ICE Reports 5% decline in November Futures Volume; Up 10% YTD

Tue Dec 4, 2012 8:30am EST

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ICE Reports 5% decline in November Futures Volume; Up 10% YTD

PR Newswire

ATLANTA, Dec. 4, 2012 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for November 2012. ICE's average daily volume (ADV) for futures and options was 3,198,341 contracts, down 5% from the prior November. Year-to-date through November 30, ADV was 3,415,552 contracts, up 10% compared to the first eleven months of 2011. Total volume in November 2012 was 67.2 million contracts. All prior period contract volumes have been adjusted to include the converted futures contracts, which previously traded as swaps in ICE's OTC markets.

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Financial Update

  • Following the transition of ICE's cleared energy swaps to futures, two new reports have been added to the Investors and Media section of the ICE website. The first report provides historical monthly volume in the new volume release format. The second report provides historical detail on energy contract volume for legacy swaps and futures.  These can be found on the Supplemental Information page.

November 2012 Review

  • On December 10, ICE Futures Europe plans to reopen the emissions daily futures market and plans to also launch a new Phase III EUA daily futures contract.
  • ICE Futures U.S. announced the January 2013 launch of two cash-settled foreign exchange contracts: the Indian rupee and Brazilian real futures contracts. ICE is the first U.S. exchange to offer Indian Rupee futures.
  • ICE Clear Credit set a daily clearing record with $14.5 billion notional cleared on November 15.  To date, $85 billion in buy-side notional value has been cleared.

ICE Futures Contracts & Markets ADV

Product Line (Futures & Options)

ADV

Nov

2012

ADV

Nov

2011

ADV

% Change

ADV

YTD Nov

2012

ADV

YTD Nov

2011

ADV

% Change

ICE Brent

602,656

607,282

-0.8

634,299

546,410

16.1

ICE Gasoil

236,232

283,678

-16.7

262,271

269,292

-2.6

ICE Other Oil (1)*

212,215

250,765

-15.4

207,631

255,157

-18.6

   ICE OIL

1,051,103

1,141,725

-7.9

1,104,201

1,070,859

3.1

ICE Natural Gas*

1,161,464

1,541,750

-24.7

1,484,967

1,292,244

14.9

ICE Power*

563,830

255,790

120.4

368,890

246,192

49.8

ICE Emissions & Other (2)

59,590

45,930

29.7

41,251

34,697

18.9

   TOTAL ENERGY

2,835,988

2,985,195

-5.0

2,999,309

2,643,992

13.4

ICE Sugar

92,883

83,938

10.7

131,818

129,619

1.7

ICE Other Ags (3)

127,680

117,053

9.1

122,001

110,331

10.6

   TOTAL AGRICULTURAL

220,563

200,990

9.7

253,818

239,950

5.8

ICE Equity Index (4)

116,844

160,601

-27.2

133,301

176,556

-24.5

ICE FX (5)

24,945

30,478

-18.2

29,124

36,650

-20.5

   TOTAL FINANCIALS

141,789

191,080

-25.8

162,425

213,205

-23.8

   TOTAL FUTURES & OPTIONS

3,198,341

3,377,265

-5.3

3,415,552

3,097,147

10.3

Note: Figures may not foot due to rounding.

(1) "ICE Other Oil" includes futurized oil contracts, WTI, Heating Oil, RBOB Gasoline and Middle East Sour Crude. Excludes Daily Brent Bullet contracts.

(2) "ICE Emissions & Other" includes all emissions contracts, freight, coal and iron ore and uranium.

(3) "ICE Other Ags" includes Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Corn, Wheat, Soybeans, Barley and Canola.

(4) "ICE Equity Index" includes the Russell 2000®, Russell 1000®, and the Continuous Commodity Index.

(5) "ICE FX" includes futures and options for the U.S. Dollar Index and foreign exchange.

*Historical volume has been adjusted to include new energy futures contracts.

 

ICE Futures Monthly and YTD Volume

Futures & Options Products

 

November

2012

 

November

2011

 

Percent Change

 

YTD Nov

2012

 

YTD Nov

2011

 

Percent Change

Energy*

59,555,753

62,689,095

-5.0

695,839,690

610,762,042

13.9

Agricultural

4,631,833

4,220,798

9.7

58,865,798

55,390,545

6.3

Financials

2,977,578

4,012,677

-25.8

37,682,594

49,250,461

-23.5

TOTAL CONTRACTS

67,165,164

70,922,570

-5.3

792,388,082

715,403,048

10.8

*Historical energy volume has been adjusted to include new energy futures contracts.

Rolling Three-Month Average Rate per Contract (RPC)

 

Futures & Options Products

Three Months

Ending 

November 2012

Three Months

Ending  

October 2012

Three Months

Ending 

September 2012

Energy*

$1.08

$1.08

$1.11

Agricultural*

$2.43

$2.40

$2.40

Financials

$1.01

$1.01

$1.00

*Historical energy RPC has been adjusted to include new energy futures contracts and agricultural RPC has been    adjusted to include Canadian contracts.

ICE Futures & Options Open Interest


November 30, 2012

December 31, 2011

Energy*

71,070,258

53,518,772

Agricultural

2,484,406

2,292,279

Financials

502,113

531,162

*Historical energy open interest has been updated to include new energy futures contracts.

  • Through November 26, ICE's CDS clearing houses have cleared $36 trillion in gross notional value on a cumulative basis across 1.1 million trades. ICE Clear Credit has cleared $2.1 trillion in single-name CDS resulting in open interest of $841 billion. ICE Clear Europe has cleared €1.5 trillion ($2.0 trillion) in single-name CDS resulting in €556 billion ($721 billion) of open interest. ICE lists 381 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml
  • Trading days in November 2012
    • ICE Futures Europe & U.S: 21
    • ICE Futures Canada: 21

Note: As of October 15, 2012, ICE transitioned all of the open interest in OTC cleared energy swaps contracts to futures contracts. All futures volumes in the tables above have been adjusted to treat, on a pro forma basis, the OTC cleared energy swaps contracts as futures contracts for all periods prior to October 2012.

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 exchanges and clearing houses serving the risk management needs of global markets for agricultural, credit, currency, emissions, energy and equity index products. 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 Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Futures U.S., and ICE OTC. 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, 2011, as filed with the SEC on February 8, 2012 and ICE's Quarterly Reports on Form 10-Q for the quarter ended June 30, 2012, as filed with the SEC on August 1, 2012, and the quarter ended September 30, 2012, as filed with the SEC on November 5, 2012.  

ICE-CORP

 

SOURCE IntercontinentalExchange

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