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ICE Futures volume increased 72% over last January, fueled by monthly records in key products, including IPE Brent Crude futures, IPE Gas Oil futures and ICE Futures’ ECX CFI futures contract based on the European emissions market. OTC commissions in January increased [70]%.
OTC Business Segment
In ICE’s OTC business segment, average daily commissions reflect daily trading activity in the company’s OTC markets. In January 2006, ICE’s average daily commissions rose to $x, an increase of x% compared to average daily commissions in January 2005. Growth in average daily commissions was driven primarily by the continued expansion of ICE’s cleared OTC product volumes, particularly in natural gas and power. ICE announced it would transition its cleared OTC WTI Crude Oil Bullet swap contract into the new ICE Futures WTI Crude futures contract launching today.
OTC Segment: Average Daily Commissions
| Jan. 2006 | Jan. 2005 | % Change | |
| ICE OTC Average Daily Commissions | $387,974 | $228,563 | 69.7 |
Futures Business Segment
At ICE Futures, the company’s futures business segment, average daily volume (ADV) in January 2006 increased 64% to 226,400 contracts compared to 138,392 contracts in January 2005. Total monthly futures volume rose 72% to a record 4,754,400 contracts in January 2006, compared to monthly volume of 2,767,840 in January 2005.
Total volume in the IPE Gas Oil futures contract grew 72% in January 2006 to a record 1,289,474 contracts, compared to 750,251 in January 2005. Traded volume in the benchmark IPE Brent Crude futures contract increased 73% in January 2006 to a new high of 3,375,641 contracts, compared to 1,953,429 in January 2005.
At January 31, 2006, total open interest in ICE Futures contracts stood at 660,795 contracts, with open interest in the IPE Brent Crude futures contract at 384,829. This compares to total open interest of 529,724 and IPE Brent Crude futures open interest of 334,076 at January 31, 2005.
Futures Segment: January Volume Statistics
| Contract | ADV Jan. 2006 | ADV Jan. 2005 | ADV% Change | Total Volume Jan. 2006 | Total Volume Jan. 2005 | Volume % Change |
| IPE Brent Crude futures | 160,745 | 97,671 | 65% | 3,375,641 | 1,953,429 | 73% |
| IPE GasOil futures | 61,404 | 37,513 | 64% | 1,289,474 | 750,251 | 72% |
| Other contracts* | 4,251 | 3,208 | 33% | 89,285 | 64,160 | 39% |
| Total ICE Futures | 226,400 | 138,392 | 64% | 4,754,400 | 2,767,840 | 72% |
* “Other contracts” include IPE Natural Gas Futures, IPE ECX CFI Futures, IPE Electricity futures and IPE Brent Options and IPE Gas Oil Options.
January Highlights:
• Cleared OTC volume in January was xx, up x% compared to xx in January 2005.
• ICE Futures’ ECX CFI futures contract based on the European emissions market set a new monthly volume record of 33,931 in January, exceeding the previous record of 20,047 set in Oct 2005. [Mention daily record on Jan. 19? of 6,281 contracts?]
• The introduction of ICE Futures’ newest product, the ICE WTI Crude futures contract, was announced in January and began trading this morning, February 3.
Additional historical futures volume and OTC commission data can be found at the Records and Volumes page.
