ATLANTA, Dec. 2 /PRNewswire-FirstCall/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported strong volume growth across its three futures exchanges for the month of November 2009. Average daily volume (ADV) for ICE's futures markets was 1,084,195 contracts, an increase of 24% from November 2008. ICE Futures Europe established a monthly ADV record of 724,934 contracts, up 30% from November 2008. Year-to-date through November 30, 2009, ADV across ICE's futures exchanges was 1,040,452 contracts, an increase of 12% from the first 11 months of 2008. Total futures volume for the month of November was 21.7 million contracts.
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November 2009 Review
- Through November 30, 2009, ICE's credit default swap (CDS) clearing houses cleared more than $4 trillion in notional value across 49,154 transactions.
- ICE Trust has cleared $2.9 trillion of notional value since its launch in March 2009, resulting in $190.7 billion of open interest.
- ICE Clear Europe has cleared euro 763 billion ($1.14 trillion) of notional value since the launch of its CDS clearing services in July 2009, resulting in euro 68.8 billion ($103.1 billion) of open interest.
- On November 3, ICE Clear Europe observed its first anniversary. The London-based derivatives clearing house commenced operations for ICE's energy futures and OTC markets at the peak of the financial crisis. ICE Clear Europe launched a separate CDS clearing service in 2009.
- On November 5, ICE announced that ICE Trust was named a winner in the 2009 Credit magazine Technology Innovation Awards.
- On November 10, ICE announced the introduction of 40 new OTC cleared energy contracts. This new suite of products includes two Argus Sour Crude Index (ASCI)-based swaps launched November 13, and 38 North American natural gas, power, natural gas liquids and global oil products, which will be available December 7. ICE now offers 280 cleared energy OTC contracts.
- On November 11, ICE announced the introduction of two new ASCI-based futures contracts, which will be available for trading on December 7, pending regulatory approval.
- On November 19, ICE announced the introduction of an OTC cleared iron ore swap contract. The ICE Platts Iron Ore Swap 62% Fe (metallic iron) contract will be available December 2, 2009.
- Trading days in November 2009:
- ICE Futures Europe: 20
- ICE Futures U.S.: 20
- ICE Futures Canada: 20
- ICE Futures Europe records achieved in November 2009:
- The exchange set an open interest record of 2,954,658 contracts on November 19.
- The ICE Brent crude and the ICE Gasoil futures contracts established monthly ADV records of 325,244 contracts and 169,760 contracts, respectively.
- Volume, ADV and open interest records were established for several coal and emissions contracts, as well as U.K. natural gas.
- ICE Futures U.S. records achieved in November 2009:
- U.S. Dollar Index (USDX) futures established a monthly volume record of 354,787 contracts.
ICE Futures Contracts & Markets Monthly ADV
ADV ADV ADV
November November % Change
Product Line 2009 2008
------------------------------------ ---------- --------- ----------
ICE Brent Crude futures & options 327,499 267,565 22.4
ICE WTI Crude futures & options 187,864 161,818 16.1
ICE Gasoil futures & options 170,452 106,287 60.4
ICE ECX emissions futures & options (1) 21,949 16,123 36.1
Other futures contracts (2) 17,170 6,831 151.4
TOTAL ICE FUTURES EUROPE 724,934 558,624 29.8
Russell 2000(R) mini futures & options 135,512 149,239 -9.2
Sugar No. 11 futures & options 103,378 78,997 30.9
Other agricultural commodity contracts (3) 85,466 72,243 18.3
Currency futures (4) 4,533 3,949 14.8
Index futures (5) 18,184 5,767 215.3
Other contracts (6) 181 251 -27.9
TOTAL ICE FUTURES U.S. 347,254 310,446 11.9
TOTAL ICE FUTURES CANADA 12,007 7,323 64.0
----------------------- --------- ------- ----
TOTAL FUTURES CONTRACTS 1,084,195 876,393 23.7%
(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.
(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
11-mos 2009 11-mos 2008 Percent Change
----------- ----------- --------------
ICE Futures Europe 653,647 597,605 9.4
ICE Futures U.S. 372,890 318,293 17.2
ICE Futures Canada 13,915 13,256 5.0
Total Futures 1,040,452 929,154 12.0
ICE Futures Monthly and Year-to-Date Volume
November 2009 November 2008 Percent Change
------------- ------------- --------------
ICE Futures Europe 14,498,677 11,172,470 29.8
ICE Futures U.S. 6,945,083 6,057,677 14.6
ICE Futures Canada 240,139 139,131 72.6
Total Futures 21,683,899 17,369,278 24.8
11-mos 2009 11-mos 2008 Percent Change
----------- ----------- --------------
ICE Futures Europe 151,646,052 141,632,489 7.1
ICE Futures U.S. 85,764,715 73,939,334 16.0
ICE Futures Canada 3,186,636 3,048,960 4.5
Total Futures 240,597,403 218,620,783 10.1
ICE Futures Open Interest
November 30, 2009 December 31, 2008
----------------- -----------------
ICE Futures Europe 2,867,421 2,102,574
ICE Futures U.S. 3,279,716 3,028,877
ICE Futures Canada 113,297 97,673
Rolling Three-Month Average Rate per Contract (RPC)
Three Months Three Months Three Months
Ending Ending Ending
Product Line November 2009 October 2009 September 2009
------------- ------------ --------------
ICE Futures Europe $1.54 $1.52 $1.53
ICE Futures U.S. Ag $2.10 $2.05 $2.08
ICE Futures U.S. Fin $0.85 $0.86 $0.89
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) 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
