IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported volume for July 2012. Average daily volume (ADV) for ICE's futures markets was 1,529,426 contracts, an increase of 17% from July 2011. Year-to-date through July 31, ADV across ICE's futures exchanges was 1,582,564 contracts, an increase of 6% compared to the first seven months of 2011. Total futures volume in July 2012 was 32 million contracts, up 23% from July 2011.
July 2012 Review
- ICE Futures Europe records:
- The exchange set an open interest record of 6,125,609 contracts on July 27, including records in Low Sulphur Gasoil, Coal and Emissions futures and Gasoil, Coal and Brent options contracts.
- ICE Gasoil options set an ADV record of 2,434 contracts.
- Monthly volume and ADV records were established for ICE ECX ERUs of 35,807 and 1,705 contracts, respectively, along with an open interest record of 46,358 contracts on July 27.
- ICE Futures U.S. records:
- Coffee options set an open interest record of 299,461 contracts on July 31.
- Monthly volume and ADV records were established across ICE's new grains products of 84,774 and 4,037 contracts, respectively.
- ICE's cleared OTC energy swaps will transition to futures in January 2013 pending regulatory approval.
- ICE Futures U.S. options on futures will trade exclusively on the ICE electronic trading system beginning October 22.
- ICE Clear Credit introduced the Emerging Markets CDS index (CDX.EM) for buyside and dealer clients.
- The U.S. Financial Stability Oversight Council designated ICE Clear Credit a systemically important financial market utility.
- The European Investment Bank (EIB) chose ICE Futures Europe to host auctions in the sale of NER 300 EU allowances.
- ICE's instant message functionality, previously known as YellowJacket (YJ), is now available via ICE Chat to all WebICE users.
- Through July 27, ICE's CDS clearing houses have cleared $33 trillion in gross notional value on a cumulative basis across 984,766 transactions. ICE currently lists 342 CDS instruments for clearing.
- ICE Clear Credit has cleared $19 trillion of gross notional value since inception including $1.6 trillion in single name CDS, resulting in open interest of $828 billion. ICE Clear Credit offers clearing for 45 indexes, 132 corporate single names and four Latin American sovereign CDS.
- ICE Clear Europe has cleared €10.1 trillion ($13.7 trillion) of gross notional value since inception, including €1.4 trillion ($1.9 trillion) in single-name CDS, resulting in €563 billion ($692 billion) of open interest. ICE Clear Europe offers clearing for 40 indexes and 121 single-name contracts.
- Trading days in July 2012:
- ICE Futures Europe: 21
- ICE Futures U.S.: 21
- ICE Futures Canada: 21
|
ICE Futures Contracts & Markets Monthly ADV |
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|
Product Line |
ADV July 2012 |
ADV July 2011 |
ADV % Change |
|
ICE Brent Crude futures & options |
663,006 |
455,038 |
45.7 |
|
ICE Gasoil futures & options |
268,012 |
213,702 |
25.4 |
|
ICE WTI Crude futures & options |
133,064 |
164,384 |
-19.1 |
|
ICE ECX emissions futures & options |
39,768 |
33,639 |
18.2 |
|
Other futures contracts (1) |
50,601 |
38,064 |
32.9 |
|
TOTAL ICE FUTURES EUROPE |
1,154,451 |
904,827 |
27.6 |
|
Index futures & options (2) |
114,077 |
154,469 |
-26.1 |
|
Sugar No. 11 futures & options |
133,189 |
122,559 |
8.7 |
|
Other agricultural commodity contracts (3) |
87,889 |
75,470 |
16.5 |
|
Currency futures and options contracts (4) |
24,416 |
34,772 |
-29.8 |
|
TOTAL ICE FUTURES U.S. |
359,571 |
387,270 |
-7.2 |
|
TOTAL ICE FUTURES CANADA & CCFE |
15,404 |
14,008 |
10.0 |
|
TOTAL FUTURES CONTRACTS |
1,529,426 |
1,306,105 |
17.1 |
|
(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; ICE Unleaded Gasoline Blendstock (RBOB) futures; and Coal and Natural Gas options. (2) "Index futures & options" includes Russell 2000® mini futures and options and futures for the Russell 1000® 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, Sugar No. 16, Corn, Wheat and Soybeans. (4) "Currency futures and options" include futures and options for the U.S. Dollar Index and foreign exchange. |
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|
ICE Futures Year-to-Date ADV |
|||
|
7-mos 2012 |
7-mos 2011 |
Percent Change |
|
|
ICE Futures Europe |
1,135,555 |
1,056,400 |
7.5 |
|
ICE Futures U.S. |
425,058 |
424,090 |
0.2 |
|
ICE Futures Canada & CCFE |
21,951 |
18,960 |
15.8 |
|
Total Futures |
1,582,564 |
1,499,450 |
5.5 |
|
ICE Futures Monthly and Year-to-Date Volume |
|||
|
July 2012 |
July 2011 |
Percent Change |
|
|
ICE Futures Europe |
24,243,479 |
18,096,536 |
34.0 |
|
ICE Futures U.S. |
7,550,996 |
7,745,409 |
-2.5 |
|
ICE Futures Canada & CCFE |
323,487 |
280,152 |
15.5 |
|
Total Futures |
32,117,962 |
26,122,097 |
23.0 |
|
7-mos 2012 |
7-mos 2011 |
Percent Change |
|
|
ICE Futures Europe |
165,791,026 |
153,177,982 |
8.2 |
|
ICE Futures U.S. |
62,058,521 |
61,493,040 |
0.9 |
|
ICE Futures Canada & CCFE |
3,226,647 |
2,749,194 |
17.4 |
|
Total Futures |
231,076,194 |
217,420,216 |
6.3 |
|
ICE Futures Open Interest |
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|
July 31, 2012 |
December 31, 2011 |
|
|
ICE Futures Europe |
6,095,612 |
3,905,986 |
|
ICE Futures U.S. |
2,976,595 |
2,680,454 |
|
ICE Futures Canada & CCFE |
276,215 |
170,894 |
|
Rolling Three-Month Average Rate per Contract (RPC) |
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|
Product Line |
Three Months Ending July 2012 |
Three Months Ending June 2012 |
Three Months Ending May 2012 |
|
ICE Futures Europe |
$1.57 |
$1.56 |
$1.55 |
|
ICE Futures U.S. Ag |
$2.54 |
$2.63 |
$2.58 |
|
ICE Futures U.S. Fin |
$0.92 |
$0.88 |
$0.91 |
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
