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IntercontinentalExchange(R) (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported strong July 2009 volume. Average daily volume (ADV) for ICE's futures markets was 1,012,437 contracts, an increase of 34% from July 2008. Year-to-date through July 31, 2009, ADV across ICE's futures exchanges was 1,015,405 contracts, an increase of 10% compared to the same period of 2008. Total futures volume for the month of July was 22.3 million contracts.
ICE Futures Europe(R) established monthly volume and ADV records of 15,769,521 contracts and 716,796 contracts, respectively, and month-end open interest reached a record 2,778,885 contracts, an increase of 32% from December 31, 2008. Volume, ADV and open interest records were set in a number of ICE Futures Europe contracts, including ICE Brent crude oil, European gas oil and EU emissions futures.
Additional July 2009 Information:
- ICE Clear Europe(R) began CDS clearing operations on July 27 with 10 initial members. In its first week, ICE Clear Europe cleared 141 transactions totaling Euro 5.9 billion ($8.4 billion) of notional value, and resulting in Euro 382.5 million of open interest.
- Since its inception in March, ICE Trust(TM), ICE's U.S.-based dedicated credit default swap clearing house, has cleared 19,255 transactions totaling $1.7 trillion of notional value, and resulting in $171 billion of open interest through July 31.
- On July 17, ICE announced its segregated funds solution to serve buy-side participants wishing to participate in CDS clearing with account protections and portability.
- On July 27, ICE announced that its Henry Hub natural gas swap contract was designated as a Significant Price Discovery Contract by the Commodity Futures Trading Commission (CFTC). In addition, as of July 31, ICE Futures Europe's WTI crude oil futures contract is included in the CFTC's weekly Commitment of Traders report.
- ICE Chairman and CEO Jeff Sprecher testified
at a CFTC hearing on July 28 regarding position limits and hedge exemptions
for CFTC-regulated contracts.
- Trading days in July 2009:
- ICE Futures Europe: 22
- ICE Futures U.S. (R) (Agricultural and Financial): 22
- ICE Futures Canada(R): 22 - ICE Futures Europe product records achieved in July 2009:
- The ICE Brent crude futures contract established monthly volume and ADV records of 7,148,810 contracts and 324,946 contracts, respectively.
- The ICE Gas Oil futures contract established monthly volume and ADV records of 3,625,426 contracts and 164,792 contracts, respectively.
- Volume, ADV and open interest records were established for several coal and emissions contracts, as well as U.K. natural gas and U.K. electricity contracts.
- Trading days in July 2009:
ICE Futures Contracts & Markets Monthly ADV
ADV ADV
July July ADV
Product Line 2009 2008 % Change
------------ ---- ---- --------
ICE Brent Crude futures & options 325,458 239,165 36.1
ICE WTI Crude futures & options 189,621 174,839 8.5
ICE Gas Oil futures & options 165,697 105,570 57.0
ICE ECX emissions futures &
options (1) 21,405 15,057 42.2
Other futures contracts (2) 14,615 5,921 146.8
TOTAL ICE FUTURES EUROPE 716,796 540,552 32.6
Russell 2000(R) mini futures &
Options (3) 129,028 7,511 1618.0
Sugar No. 11 futures & options 102,449 115,306 -11.2
Other agricultural commodity
contracts (4) 45,502 69,134 -34.2
Currency futures (5) 4,041 6,062 -33.3
Index futures (6) 6,401 5,584 14.6
Other contracts (7) 181 619 -70.8
TOTAL ICE FUTURES U.S. 287,602 204,216 40.8
TOTAL ICE FUTURES CANADA 8,039 8,100 -0.8
----- ----- ----
TOTAL FUTURES CONTRACTS 1,012,437 752,868 34.5%
(1) ICE ECX EUA and ICE ECX CER futures and options contracts are the
result of a cooperative relationship between ICE Futures Europe and the
European Climate Exchange. ICE Futures Europe shares in the transaction
fee revenue derived from these contracts.
(2) "Other futures contracts" include ICE Middle East Sour Crude futures;
ICE Heating Oil futures; ICE Unleaded Gasoline Blendstock (RBOB) futures;
ICE UK Natural Gas futures; ICE UK Electricity futures; and ICE Coal
futures.
(3) The transition of the Russell 2000 mini futures and options
contracts to exclusive trading on ICE occurred in September 2008.
(4) "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.
(5) "Currency futures" include futures for foreign exchange futures.
(6) "Index futures" include futures for the U.S. Dollar Index(R), Russell
2000 (full size), Russell 1000(R), Russell 1000 mini, the Continuous
Commodity Index, the Euro Index, and the NYSE Composite. The transition of
the Russell Index futures and options contracts to exclusive trading on
ICE occurred in September 2008.
(7) "Other contracts" include options on foreign exchange futures and
options on index futures, excluding Russell 2000 mini options.
ICE Futures Year-to-Date ADV
7-mos 2009 7-mos 2008 Percent Change
---------- ---------- --------------
ICE Futures Europe 636,213 601,659 5.7
ICE Futures U.S. 364,869 303,717 20.1
ICE Futures Canada 14,323 14,720 -2.7
ICE Futures Monthly and Year-to-Date Volume
July 2009 July 2008 Percent Change
--------- --------- --------------
ICE Futures Europe 15,769,521 12,432,698 26.8
ICE Futures U.S. 6,327,237 4,512,524 40.2
ICE Futures Canada 176,868 178,205 -0.8
7-mos 2009 7-mos 2008 Percent Change
---------- ---------- --------------
ICE Futures Europe 94,159,478 90,850,497 3.6
ICE Futures U.S. 53,270,894 44,721,074 19.1
ICE Futures Canada 2,105,484 2,178,490 -3.4
ICE Futures Open Interest
July 31, 2009 December 31, 2008
------------- -----------------
ICE Futures Europe 2,778,885 2,102,574
ICE Futures U.S. 2,958,162 3,028,877
ICE Futures Canada (1) 119,873 97,673
(1) The July 31 figure represents open interest at ICE Futures Canada
through July 30, 2009.
Rolling Three-Month Average Rate per Contract (RPC)
Three Months Three Months Three Months
Ending Ending Ending
Product Line July 2009 June 2009 May 2009
------------ ------------ ------------ ------------
ICE Futures Europe $1.58 $1.61 $1.61
ICE Futures U.S. Ag $2.15 $2.16 $2.23
ICE Futures U.S. Fin $0.86 $0.84 $0.77
RPC is calculated by dividing transaction revenues by contract volume, and may vary based on pricing, customer and product mix.
Monthly RPC and volumes are estimated using best available current information. Final figures are reported in ICE's quarterly and annual filings with the Securities and Exchange Commission.
Historical futures volume and OTC commission data can be found at:
