IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported solid futures volume growth in October 2010. Average daily volume (ADV) across ICE's futures exchanges was 1,325,817 contracts, up 23% from October 2009.
Year-to-date through October 31, 2010, ADV across ICE's futures exchanges was 1,319,886 contracts, an increase of 27% from the first ten months of 2009. Total futures volume in October 2010 was 27.8 million contracts.
October 2010 Review
- ICE Futures Europe records achieved in October:
- The exchange set an open interest record of 3,690,273 contracts on October 8.
- The ICE Gasoil futures contract established a daily volume record of 371,831 contracts on October 20.
- The Newcastle Coal futures contract set monthly volume and ADV records, and open interest records were established in ECX EUA futures, Richards Bay coal futures and WTI options.
- ICE Futures Canada records achieved in October:
- ICE Futures Canada reported a monthly ADV record of 25,622 contracts and an open interest record of 223,465 contracts on October 20.
- ICE Clear Europe was named Best OTC Clearing House by Financial News at the 8th Annual Awards for Excellence in Trading and Technology, Europe 2010.
- On October 11, ICE announced the introduction of 35 new energy and emissions contracts.
- On October 20, ICE announced the launch of two German natural gas futures on ICE Futures Europe, pending regulatory approval.
- Through October 29, ICE's CDS clearing houses have cleared $13.1 trillion in gross notional value on a cumulative basis across 339,729 transactions. ICE currently lists 258 CDS contracts for clearing.
- ICE Trust U.S. (ICE Trust) has cleared $7.9 trillion of gross notional value since inception, including $521 billion in single-name CDS, resulting in open interest of $538 billion. ICE Trust offers clearing for 38 indexes and 89 single-name instruments.
- ICE Clear Europe has cleared euro 3.8 trillion ($5.2 trillion) of gross notional value since inception, including euro 592 billion ($780 billion) in single-name CDS, resulting in euro 451 billion ($628 billion) of open interest. ICE Clear Europe offers clearing for 30 indexes and 101 single-name instruments.
- Trading days in October 2010:
- ICE Futures Europe: 21
- ICE Futures U.S.: 21
- ICE Futures Canada: 20
- Chicago Climate Futures Exchange: 21
ICE Futures Contracts & Markets Monthly ADV
Product Line ADV ADV ADV
October October % Change
2010 2009
ICE Brent Crude futures &
options 408,249 314,709 29.7
ICE Gasoil futures & options 242,427 154,859 56.5
ICE WTI Crude futures &
options 207,902 198,388 4.8
ICE ECX emissions futures &
options 21,418 19,825 8.0
Other futures contracts (1) 19,309 16,407 17.7
TOTAL ICE FUTURES EUROPE 899,305 704,188 27.7
Index futures & options (2) 132,190 157,769 -16.2
Sugar No. 11 futures &
options 140,941 115,270 22.3
Other agricultural commodity
contracts (3) 98,157 65,995 48.7
Currency futures and options
contracts (4) 28,388 16,718 69.8
TOTAL ICE FUTURES U.S. 399,676 355,752 12.3
TOTAL ICE FUTURES CANADA &
CCFE(5) 26,836 16,558 62.1
------ ------ ----
TOTAL FUTURES CONTRACTS 1,325,817 1,076,498 23.2%
(1) "Other futures contracts" include ICE Middle East Sour Crude
futures; ICE ASCI Gulf Coast Sour Crude futures; ICE Heating Oil
futures; ICE Unleaded Gasoline Blendstock (RBOB) futures; ICE UK
Natural Gas futures; ICE UK Electricity futures; ICE Coal futures;
and ICE Dutch TTF Gas futures.
(2) "Index futures & options" includes Russell 2000(R) mini futures and
options and futures for the Russell 1000(R) 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.
ICE Futures Year-to-Date ADV
10-mos 2010 10-mos 2009 Percent Change
----------- ----------- --------------
ICE Futures Europe 869,897 646,922 34.5
------------------ ------- ------- ----
ICE Futures U.S. 432,733 375,332 15.3
---------------- ------- ------- ----
ICE Futures Canada &
CCFE* 17,256 14,098 22.4
-------------------- ------ ------ ----
Total Futures ADV 1,319,886 1,036,352 27.4
----------------- --------- --------- ----
ICE Futures Monthly and Year-to-Date Volume
October 2010 October 2009 Percent Change
ICE Futures Europe 18,885,414 15,492,139 21.9
ICE Futures U.S. 8,393,192 7,826,539 7.2
ICE Futures Canada
&CCFE* 537,936 347,720 54.7
Total Futures Volume 27,816,542 23,666,398 17.5
10-mos 2010 10-mos 2009 Percent Change
ICE Futures Europe 181,808,500 137,147,375 32.6
ICE Futures U.S. 90,441,158 78,819,632 14.7
ICE Futures Canada &
CCFE* 3,589,721 2,946,497 21.8
-------------------- --------- --------- ----
Total Futures Volume 275,839,379 218,913,504 26.0
-------------------- ----------- ----------- ----
ICE Futures Open Interest
October 31, 2010 December 31, 2009
ICE Futures Europe 3,589,751 2,647,694
ICE Futures U.S. 3,376,277 3,375,176
ICE Futures Canada &
CCFE* 359,418 118,181
*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.
Rolling Three-Month Average Rate per Contract (RPC)
Three Months Three Months Three Months
Ending Ending Ending
Product Line October 2010 September 2010 August 2010
ICE Futures Europe $1.53 $1.54 $1.52
ICE Futures U.S.
Ag $2.09 $2.13 $2.18
---------------- ----- ----- -----
ICE Futures U.S.
Fin $0.80 $0.73 $0.73
---------------- ----- ----- -----
RPC is calculated by dividing transaction revenues by contract volume, and may vary based on pricing, customer and product mix.
Historical futures volume, rate per contract and OTC commission data can be found at:
