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IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported strong futures volume growth in April 2010. Average daily volume (ADV) for ICE's futures markets was a record 1,391,434 contracts, an increase of 41% from April 2009. ICE Futures Europe established its third consecutive monthly volume record, as well as a new ADV record of 939,957 contracts, up 65% on a year-to-year basis. Year-to-date through April 30, ADV across ICE's futures exchanges was 1,315,334 contracts, an increase of 32% compared to the first four months of 2009. Total futures volume in April 2010 was 29.2 million contracts.
April 2010 Review
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ICE Futures Europe records achieved in April:
- The exchange set a monthly volume record of 19,739,089 contracts.
- The exchange set a daily volume record of 1,399,536 contracts on April 13, including a record 464,381 ICE WTI Crude futures contracts.
- The ICE WTI Crude futures contract also established monthly and ADV records of 5,676,587 and 270,314 contracts, respectively.
- Volume and open interest records were established in emissions, coal and UK Natural Gas futures contracts.
- ICE Futures U.S. records achieved in March:
- Russell 2000(R) Index options on futures set a monthly volume record of 29,946.
- Through April 30, ICE's CDS clearing houses have cleared $7.9 trillion in
gross notional value on a cumulative basis on more than 160,000
transactions. ICE currently lists 209 CDS contracts for clearing.
- ICE Trust U.S. (ICE Trust) has cleared $5.1 trillion of gross notional value since inception, including $158 billion in single-name CDS, resulting in open interest of $367 billion. ICE Trust now offers clearing for 35 indexes and 63 single-name instruments.
- ICE Clear Europe has cleared EUR 2 trillion ($2.8 trillion) of gross notional value since inception, including EUR 238 billion in single-name CDS, resulting in EUR 268 billion ($357 billion) of open interest. ICE Clear Europe now offers clearing for 26 indexes and 85 single-name instruments.
- On April 29, ICE's YellowJacket subsidiary announced the extension of its instant message (IM) and trade negotiation service to equity options markets.
- On April 30, ICE announced its acquisition of Climate Exchange plc, a leader in traded emissions markets and operator of European Climate Exchange (ECX), the Chicago Climate Exchange (CCX) and the Chicago Climate Futures Exchange (CCFE).
- Trading days in April 2010:
- ICE Futures Europe: 21
- ICE Futures U.S.: 21
- ICE Futures Canada: 21
ICE Futures Contracts & Markets Monthly ADV
Product Line ADV ADV ADV
April April % Change
2010 2009
ICE Brent Crude futures &
options 419,969 253,458 65.7
ICE Gasoil futures &
options 186,023 118,266 57.3
ICE WTI Crude futures &
options 270,392 160,618 68.3
ICE ECX emissions futures &
options (1) 35,162 24,576 43.1
Other futures contracts (2) 28,411 12,593 125.6
TOTAL ICE FUTURES EUROPE 939,957 569,511 65.0
Russell 2000(R) mini futures
& options 152,311 151,867 0.3
Sugar No. 11 futures &
options 157,892 168,135 -6.1
Other agricultural
commodity contracts (3) 96,078 67,813 41.7
Currency futures (4) 24,299 7,519 223.2
Index futures (5) 824 871 -5.4
Other contracts (6) 94 260 -63.8
TOTAL ICE FUTURES U.S. 431,498 396,465 8.8
TOTAL ICE FUTURES CANADA 19,979 17,952 11.3
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TOTAL FUTURES CONTRACTS 1,391,434 983,928 41.4%
(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 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.
(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" include futures for the U.S. Dollar Index and foreign exchange futures.
(5) "Index futures" include futures for the Russell 1000(R) mini, the Continuous Commodity Index, the Euro Index, and the NYSE Composite.
(6) "Other contracts" include options on foreign exchange futures and options on index futures, excluding Russell 2000 mini options.
ICE Futures Year-to-Date ADV
4-mos 4-mos Percent
2010 2009 Change
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ICE Futures
Europe 871,207 620,946 40.3
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ICE Futures
U.S. 428,361 363,100 18.0
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ICE Futures
Canada 15,766 15,691 0.5
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Total Futures 1,315,334 999,737 31.6%
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ICE Futures Monthly and Year-to-Date Volume
April April Percent
2010 2009 Change
ICE Futures
Europe 19,739,089 11,959,728 65.0
ICE Futures
U.S. 9,061,457 8,325,766 8.8
ICE Futures
Canada 419,556 376,995 11.3
Total Futures 29,220,102 20,662,489 41.4%
4-mos 4-mos Percent
2010 2009 Change
ICE Futures
Europe 71,439,005 52,153,470 37.0
ICE Futures
U.S. 35,125,577 29,774,185 18.0
ICE Futures
Canada 1,308,555 1,302,321 0.5
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Total Futures 107,873,137 83,229,976 29.6%
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ICE Futures Open Interest
April 30, December 31,
2010 2009
ICE Futures
Europe (1) 3,192,492 2,647,694
ICE Futures U.S. 2,825,186 3,375,176
ICE Futures
Canada 127,206 118,181
(1) Through April 29, 2010
Rolling Three-Month Average Rate per Contract (RPC)
Three Months
Three Months Ending Three Months Ending Ending
Product Line April 2010 March 2010 February 2010
ICE Futures
Europe $1.51 $1.53 $1.54
ICE Futures
U.S. Ag $2.17 $2.13 $2.15
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ICE Futures
U.S. Fin $0.84 $0.92 $0.96
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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:
