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ICE Futures Volume
Total monthly volume at ICE Futures in February 2007 rose 92.8% to 9,847,062 contracts, compared to 5,107,913 contracts in February 2006. ADV for the month also rose 92.8% to 492,353 contracts compared to ADV of 255,396 contracts in February 2006. Excluding trading on President’s Day, a U.S. holiday during which the ICE Futures markets were open for trading, average daily volume for the month was 510,186 contracts. Monthly and average daily volume exchange-wide figures in February 2007 represented the second highest totals in the history of the exchange. ICE Brent Crude futures and ICE WTI Crude futures individually recorded their second best volume months in February.
ICE UK Natural Gas futures set a new monthly record of 97,635 contracts in February 2007, surpassing the previous January 2003 monthly record of 95,945; ADV was a record 4,882 contracts, exceeding by 11.9% the January 2003 ADV record.
During the month of February 2007, ICE Futures established several open interest records, including exchange-wide and in ICE Brent Crude, ICE WTI Crude and ICE Gas Oil futures.
In February 2007, the ICE Futures rate per contract (RPC) averaged $1.28, compared to $1.12 in February 2006, when a fee waiver for the ICE WTI Crude futures contract, as well as the previous futures rate structure, were in place. In January 2007, ICE Futures’ RPC was $1.30, compared to $1.33 in December 2006 and $1.33 in the fourth quarter of 2006.
At February 28, 2007, open interest for ICE Futures stood at 1,609,320 contracts, compared to 1,416,470 contracts at December 31, 2006.
ICE Futures Segment: FebruaryVolume Statistics
| Contract |
Total Volume
Feb 2007
|
Total Volume
Feb 2006
|
Volume
% Change
|
ADV
Feb 2007
|
ADV
Feb 2006
|
ADV
% Change
|
| ICE Brent Crude futures |
4,291,322
|
3,060,351
|
40.2
|
214,566
|
153,018
|
40.2
|
| ICE WTI Crude futures |
3,726,493
|
753,441
|
394.6
|
186,325
|
37,672**
|
394.6
|
| ICE GasOil futures |
1,630,420
|
1,218,886
|
33.8
|
81,521
|
60,944
|
33.8
|
| Other contracts* |
198,827
|
75,235
|
164.3
|
9,941
|
3,762
|
164.3
|
| Total ICE Futures contract volume |
9,847,062
|
5,107,913
|
92.8
|
492,353
|
255,396
|
92.8
|
* "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 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.
** The ICE WTI Crude futures contract began trading on February 3, 2006. The ADV for ICE WTI Crude futures in the above table includes two trading days (February 1 and 2) when the contract was not yet available for trading. The February 2006 ADV since the launch date was 41,858.
NYBOT Volume
In February 2007, total futures and options volume at NYBOT reached a record 4,886,508 contracts, an increase of 17.7% over February 2006. Monthly and daily volume records were established in NYBOT’s soft commodity futures including Sugar, Cotton and Cocoa futures contracts. Open interest records were set in Sugar, Cotton and Coffee futures.
On February 2, NYBOT introduced side-by-side trading in its core soft commodities for the first time in its history, offering its electronic markets on the ICE platform. Average daily electronic volume in soft commodity futures was 65,385 contracts in February 2007, with total average daily volume of 256,447 contracts.
NYBOT Segment: February Volume by Product
| Contract |
Total Volume
Feb 2007
|
Total Volume
Feb 2006
|
Volume
% Change
|
ADV
Feb 2006
|
ADV
%
Change
|
ADV*
% Electronic
|
| Cocoa futures |
338,998
|
264,557
|
28.1
|
13,924
|
28.1
|
28.7
|
| Sugar No. 11 futures |
2,197,680
|
1,611,935
|
36.3
|
84,839
|
36.3
|
36.3
|
| Sugar options |
311,146
|
530,841
|
-41.4
|
27,939
|
-41.4
|
N/A
|
| Cotton No. 2 futures |
713,894
|
495,729
|
44.0
|
26,091
|
44.0
|
17.5
|
| Coffee "C" futures |
468,712
|
416,965
|
12.4
|
21,946
|
12.4
|
43.6
|
| Coffee "C" options |
236,982
|
215,883
|
9.8
|
11,362
|
9.8
|
N/A
|
| Frozen Conc. Orange Juice (FCOJ) futures |
84,086
|
98,104
|
-14.3
|
5,163
|
-14.3
|
10.2
|
| FCOJ options |
28,263
|
25,374
|
11.4
|
1,335
|
11.4
|
N/A
|
| Cross Currency futures |
191,639
|
212,682
|
-9.9
|
10,634
|
-9.9
|
N/A
|
| US Dollar Index futures |
68,083
|
96,057
|
-29.1
|
4,803
|
-29.1
|
N/A
|
| Other contracts** |
247,025
|
183,023
|
35.0
|
9,556
|
35.5
|
N/A
|
| Total NYBOT futures & options volume |
4,886,508
|
4,151,150
|
17.7
|
217,592
|
17.9
|
32.4
|
* ADV calculated from February 2.
** "Other contracts" include NYBOT's additional markets for food, fiber, foreign exchange and index products.
OTC Business Segment
In ICE’s OTC business segment, average daily commissions reflect daily trading activity in the OTC markets. In February 2007, ICE’s average daily commissions increased 90.0% to $800,446, from $421,205 in February 2006.
OTC Segment: February Average Daily Commissions
|
Feb 2007
|
Feb 2006
|
% Change
|
|
| ICE OTC Average Daily Commissions |
$800,446
|
$421,205
|
90.0
|
Additional February 2007 Highlights and Notes:
- NYBOT electronic trading was extended to begin at 1:30 a.m. ET on February
20. - ICE Futures set a new exchange-wide open interest record on February 8 of
1,639,013 contracts. - ICE WTI Crude futures set an open interest record on February 28 of 533,306
contracts. - ICE Brent Crude futures established an open interest record on February
8 of 642,958 contracts. - ICE Gas Oil futures set an open interest record on February 2 of 355,285
contracts. - Newly appointed NYBOT President and COO Thomas Farley assumed his role on
February 22.
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: www.theice.com/nybot_volumes.jhtml
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 Annual Report on Form 10-K for the year ended December 31, 2006, as filed with the Securities and Exchange Commission on February 26, 2007.
