IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported record volume and average daily volume across its futures exchanges in February 2011. Average daily volume (ADV) for ICE's futures markets rose 27% from the prior February to a record 1,738,199 contracts. For the second consecutive month, ICE Futures Europe established monthly volume and ADV records of 23,590,625 and 1,241,612 contracts, respectively, with ADV up 39% from February 2010.
ICE's total futures volume in February 2011 was a record 33 million contracts.
February 2011 Review
- ICE Futures Europe records:
- The exchange established an open interest record of 3,805,162 contracts on February 4 and a daily volume record of 1,698,258 contracts on February 24.
- ICE Brent Crude futures set a daily volume record of 821,857 contracts on February 24. ICE Gasoil futures also established a daily volume record of 445,325 contracts on February 24.
- ICE Brent Crude and ICE Gasoil futures established monthly volume records of 10,956,940 and 5,746,450 contracts, respectively.
- ICE Brent Crude and ICE Gasoil futures set monthly ADV records of 576,681 contracts and 302,445 contracts, respectively.
- ICE Futures U.S. records:
- The Russell 1000 Value Index mini futures contract set a daily volume record on February 2.
- ICE Futures Canada records:
- The exchange established a monthly ADV record of 26,311 contracts in February and an open interest record of 243,577 contracts on February 11.
- On February 25, ICE announced its acquisition of Ballista Securities, an electronic options platform for the execution of block-sized and complex multi-leg options transactions.
- Through February 25, ICE's CDS clearing houses have cleared $16.0 trillion in gross notional value on a cumulative basis across 430,024 transactions. ICE currently lists 257 CDS contracts for clearing.
- ICE Trust U.S. (ICE Trust) has cleared $9.5 trillion of gross notional value since inception, including $678 billion in single-name CDS, resulting in open interest of $543 billion. ICE Trust buy-side clearing crossed $5 billion in gross notional value during the week of February 21. ICE Trust offers clearing for 37 indexes and 89 single-name contracts.
- ICE Clear Europe has cleared 4.8 trillion Euro ($6.5 trillion) of gross notional value since inception, including 753 billion Euro ($998 billion) in single-name CDS, resulting in 487 billion Euro ($671 billion) of open interest. ICE Clear Europe offers clearing for 30 indexes and 101 single-name contracts.
- Trading days in February 2011:
- ICE Futures Europe: 19
- ICE Futures U.S.: 19
- ICE Futures Canada: 19
- Chicago Climate Futures Exchange: 19
|
ICE Futures Contracts & Markets Monthly ADV |
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|
Product Line |
ADV February 2011 |
ADV February 2010 |
ADV % Change |
|
|
ICE Brent Crude futures & options |
584,091 |
424,577 |
37.6 |
|
|
ICE Gasoil futures & options |
304,576 |
217,652 |
39.9 |
|
|
ICE WTI Crude futures & options |
298,371 |
207,704 |
43.7 |
|
|
ICE ECX emissions futures & options |
23,447 |
24,155 |
-2.9 |
|
|
Other futures contracts (1) |
31,127 |
19,063 |
63.3 |
|
|
TOTAL ICE FUTURES EUROPE |
1,241,612 |
893,151 |
39.0 |
|
|
Index futures & options (2) |
119,134 |
133,297 |
-10.6 |
|
|
Sugar No. 11 futures & options |
207,720 |
192,373 |
8.0 |
|
|
Other agricultural commodity contracts (3) |
115,788 |
101,676 |
13.9 |
|
|
Currency futures and options contracts (4) |
26,954 |
30,761 |
-12.4 |
|
|
TOTAL ICE FUTURES U.S. |
469,596 |
458,107 |
2.5 |
|
|
TOTAL ICE FUTURES CANADA & CCFE(5) |
26,991 |
18,832 |
43.3 |
|
|
TOTAL FUTURES CONTRACTS |
1,738,199 |
1,370,090 |
26.9 |
|
|
(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" 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 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. |
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|
ICE Futures Year-to-Date ADV |
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|
2-mos 2011 |
2-mos 2010 |
Percent Change |
||
|
ICE Futures Europe |
1,208,243 |
852,314 |
41.8 |
|
|
ICE Futures U.S. |
425,268 |
422,893 |
0.6 |
|
|
ICE Futures Canada & CCFE* |
22,651 |
15,395 |
47.1 |
|
|
Total Futures |
1,656,162 |
1,290,602 |
28.3 |
|
|
ICE Futures Monthly and Year-to-Date Volume |
||||
|
February 2011 |
February 2010 |
Percent Change |
||
|
ICE Futures Europe |
23,590,625 |
16,969,873 |
39.0 |
|
|
ICE Futures U.S. |
8,922,320 |
8,704,028 |
2.5 |
|
|
ICE Futures Canada & CCFE* |
512,836 |
357,806 |
43.3 |
|
|
Total Futures |
33,025,781 |
26,031,707 |
26.9 |
|
|
2-mos 2011 |
2-mos 2010 |
Percent Change |
||
|
ICE Futures Europe |
47,121,490 |
32,387,929 |
45.5 |
|
|
ICE Futures U.S. |
16,585,454 |
16,069,939 |
3.2 |
|
|
ICE Futures Canada & CCFE* |
883,369 |
600,391 |
47.1 |
|
|
Total Futures |
64,590,313 |
49,058,259 |
31.7 |
|
|
*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. |
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|
ICE Futures Open Interest |
|||
|
February 28, 2011 |
December 31, 2010 |
||
|
ICE Futures Europe |
3,795,257 |
3,329,205 |
|
|
ICE Futures U.S. |
2,909,469 |
3,325,618 |
|
|
ICE Futures Canada & CCFE |
262,484 |
283,246 |
|
|
Rolling Three-Month Average Rate per Contract (RPC) |
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Product Line |
Three Months Ending February 2011 |
Three Months Ending January 2011 |
Three Months Ending December 2010 |
|
|
ICE Futures Europe |
$1.50 |
$1.53 |
$1.57 |
|
|
ICE Futures U.S. Ag |
$2.08 |
$2.06 |
$2.07 |
|
|
ICE Futures U.S. Fin |
$1.00 |
$0.94 |
$0.93 |
|
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
