Futures Business Segment
Total monthly futures volume in November rose 144.9% to 9,936,879 contracts, compared to 4,057,749 contracts in November 2005. ADV in November 2006 rose 144.9% to 451,676 contracts compared to ADV of 184,443 contracts in November 2005.
At November 30, 2006, open interest for ICE Futures stood at a record 1,515,376 contracts, compared to 648,585 contracts at December 31, 2005. ICE Brent Crude futures, ICE WTI Crude futures and ICE Gas Oil futures also established new open interest records during the month.
ICE Gas Oil futures monthly volume totaled a record 1,983,258 contracts, and ADV was a record 90,148 contracts, an increase of 68.6% compared to November 2005.
Futures Segment: November Volume Statistics
| Contract |
Total Volume Nov 2006
|
Total Volume Nov 2005
|
Volume % Change
|
ADV Nov 2006
|
ADV Nov 2005
|
ADV % Change
|
| ICE Brent Crude futures | 4,327,934 | 2,797,160 | 54.7 | 196,724 | 127,144 | 54.7 |
| ICE WTI Crude futures | 3,454,015 | n/a | -- | 157,001 | n/a | -- |
| ICE GasOil futures | 1,983,258 | 1,176,255 | 68.6 | 90,148 | 53,466 | 68.6 |
| Other contracts* | 171,672 | 84,334 | 103.6 | 7,803 | 3,833 | 103.6 |
| Total ICE Futures contract volume | 9,936,879 | 4,057,749 | 144.9 | 451,676 | 184,443 | 144.9 |
* "Other contracts" include ICE Heating Oil futures, ICE Unleaded Gasoline Blendstock (RBOB) futures, ICE UK Natural Gas futures, ICE-ECX CFI futures, ICE
UK Electricity futures, ICE Coal futures, ICE Brent options and ICE Gas Oil options. The ICE-ECX CFI futures contract is the result of a cooperative relationship between ICE Futures and the Chicago Climate Exchange, Inc. and its subsidiary, the European Climate Exchange. ICE Futures shares in the revenue derived from the ECX CFI Futures contract.
OTC Business Segment
In ICE’s OTC business segment, average daily commissions reflect daily trading activity in the company’s electronic OTC markets. In November 2006, ICE’s average daily commissions increased 101.3% to $723,323 from $359,311 in November 2005. The growth in average daily commissions was driven by ICE’s cleared OTC contracts and new market participants.
OTC Segment: November Average Daily Commissions
|
Nov 2006
|
Nov 2005
|
% Change
|
|
| ICE OTC Average Daily Commissions |
$723,323
|
$359,311
|
101.3%
|
Additional November 2006 Highlights:
- ICE Futures averaged approximately 50% market share in global crude futures
as measured by volume of light sweet crude oil. - A new daily volume record of 280,152 contracts in the ICE Brent Crude futures
contract was set on November 30. - Open interest in the ICE Brent Crude futures contract reached a new high
of 599,190 contracts on November 13. ICE WTI Crude futures also set a new
open interest record of 456,437 contracts on November 13. The ICE Gas Oil
futures contract established a new open interest record of 317,599 contracts
on November 3. - ICE reported progress on its proposed merger with the New York Board of
Trade, including a recent update that the U.S. Securities and Exchange Commission
declared effective the ICE Registration Statement on Form S-4 (Reg. No. 333-138312)
with respect to the merger. NYBOT will hold a special meeting of its members
on December 11, 2006, to consider and vote on the approval and adoption of
the merger agreement and the transactions contemplated by the merger agreement.
- On November 16, ICE marked the first anniversary of its listing as a publicly
traded company, following its initial public offering in November 2005.
Historical futures volume and OTC commission data can be found at: https://www.theice.com/marketdata/recordsAndVolumes/volumes2006.jsp
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release regarding IntercontinentalExchange’s business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the Company’s Securities and Exchange Commission filings, including, but not limited to, the risk factors in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 and the Company’s Registration Statement on Form S-4 (File No. 333-138312), as filed with the Securities and Exchange Commission on November 16, 2006.
