150,226 13.6
(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" include 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.
CE Futures Year-to-Date ADV
7-mos 2011 7-mos 2010 Percent Change
---------- ---------- --------------
ICE Futures Europe 1,056,400 864,619 22.2
------------------ --------- ------- ----
ICE Futures U.S. 424,090 433,338 -2.1
---------------- ------- ------- ----
ICE Futures Canada &
CCFE* 18,960 15,931 19.0
-------------------- ------ ------ ----
Total Futures 1,499,450 1,313,888 14.1
------------- --------- --------- ----
ICE Futures Monthly and Year-to-Date Volume
July 2011 July 2010 Percent Change
ICE Futures Europe 18,096,536 15,976,074 13.3
ICE Futures U.S. 7,745,409 7,939,645 -2.4
ICE Futures Canada &
CCFE* 280,152 239,056 17.2
Total Futures 26,122,097 24,154,775 8.1
7-mos 2011 7-mos 2010 Percent Change
ICE Futures Europe 153,177,982 125,369,792 22.2
ICE Futures U.S. 61,493,040 62,834,048 -2.1
ICE Futures Canada &
CCFE* 2,749,194 2,325,713 18.2
Total Futures 217,420,216 190,529,553 14.1
*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
July 31, 2011 December 31, 2010
ICE Futures Europe 4,136,034 3,329,205
ICE Futures U.S. 3,078,277 3,325,618
---------------- --------- ---------
ICE Futures Canada &
CCFE* 235,168 (July 28) 283,246
-------------------- ----------------- -------
Rolling Three-Month Average Rate per Contract (RPC)
Three Months Three Months Three Months
Ending Ending Ending
Product Line July 2011 June 2011 May 2011
ICE Futures Europe $1.58 $1.57 $1.59
ICE Futures U.S.
Ag $2.39 $2.38 $2.34
ICE Futures U.S.
Fin $0.97 $0.96 $0.98
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
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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, 2010 and ICE’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, as filed with the SEC on February 9, 2011 and May 4, 2011, respectively.
ICE-CORP
SOURCE IntercontinentalExchange