ICE Reports Record January Futures ADV, Up 23% - Record ADV At ICE Futures Europe - Over $5 Trillion Cleared In CDS

IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported strong volume growth for its futures business in the first month of 2010. Average daily volume (ADV) for ICE's futures markets was a record 1,211,286 contracts, an increase of 23% from January 2009. ICE Futures Europe established a monthly ADV record of 811,477 contracts, up 21% from the first month of 2009. Total futures volume in January 2010 was 23 million contracts.

January 2010 Review

• Since launch, ICE's credit default swaps (CDS) clearing houses have cleared over $5 trillion in gross notional value across nearly 74,000 transactions.
  • ICE Trust U.S. has cleared $3.7 trillion of gross notional value, including $11 billion in single-name instruments, resulting in combined open interest of $246 billion.
  • ICE Clear Europe has cleared euro 1.1 trillion ($1.5 trillion) of gross notional value, including euro 36 billion in single-name instruments, resulting in euro 119 billion ($165 billion) of combined open interest.
• ICE was named 2009 Derivatives Exchange of the Year in the January 2010 issue of Risk magazine.
• On January 11, ICE announced management changes at its Creditex brokerage business.
• On January 14, ICE issued a statement regarding the Commodity Futures Trading Commission's (CFTC) Meeting on Energy Position Limits and Hedge Exemptions.
• On January 25, ICE launched 23 new cleared OTC energy contracts, for a total of 310 natural gas, power, and refined oil products contracts.
• Also on January 25, ICE Clear Europe received Derivatives Clearing Organization (DCO) registration from the CFTC.
• Trading days in January 2010:
  • ICE Futures Europe: 19
  • ICE Futures U.S.: 19
  • ICE Futures Canada: 20
• ICE Futures Europe records achieved in January 2010:
  • The ICE Brent Crude futures contract established record monthly ADV of 374,588 and an open interest record of 817,977 contracts on January 12.
  • The ICE Gasoil futures contract set new monthly records for total volume and ADV of 3,782,083 and199,057 contracts, respectively. ICE Gasoil futures also established an open interest record of 625,930 contracts on January 29.
  • All three ICE coal futures contracts established volume, ADV and open interest records in January. The U.K. Natural Gas futures contract also established volume and ADV records in January.

 
                     ICE Futures Contracts & Markets Monthly ADV
 
                                                  ADV         ADV
                                                January     January      ADV
           Product Line                           2010        2009    % Change
 
    ICE Brent Crude futures & options           375,790     313,004      20.1
    ICE Gasoil futures & options                199,810     146,681      36.2
    ICE WTI Crude futures & options             191,324     186,167       2.8
    ICE ECX emissions futures & options (1)      21,917      13,715      59.8
    Other futures contracts (2)                  22,636      12,583      79.9
    TOTAL ICE FUTURES EUROPE                    811,477     672,150      20.7
    Russell 2000(R) mini futures & options        127,521     123,493       3.3
    Sugar No. 11 futures & options              165,792     105,102      57.7
    Other agricultural commodity contracts (3)   69,663      61,420      13.4
    Currency futures (4)                         23,780       7,397     221.5
    Index futures (5)                               649         766     -15.3
    Other contracts (6)                             275         254       8.3
    TOTAL ICE FUTURES U.S.                      387,680     298,432      29.9
    TOTAL ICE FUTURES CANADA                     12,129      13,269      -8.6
                                                 ------      ------      ----
    TOTAL FUTURES CONTRACTS                   1,211,286     983,851      23.1%
 

(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; and ICE Coal 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.

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