IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for February 2013. ICE's average daily volume (ADV) for futures and options was 3,640,377 contracts, a decline of 10% from the prior February. Total contract volume in February 2013 was 69 million. All prior period contract volumes have been adjusted to include the transitioned futures contracts, which previously traded in ICE's OTC markets.
Financial Updates and Guidance
- ICE's March 2013 volume press release will be issued on Wednesday, April 3 rather than on April 2 due to the UK holiday.
February 2013 Review
- ICE Clear Credit began clearing for Markit iTraxx Europe CDS indices on February 25.
- On February 15, the Hart-Scott-Rodino (HSR) Act waiting period expired for ICE's transaction with NYSE Euronext.
- ICE and Cetip's jointly developed fixed-income trading platform Cetip Trader launched on February 25, following a successful beta test and regulatory approval.
- Monthly and daily volume records were established in ICE Emission EUA and RBOB Gasoline futures contracts. Daily volume records were also set in ICE Heating Oil and ICE Russell 1000 Growth Index futures.
- During February, open interest records were set in Brent Crude futures, WTI options, Heating Oil futures, Coal Rotterdam options, Russell 1000 Growth futures and Dutch TTF Natural Gas options.
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ICE Futures Contracts & Markets ADV |
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|
Product Line (Futures & Options) |
ADV Feb 2013 |
ADV Feb 2012 |
ADV % |
ADV YTD Feb 2013 |
ADV YTD Feb 2012 |
ADV % |
|
ICE Brent |
686,843 |
635,979 |
8.0% |
681,222 |
606,238 |
12.4% |
|
ICE Gasoil |
290,438 |
275,651 |
5.4% |
290,043 |
283,070 |
2.5% |
|
ICE Other Oil (1)* |
276,250 |
243,479 |
13.5% |
268,635 |
225,527 |
19.1% |
|
ICE OIL |
1,253,531 |
1,155,109 |
8.5% |
1,239,900 |
1,114,835 |
11.2% |
|
ICE Natural Gas* |
1,133,136 |
1,962,463 |
-42.3% |
1,224,570 |
2,076,661 |
-41.0% |
|
ICE Power* |
704,528 |
438,114 |
60.8% |
603,623 |
416,256 |
45.0% |
|
ICE Emissions & Other (2) |
57,759 |
40,247 |
43.5% |
51,232 |
40,116 |
27.7% |
|
TOTAL ENERGY |
3,148,954 |
3,595,934 |
-12.4% |
3,119,325 |
3,647,868 |
-14.5% |
|
ICE Sugar |
177,943 |
160,833 |
10.6% |
153,588 |
141,067 |
8.9% |
|
ICE Other Ags (3) |
169,678 |
139,761 |
21.4% |
149,553 |
122,949 |
21.6% |
|
TOTAL AGRICULTURAL |
347,621 |
300,594 |
15.6% |
303,140 |
264,016 |
14.8% |
|
ICE Equity Index (4) |
104,926 |
135,336 |
-22.5% |
97,118 |
127,702 |
-23.9% |
|
ICE FX (5) |
38,877 |
31,912 |
21.8% |
35,640 |
28,865 |
23.5% |
|
TOTAL FINANCIALS |
143,802 |
167,248 |
-14.0% |
132,759 |
156,567 |
-15.2% |
|
TOTAL FUTURES & OPTIONS |
3,640,377 |
4,063,776 |
-10.4% |
3,555,224 |
4,068,451 |
-12.6% |
|
Note: Figures may not foot due to rounding. |
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ICE Futures Monthly and YTD Volume |
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|
Futures & Options |
February 2013 |
February 2012 |
Percent Change |
YTD Feb 2013 |
YTD Feb 2012 |
Percent Change |
|
Energy* |
59,830,134 |
71,918,682 |
-16.8% |
124,772,980 |
145,914,709 |
-14.5% |
|
Agricultural |
6,604,792 |
6,011,874 |
9.9% |
12,149,951 |
10,584,692 |
14.8% |
|
Financials |
2,732,244 |
3,344,957 |
-18.3% |
5,310,347 |
6,262,674 |
-15.2% |
|
TOTAL CONTRACTS |
69,167,170 |
81,275,513 |
-14.9% |
142,233,278 |
162,762,075 |
-12.6% |
|
*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 |
Three Months February 2013 |
Three Months |
Three Months December 2012 |
|
Energy* |
$1.07 |
$1.08 |
$1.07 |
|
Agricultural* |
$2.59 |
$2.54 |
$2.47 |
|
Financials |
$1.03 |
$1.04 |
$1.00 |
|
*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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|
February 28, 2013 |
December 31, 2012 |
|
|
Energy* |
77,684,818 |
70,108,837 |
|
Agricultural |
2,434,386 |
2,502,583 |
|
Financials |
532,896 |
463,058 |
|
*Historical energy open interest has been updated to include new energy futures contracts. |
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- Through February 22, ICE's CDS clearing houses have cleared $38 trillion in gross notional value on a cumulative basis across 1.2 million trades. ICE Clear Credit has cleared $2.2 trillion in single-name CDS resulting in open interest of $742 billion. ICE Clear Europe has cleared €1.6 trillion ($2.2 trillion) in single-name CDS resulting in €541 billion ($713 billion) of open interest. ICE lists 423 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml
- Trading days in February 2013
- ICE Futures Europe & U.S: 19
- ICE Futures Canada: 19
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
