IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for January 2013. ICE's average daily volume (ADV) for futures and options was 3,478,414 contracts, a decrease of 15% from the prior January. Total contract volume in January 2013 was 73 million contracts. All prior period contract volumes have been adjusted to include the converted futures contracts, which previously traded in ICE's OTC markets.
January 2013 Review
- ICE received regulatory approval to provide portfolio margining relief for buy-side clearing of certain CDS, and ICE Clear Credit plans to launch clearing of North American single names and Latin American sovereigns and portfolio margining for the buy-side in the current quarter.
- ICE announced the February 11 launch of 16 new energy contracts to include new global oil, iron ore and China coal futures products.
- Volume records were set in January in ICE RBOB and Newcastle Coal futures, and open interest records were set in ICE Brent crude futures, Heating Oil futures, Cocoa futures and WTI options.
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ICE Futures Contracts & Markets ADV |
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ADV January 2013 |
ADV January 2012 |
ADV % Change |
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ICE Brent |
676,136 |
576,497 |
17.3 |
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ICE Gasoil |
289,685 |
290,488 |
-0.3 |
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ICE Other Oil (1)* |
261,746 |
207,575 |
26.1 |
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ICE OIL |
1,227,566 |
1,074,560 |
14.2 |
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ICE Natural Gas* |
1,307,297 |
2,190,859 |
-40.3 |
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ICE Power* |
512,328 |
394,398 |
29.9 |
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ICE Emissions & Other (2) |
45,326 |
39,984 |
13.4 |
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TOTAL ENERGY |
3,092,516 |
3,699,801 |
-16.4 |
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ICE Sugar |
131,552 |
121,301 |
8.5 |
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ICE Other Ags (3) |
131,578 |
106,429 |
23.6 |
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TOTAL AGRICULTURAL |
263,130 |
227,730 |
15.5 |
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ICE Equity Index (4) |
90,054 |
120,068 |
-25.0 |
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ICE FX (5) |
32,712 |
25,818 |
26.7 |
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TOTAL FINANCIALS |
122,767 |
145,886 |
-15.8 |
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TOTAL FUTURES & OPTIONS |
3,478,414 |
4,073,418 |
-14.6 |
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(1) "ICE Other Oil" includes futurized oil contracts, WTI, Heating Oil, RBOB Gasoline and Middle East Sour Crude. Excludes Daily Brent Bullet contracts. |
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(2) "ICE Emissions & Other" includes all emissions contracts, freight, coal and iron ore and uranium. |
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(3) "ICE Other Ags" includes Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Corn, Wheat, Soybeans, Barley and Canola. |
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(4) "ICE Equity Index" includes the Russell 2000®, Russell 1000®, the Continuous Commodity Index. |
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(5) "ICE FX" includes futures and options for the U.S. Dollar Index and foreign exchange. |
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*Historical volume has been adjusted to include new energy futures contracts
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ICE Futures Monthly Volume |
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January 2013 |
January 2012 |
Percent Change |
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Energy* |
64,942,846 |
73,996,027 |
-12.2 |
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Agricultural |
5,545,159 |
4,572,818 |
21.3 |
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Financials |
2,578,103 |
2,917,717 |
-11.6 |
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TOTAL CONTRACTS |
73,066,108 |
81,486,562 |
-10.3 |
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*Historical energy volume has been adjusted to include new energy futures contracts |
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Rolling Three-Month Average Rate per Contract (RPC) |
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Futures & Options Products |
Three Months Ending January 2013 |
Three Months Ending December 2012 |
Three Months Ending November 2012 |
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Energy* |
$1.08 |
$1.07 |
$1.08 |
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Agricultural* |
$2.54 |
$2.47 |
$2.43 |
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Financials |
$1.04 |
$1.00 |
$1.01 |
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*Historical energy RPC has been adjusted to include new energy futures contracts and agricultural RPC has been adjusted to include Canadian contracts
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ICE Futures & Options Open Interest |
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January 31, 2013 |
December 31, 2012 |
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Energy* |
73,906,689 |
70,108,837 |
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Agricultural |
2,877,171 |
2,502,583 |
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Financials |
492,283 |
463,058 |
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*Historical energy open interest has been updated to include new energy futures contracts |
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- Through January 25, ICE's CDS clearing houses have cleared $37 trillion in gross notional value on a cumulative basis across 1.16 million trades. ICE Clear Credit has cleared $2.2 trillion in single-name CDS resulting in open interest of $737 billion. ICE Clear Europe has cleared €1.6 trillion ($2.1 trillion) in single-name CDS resulting in €362 billion ($484 billion) of open interest. ICE lists 375 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml
- Trading days in January 2013
- ICE Futures Europe & U.S: 21
- ICE Futures Canada: 22
Note: As of October 15, 2012, ICE transitioned all of the open interest in OTC cleared energy swaps contracts to futures contracts. All futures volumes in the tables above have been adjusted to treat, on a pro forma basis, the OTC cleared energy swaps contracts as futures contracts for all periods prior to October 2012.
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
