ICE Reports 14% Increase In Daily Futures Volume For November

IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported solid growth in futures volume for November 2011. Average daily volume (ADV) for ICE's futures markets was 1,563,621 contracts, an increase of 14% from November 2010. Year-to-date through November 30, ADV across ICE's futures exchanges was 1,550,398 contracts, an increase of 17% compared to the first 11 months of 2010.  Total futures volume in November 2011 was 32.8 million contracts.

Operating and Financial Guidance Update

• As previously disclosed, ICE expects one-time expenses associated with the new credit facilities and note purchase agreement to be in the range of $2.0 million to $3.0 million for the fourth quarter of 2011.  ICE also updated its quarterly interest expense guidance in the range of $8.0 million to $10.0 million, beginning in the fourth quarter of 2011 through the fourth quarter of 2012.

November 2011   Review

• ICE Futures Europe records:
  • ICE ECX CER futures and WTI options established average daily volume records of 7,580 contracts and 5,348 contracts, respectively.
  • The exchange set an open interest record of 4,794,807 contracts on November 10.  During the month, open interest records were established in a number of emissions futures, ICE Coal Rotterdam futures and ICE Brent and WTI options contracts.
• ICE Futures U.S. records:
  • ICE Cocoa futures and options set open interest records of 199,561 contracts and 139,819 contracts, respectively on Nov 1.
• ICE Futures Europe announced that ICE Brent NX (New Expiry) Crude Futures and Options contracts will begin trading December 5.
• ICE also announced 33 new cleared OTC contracts for global refined petroleum products and North American power will begin trading December 5.
• ICE's credit default swap (CDS) clearing houses surpassed $25 trillion in cumulative gross notional value cleared during the week ending November 11.
• ICE submitted its application to the CFTC to register its ICE Trade Vault service as a swap data repository for commodities.
• Through November 28, ICE's CDS clearing houses have cleared $25.7 trillion in gross notional value on a cumulative basis across 739,554 transactions. ICE currently lists 338 CDS contracts for clearing.
  • ICE Clear Credit reached $14.9 trillion in gross notional value cleared since inception, including $1.3 trillion in single-name CDS, resulting in open interest of $820 billion. ICE Clear Credit offers clearing for 43 indices, 132 corporate single-name contracts and four Latin American sovereign single-name contracts.
  • ICE Clear Europe has cleared euro 7.9 trillion ($10.8 trillion) of gross notional value since inception, including euro 1.1 trillion ($1.5 trillion) in single-name CDS, resulting in euro 576 billion ($767 billion) of open interest. ICE Clear Europe offers clearing for 38 indexes and 121 corporate single-name contracts.
• Trading days for November 2011:
  • ICE Futures Europe: 21
  • ICE Futures U.S.: 21
  • ICE Futures Canada: 21
  • Chicago Climate Futures Exchange: 21

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