IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported futures volume in April 2011. Average daily volume (ADV) for ICE's futures markets was 1,277,550 contracts, a decline of 8% from April 2010. Year-to-date through April 30, ADV across ICE's futures exchanges was 1,518,454 contracts, an increase of 15% compared to the first four months of 2010. Total futures volume in April 2011 was 25.6 million contracts. Volume in April was largely impacted by the U.K. calendar, which this year included two consecutive four-day holiday weekends.
April 2011 Review
- ICE Futures Europe records:
- The exchange established an open interest record of 3,966,528 contracts on April 11.
- ICE Brent Crude options and ICE WTI Crude options established open interest records of 245,647 and 191,891 contracts, respectively.
- The ICE ECX CER futures contract established an open interest record of 183,418 contracts.
- On April 1, ICE and NASDAQ OMX proposed an acquisition of NYSE Euronext for $42.50 per share, a substantial premium to Deutsche Boerse's proposal. ICE and NASDAQ OMX reiterated their commitment to NYSE Euronext shareholders on April 10, April 19, April 21, April 26 and May 2.
- On April 12, ICE announced a partnership to launch BRIX, a Brazilian marketplace for electric power, with anticipated launch in June 2011.
- ICE announced the May 16 introduction of 19 cleared natural gas products.
- Through April 26, ICE's CDS clearing houses have cleared $17.8 trillion in gross notional value on a cumulative basis across 490,088 transactions. ICE currently lists 295 CDS contracts for clearing.
- ICE Trust U.S. (ICE Trust) reached $10.6 trillion in gross notional value cleared as of April 26, including $799 billion in single-name CDS, resulting in open interest of $624 billion. ICE Trust offers clearing for 41 indexes and 109 single-name contracts.
- ICE Clear Europe has cleared euro 5.3 trillion ($7.2 trillion) of gross notional value since inception, including euro 838 billion ($1.1 trillion) in single-name CDS, resulting in euro 520 billion ($758 billion) of open interest. ICE Clear Europe offers clearing for 34 indexes and 111 single-name contracts.
- Trading days in April 2011:
- ICE Futures Europe: 20
- ICE Futures U.S.: 20
- ICE Futures Canada: 20
- Chicago Climate Futures Exchange: 20
|
ICE Futures Contracts & Markets Monthly ADV |
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|
Product Line |
ADV April 2011 |
ADV April 2010 |
ADV % Change |
|
|
ICE Brent Crude futures & options |
428,433 |
419,969 |
2.0 |
|
|
ICE Gasoil futures & options |
223,250 |
186,023 |
20.0 |
|
|
ICE WTI Crude futures & options |
168,862 |
270,392 |
-37.5 |
|
|
ICE ECX emissions futures & options |
19,553 |
35,162 |
-44.4 |
|
|
Other futures contracts (1) |
26,620 |
28,411 |
-6.3 |
|
|
TOTAL ICE FUTURES EUROPE |
866,718 |
939,957 |
-7.8 |
|
|
Index futures & options (2) |
113,101 |
153,172 |
-26.2 |
|
|
Sugar No. 11 futures & options |
142,218 |
157,892 |
-9.9 |
|
|
Other agricultural commodity contracts (3) |
106,992 |
96,078 |
11.4 |
|
|
Currency futures and options contracts (4) |
27,053 |
24,356 |
11.1 |
|
|
TOTAL ICE FUTURES U.S. |
389,364 |
431,498 |
-9.8 |
|
|
TOTAL ICE FUTURES CANADA & CCFE(5) |
21,468 |
19,979 |
7.5 |
|
|
TOTAL FUTURES CONTRACTS |
1,277,550 |
1,391,434 |
-8.2 |
|
(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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|
4-mos 2011 |
4-mos 2010 |
Percent Change |
||
|
ICE Futures Europe |
1,082,151 |
871,207 |
24.2 |
|
|
ICE Futures U.S. |
415,802 |
428,361 |
-2.9 |
|
|
ICE Futures Canada & CCFE* |
20,501 |
15,766 |
30.0 |
|
|
Total Futures |
1,518,454 |
1,315,334 |
15.4 |
|
|
ICE Futures Monthly and Year-to-Date Volume |
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|
April 2011 |
April 2010 |
Percent Change |
||
|
ICE Futures Europe |
17,334,358 |
19,739,089 |
-12.2 |
|
|
ICE Futures U.S. |
7,787,270 |
9,061,457 |
-14.1 |
|
|
ICE Futures Canada & CCFE* |
429,365 |
419,556 |
2.3 |
|
|
Total Futures |
25,550,993 |
29,220,102 |
-12.6 |
|
|
4-mos 2011 |
4-mos 2010 |
Percent Change |
||
|
ICE Futures Europe |
88,736,365 |
71,439,005 |
24.2 |
|
|
ICE Futures U.S. |
34,095,774 |
35,125,577 |
-2.9 |
|
|
ICE Futures Canada & CCFE* |
1,681,121 |
1,308,555 |
28.5 |
|
|
Total Futures |
124,513,260 |
107,873,137 |
15.4 |
|
*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 |
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|
April 30, 2011 |
December 31, 2010 |
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|
ICE Futures Europe |
3,848,840 |
3,329,205 |
|
|
ICE Futures U.S. |
2,810,074 |
3,325,618 |
|
|
ICE Futures Canada & CCFE |
242,360 |
283,246 |
|
|
Rolling Three-Month Average Rate per Contract (RPC) |
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Product Line |
Three Months Ending April 2011 |
Three Months Ending March 2011 |
Three Months Ending February 2011 |
|
|
ICE Futures Europe |
$1.59 |
$1.55 |
$1.50 |
|
|
ICE Futures U.S. Ag |
$2.26 |
$2.15 |
$2.08 |
|
|
ICE Futures U.S. Fin |
$0.97 |
$1.03 |
$1.00 |
|
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
