IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported volume for May 2011. Average daily volume (ADV) for ICE's futures markets was 1,429,907 contracts, a decline of 1% from May 2010. Year-to-date through May 31, ADV across ICE's futures exchanges was 1,500,400 contracts, an increase of 12% compared to the first five months of 2010. Total futures volume in May 2011 was 30.0 million contracts, up 4% from May 2010.
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Operating and Financial Guidance Update
- ICE expects acquisition-related transaction costs primarily related to the NYSE/LIFFE deal for the three months ended June 30, 2011 in the range of$5 million to $7 million.
May 2011 Review
- ICE Futures Europe records:
- The exchange established a daily volume record of 1,703,446 contracts on May 6.
- ICE Brent Crude futures established a monthly volume record of 11,122,002 contracts and a daily volume record of 906,958 contracts on May 6. This was the second consecutive daily volume record for Brent during the month.
- ICE Heating Oil futures established a monthly volume record of 47,901 contracts and a daily volume record of 5,179 contracts on May 17.
- ICE RBOB Gasoline futures established a monthly volume record of 38,762 contracts and a daily volume record of 3,631 contracts on May 25 .
- Open interest records were established for Brent, WTI and Gasoil options, as well as a number of emissions and utilities contracts.
- ICE Futures US records:
- ICE U.S. Dollar Index futures established a monthly volume record of 822,538 contracts and an ADV record of 39,168 contracts.
- ICE Cocoa options established an open interest record of 107,291 contracts on May 31.
- ICE announced that its ICE Link platform will offer connectivity to CME Clearing for credit default swap (CDS) clearing starting in the summer of 2011.
- ICE launched 49 new cleared OTC energy contracts on May 23.
- On May 16, ICE and Nasdaq OMX withdrew their joint proposal to acquire NYSE Euronext.
- ICE was named Energy Risk Magazine's 2011 Exchange of the Year.
- ICE announced the launch on June 13 of 48 new cleared OTC energy contracts.
- ICE Clear Europe cleared its first freight forward agreement on May 24.
- Through May 27, ICE's CDS clearing houses have cleared $18.5 trillion in gross notional value on a cumulative basis across 516,617 transactions. ICE currently lists 313 CDS contracts for clearing.
- ICE Trust U.S. (ICE Trust) reached $11.1 trillion in gross notional value cleared as of May 27, including $858 billion in single-name CDS, resulting in open interest of $666 billion. ICE Trust offers clearing for 41 indexes and 117 single-name contracts.
- ICE Clear Europe has cleared €5.5 trillion ($7.5 trillion) of gross notional value since inception, including €885 billion ($1.2 trillion) in single-name CDS, resulting in €543 billion ($775 billion) of open interest. ICE Clear Europe offers clearing for 34 indexes and 121 single-name contracts.
- Trading days in May 2011:
- ICE Futures Europe: 21
- ICE Futures U.S.: 21
- ICE Futures Canada: 21
- Chicago Climate Futures Exchange: 21
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ICE Futures Contracts & Markets Monthly ADV |
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Product Line |
ADV May 2011 |
ADV May 2010 |
ADV % Change |
|
|
ICE Brent Crude futures & options |
536,737 |
453,358 |
18.4 |
|
|
ICE Gasoil futures & options |
233,991 |
200,094 |
16.9 |
|
|
ICE WTI Crude futures & options |
212,102 |
266,090 |
-20.3 |
|
|
ICE ECX emissions futures & options |
21,803 |
34,577 |
-36.9 |
|
|
Other futures contracts (1) |
25,289 |
28,981 |
-12.7 |
|
|
TOTAL ICE FUTURES EUROPE |
1,029,922 |
983,100 |
4.8 |
|
|
Index futures & options (2) |
148,906 |
224,846 |
-33.8 |
|
|
Sugar No. 11 futures & options |
108,621 |
112,245 |
-3.2 |
|
|
Other agricultural commodity contracts (3) |
82,703 |
69,793 |
18.5 |
|
|
Currency futures and options contracts (4) |
43,667 |
39,658 |
10.1 |
|
|
TOTAL ICE FUTURES U.S. |
383,897 |
446,542 |
-14.0 |
|
|
TOTAL ICE FUTURES CANADA & CCFE(5) |
16,088 |
11,925 |
34.9 |
|
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TOTAL FUTURES CONTRACTS |
1,429,907 |
1,441,567 |
-0.8 |
|
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(1) "Other futures contracts" include ICE UK Natural Gas futures; ICE Coal futures; ICE Dutch TTF and German Natural Gas futures; ICE UK Electricity futures; ICE Heating Oil futures; and ICE Unleaded Gasoline Blendstock (RBOB) futures |
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(2) "Index futures & options" includes Russell 2000® mini futures and options and futures for the Russell 1000® mini, the Continuous Commodity Index, the Euro Index and the NYSE Composite. |
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(3) "Other agricultural commodity contracts" include futures and/or options for Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Sugar No. 14 and Sugar No. 16. |
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(4) "Currency futures and options" include futures and options for the U.S. Dollar Index and foreign exchange. |
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(5) ICE acquired Chicago Climate Futures Exchange (CCFE) on July 8, 2010. Prior-year amounts do not include CCFE volume and percentage change does not include CCFE prior-year volume. |
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ICE Futures Year-to-Date ADV |
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5-mos 2011 |
5-mos 2010 |
Percent Change |
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|
ICE Futures Europe |
1,071,502 |
893,147 |
20.0 |
|
|
ICE Futures U.S. |
409,297 |
431,926 |
-5.2 |
|
|
ICE Futures Canada & CCFE* |
19,601 |
15,020 |
30.5 |
|
|
Total Futures |
1,500,400 |
1,340,093 |
12.0 |
|
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ICE Futures Monthly and Year-to-Date Volume |
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|
May 2011 |
May 2010 |
Percent Change |
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|
ICE Futures Europe |
21,628,363 |
19,661,992 |
10.0 |
|
|
ICE Futures U.S. |
8,061,845 |
8,930,835 |
-9.7 |
|
|
ICE Futures Canada & CCFE* |
337,839 |
238,500 |
41.7 |
|
|
Total Futures |
30,028,047 |
28,831,327 |
4.2 |
|
|
5-mos 2011 |
5-mos 2010 |
Percent Change |
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|
ICE Futures Europe |
110,364,728 |
91,100,997 |
21.1 |
|
|
ICE Futures U.S. |
42,157,619 |
44,056,412 |
-4.3 |
|
|
ICE Futures Canada & CCFE* |
2,018,960 |
1,547,055 |
30.5 |
|
|
Total Futures |
154,541,307 |
136,704,464 |
13.0 |
|
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*ICE acquired CCFE on July 8, 2010. Prior-year amounts do not include CCFE volume and percentage change does not include CCFE prior-year volume. |
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ICE Futures Open Interest |
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May 31, 2011 |
December 31, 2010 |
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ICE Futures Europe |
3,853,598 |
3,329,205 |
|
|
ICE Futures U.S. |
3,076,051 |
3,325,618 |
|
|
ICE Futures Canada & CCFE |
254,444 |
283,246 |
|
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Rolling Three-Month Average Rate per Contract (RPC) |
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Product Line |
Three Months Ending May 2011 |
Three Months Ending April 2011 |
Three Months Ending March 2011 |
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|
ICE Futures Europe |
$1.59 |
$1.59 |
$1.55 |
|
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ICE Futures U.S. Ag |
$2.34 |
$2.26 |
$2.15 |
|
|
ICE Futures U.S. Fin |
$0.98 |
$0.97 |
$1.03 |
|
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RPC is calculated by dividing transaction revenues by contract volume, and may vary based on pricing, customer and product mix. |
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Historical futures volume and OTC commission data can be found at:
http://ir.theice.com/supplemental.cfm
