Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

IntercontinentalExchange Reports Monthly Volume For April 2007 - ICE Futures ADV Rises 63% - NYBOT ADV Grows 16%, Establishes A New Monthly Volume Record- OTC Average Daily Commissions Up 34%

Date 02/05/2007

IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace and soft commodity exchange, today reported strong growth in volume and commissions during the month of April 2007 compared to April 2006. Average daily volume (ADV) for ICE Futures, ICE’s U.K. futures subsidiary, was 496,904 contracts, an increase of 62.8% over ADV in April 2006. Volume at the New York Board of Trade (NYBOT), ICE’s U.S. regulated futures subsidiary, reached a record 4,894,804 contracts.

NYBOT ADV was 244,322 contracts in April 2007, up 15.6% over April 2006. Electronic trading accounted for 59.3% of the total NYBOT soft commodities futures contracts in April. Average daily commissions in ICE’s over-the-counter (OTC) segment were $647,787, a 34.0% increase over the prior April.

ICE Futures Volume and RPC

Monthly volume at ICE Futures in April 2007 totaled 9,937,609 contracts, an increase of 71.3% compared to 5,800,412 contracts in April 2006. ADV of 496,904 contracts for April represented a 62.8% increase over April 2006 ADV of 305,285 contracts.

During the month of April 2007, ICE Futures established several open interest records, including exchange-wide and in ICE Brent Crude and ICE WTI Crude futures.

In April 2007, ICE Futures rate per contract (RPC) averaged $1.30. ICE Futures RPC in the first quarter of 2007 was $1.29. RPC is calculated by dividing transaction revenues by trading volume, and varies depending upon customer and product mix.

At April 30, 2007, open interest for ICE Futures was 1,745,020 contracts, compared to 1,416,470 contracts at December 31, 2006.

ICE Futures Segment: April Volume by Product

Contract Total Volume Apr 2007 Total Volume Apr 2006 Volume  %Change ADV Apr 2007 ADV Apr 2006 ADV % Change
ICE Brent Crude futures 4,297,093  2,932,591  46.5 214,855 154,347  39.2
ICE WTI Crude futures  3,864,876 1,760,130 119.6 193,244  92,638 108.6
ICE Gas Oil futures 1,611,449 1,012,404  59.2  80,572 53,284 51.2
Other contracts* 164,191  95,287 72.3 8,233 5,016  64.2
Total ICE Futures contract volume 9,937,609  5,800,412 71.3 496,904 305,285 62.8
*“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, ICE WTI 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.

NYBOT Volume and RPC

In April 2007, total futures and options volume at NYBOT increased 21.8% to a record 4,894,804 contracts compared to April 2006 volume of 4,018,038 contracts. In April 2007, electronic ADV in soft commodity futures rose to 109,428 contracts, and total ADV was 244,322, compared to electronic ADV in March 2007 of 74,598 contracts, with total ADV of 198,736. ADV for soft commodity futures in April 2007 was 184,505, with 59.3% of soft commodity futures contracts traded electronically for the month. NYBOT set a monthly record in Cotton futures with 765,244 contracts. Also during April, NYBOT set open interest records in total futures, Sugar futures and U.S. Dollar Index® futures and options.

NYBOT set daily electronic trading records throughout April, including on five out of six consecutive trading days. On February 2, NYBOT introduced side-by-side trading in its core soft commodity futures for the first time in its history, offering its electronic markets on the ICE platform. Soft commodities include coffee, cocoa, cotton, orange juice (FCOJ) and sugar contracts.

In March 2007, NYBOT reported an aggregate RPC for NYBOT soft commodity futures and options of $1.61. RPC for the first quarter in 2007 was $1.59, compared to $1.56 for the fourth quarter of 2006 in soft commodities. Note: RPC for NYBOT will be reported one month in arrears.

ICE will update its progress on the NYBOT integration, including updated synergy details, on its first quarter earnings call scheduled for 8:30 a.m. ET today.

NYBOT Segment: April Volume by Product

Contract

Total Volume Apr 2007 Total Volume Apr 2007 Volume % Change ADV Apr 2007 ADV Apr 2006 ADV % Change ADV % Electronic
Cocoa futures 333,551 295,814 12.8  16,678  15,569  7.1 72.3
Sugar futures 2,028,570  1,475,596 37.5  101,429  77,663 30.6  68.3
Sugar options 481,482 524,884   -8.3  24,074 27,625 -12.9  n/a
Cotton No. 2 futures 765,244  515,709 48.4 38,262  27,143 41.0  31.9
Coffee “C” futures 474,542 429,249 10.6  23,727  22,592  5.0  61.3
Coffee “C” options 244,537  185,166 32.0  12,227 9,746  25.5 n/a
FCOJ futures  87,803  92,312 -4.9 4,390 4,859  -9.6  29.4
FCOJ options  47,165 26,355  79.0 2,358  1,387 70.0  n/a
Cross Currency futures 103,584  205,769 -49.7 4,933  10,830   -54.5   n/a
US Dollar Index futures 44,588 87,790 -49.2 2,123  4,621 -54.0 n/a
Other contracts* 283,738 179,394 58.2 14,122  9,442  49.6 n/a
Total NYBOT futures & options** 4,894,804 4,018,038 21.8  244,322 211,476 15.6 59.3

* “Other contracts” are NYBOT’s additional markets for food, fiber, foreign exchange and index products.
** ADV % Electronic calculation excludes products that were not available for electronic trading.

OTC Business Segment

In ICE’s OTC business segment, average daily commissions reflect daily trading activity in the OTC markets. In April 2007, ICE’s average daily commissions rose 34.0% to $647,787 compared to $483,343 in April 2006.

OTC Segment: April Average Daily Commissions

Apr 2007 Apr 2006 % Change
ICE OTC Average Daily Commissions  $647,787 $483,343  34.0

Additional April 2007 Highlights:

  • U.S. participants trading in ICE Futures markets now receive “60/40 tax treatment” as of April 1, 2007, since ICE Futures was designated by the U.S. Internal Revenue Service as a “qualified board or exchange.” Contracts offered by ICE Futures afford U.S. market participants with the same tax treatment available on U.S. futures exchanges’ contracts.
  • NYBOT reported five daily electronic volume records in six consecutive trading days in April, culminating on April 16 with 156,600 electronic soft commodity futures contracts.
  • On April 5, ICE Futures set several new daily volume records, including exchangewide volume of 1,855,652 contracts, ICE Brent Crude futures volume of 721,721 contracts and ICE WTI Crude futures volume of 618,953 contracts.
  • ICE Futures in April announced plans to launch ICE Middle East Sour Crude futures beginning May 21, 2007. The new contract places three leading crude oil benchmarks on a single trading platform.
  • ICE Futures introduced the ICE WTI Options contract in late April in conjunction with a market maker program.
  • The ICE Trading Center, located in the premier 2 World Financial Center in New York, opened on April 12. The 10,000 square-foot state-of-the-art facility features the latest in technology and communications for professional traders.
  • ICE announced plans to relocate its disaster recovery center to Chicago in a staged transition beginning in June 2007, and culminating in the primary data center move occurring in January 2008.
  • ICE announced that it has entered into a purchase and leaseback agreement with Intelligence Press, Inc. (IPI) to acquire the natural gas indexes published by IPI in its Natural Gas Intelligence (NGI) newsletters. IPI will continue to collect and aggregate prices in the wholesale natural gas market and publish the indexes, and ICE will have the exclusive right to license the indexes for exchange settlement and clearing.
  • ICE announced its global clearing strategy, including the establishment of ICE Clear Europesm, to be based in the U.K., and the re-naming of the New York Clearing Corp. to ICE Clear USsm. More details are available in the April 30 press release.

Historical futures volume and OTC commission data can be found at: www.theice.com/marketdata/recordsAndVolumes/volumes2007.jsp

Volume and open interest information on NYBOT can be found at:
https://www.theice.com/nybot_volumes.jhtml

About IntercontinentalExchange
IntercontinentalExchange® (NYSE: ICE) operates the leading global, electronic marketplace for trading both futures and OTC energy contracts and the leading soft commodity exchange. ICE’s markets offer access to a range of contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, in addition to currency and index futures and options. ICE® conducts its energy futures markets through its U.K. regulated London-based subsidiary, ICE Futures, Europe’s leading energy exchange. ICE Futures offers liquid markets in the world’s leading oil benchmarks, Brent Crude futures and West Texas Intermediate (WTI) Crude futures, trading nearly half of the world’s global crude futures by volume of commodity traded. ICE conducts its agricultural commodity futures and options markets through its U.S. regulated subsidiary, the New York Board of Trade®. For more than a century, the NYBOT® has provided global markets for food, fiber and financial products. ICE was added to the Russell 1000® Index on June 30, 2006. Headquartered in Atlanta, ICE also has offices in Calgary, Chicago, Houston, London, New York and Singapore. For more information, please visit www.theice.com and www.nybot.com.