ICE Reports Futures Volume For November 2008; November ADV Up 9%; Year-To-Date ADV Up 20%

IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges and over-the- counter (OTC) markets, today reported that average daily volume (ADV) for all ICE futures contracts reached 876,393 for the month, an increase of 9% from 804,944 contracts in November 2007.

Total volume was 17.4 million contracts across its futures exchanges for the month of November 2008, a modest increase over November 2007. ICE operates three regulated futures exchanges: ICE Futures Europe(R), ICE Futures U.S.(R) and ICE Futures Canada(TM), in addition to its global OTC markets for energy and credit derivatives.

Year-to-date through November 30, 2008, ADV for ICE Futures contracts increased 20% to 929,170, compared to the same period in 2007. ADV for ICE Futures Europe and ICE Futures U.S. grew 10% and 48%, respectively, compared to the first 11 months of 2007. ADV for ICE Futures Canada declined 1% through November 30, compared to the same period in 2007.

European Futures Volume and RPC

ICE Futures Europe is ICE's London-based energy futures exchange. In November, ICE Futures Europe reported monthly volume of 11,172,470 contracts, a 14% decrease from 12,924,144 contracts in November 2007. ADV was 558,624, down 5% from ADV of 587,461 the prior November.

The three-month rolling average rate per contract (RPC) for November 2008 was $1.32. RPC for the most recent three-month period includes futures clearing revenue for the month of November relating to the launch of ICE Clear Europe(TM) on November 3. RPC averaged $1.22 for each of the three-month periods ended October and September 2008. RPC is calculated by dividing transaction revenues by contract volume, and can vary based on pricing, customer and product mix.

On November 30, 2008, open interest for ICE Futures Europe was a record 2,158,966 contracts, compared to 1,641,399 contracts at December 31, 2007.

North American Futures Volume and RPC

ICE's agricultural, soft commodity, financial and index futures trade on ICE's U.S. and Canadian futures exchanges. November 2008 ADV at ICE Futures U.S. grew 52% to 310,446 contracts compared to 204,056 contracts in November 2007. Total volume increased to 6,057,677 contracts in November 2008, a 47% increase over 4,107,051 contracts in November 2007.

The three-month rolling average RPC for November 2008 was $2.24 for ICE Futures U.S. agricultural futures and options. RPC averaged $2.24 and $2.22 for the three-months ended October 2008 and September 2008, respectively. RPC for ICE Futures U.S. financial futures and options contracts averaged $0.88 for the three-months ended November 2008. RPC averaged $1.01 and $1.18 for the three-months ended October 2008 and September 2008, respectively.

On November 30, 2008, open interest for ICE Futures U.S. was 3,100,249 contracts, compared to 3,389,923 contracts at December 31, 2007.

ICE Futures Canada recorded November 2008 volume of 139,131 contracts, down 51% from November 2007. ADV was 7,323, a decrease of 45% from the prior November. Open interest for ICE Futures Canada was 103,522 on November 30, 2008, compared to 168,928 contracts on December 31, 2007.

          ICE Futures: Rolling Three-Month Average Rate per Contract
    Product Line              Three Months   Three Months    Three Months
                                Ending         Ending           Ending
                             November 2008   October 2008   September 2008
    ICE Futures Europe          $1.32           $1.22           $1.22
    ICE Futures U.S. Ag         $2.24           $2.24           $2.22
    ICE Futures U.S. Fin        $0.88           $1.01           $1.18

• On November 25, ICE announced plans to introduce more than 50 additional cleared OTC energy contracts, with the first set of 21 products launching on December 5.
• On November 24, Creditex Group Inc., a wholly-owned owned subsidiary of ICE, and Markit announced the compression of $1.036 trillion in notional value of credit default swap, or CDS, transactions since August 2008.
• On November 6, ICE Futures U.S. launched ICE Millions. The contracts are ten times the notional value of the existing suite of ICE FX futures and options contracts and cover a dozen currency cross rates.
• On November 3, ICE completed the transition of all ICE Futures Europe and ICE OTC trading positions from LCH.Clearnet to ICE Clear Europe.
• Trading days in November 2008:
  • ICE Futures Europe: 20
  • ICE Futures U.S. Agricultural: 19
  • ICE Futures U.S. Currency and Index: 20
  • ICE Futures Canada: 19
• ICE Futures Europe product records achieved in November 2008:
  • The ICE ECX CER emissions futures contract achieved a monthly volume record of 90,272 and record ADV of 4,514.
• ICE Futures U.S. product records achieved for the month:
  • The mini Russell 2000(R) Index futures set an open interest record of 512,168 in November.
  • The new ICE Millions foreign exchange futures contracts achieved record volume with 1,268 contracts, or 12,680 mini-equivalent contracts, traded on November 20.
  • A new daily volume record of 2,161 contracts was set for the mini Russell 1000(R) Index futures contract on November 19.

             ICE Futures: November 2008 Average Daily Volume by Product

                                      ADV            ADV             ADV
                                    November       November       % Change
    Product Line                     2008            2007
    ICE Brent Crude futures         267,064         244,694           9.1
    ICE WTI Crude futures           161,810         216,019         -25.1
    ICE Gas Oil futures             104,624         115,468          -9.4
    Other contracts (1)              25,126          11,280         122.7
    Total ICE Futures Europe        558,624         587,461          -4.9
    Russell 2000 mini futures &
     options                        149,239             526      28,255.3
    Sugar No. 11 futures & options   78,997          89,309         -11.5
    Other agricultural commodity
     contracts (2)                   72,243         101,782         -29.0
    Currency futures (3)              3,949           6,621         -40.4
    Index futures (4)                 5,767           4,934          16.9
    Other contracts (5)                 251             884         -71.6
    Total ICE Futures U.S.          310,446         204,056          52.1
    Total ICE Futures Canada (6)      7,323          13,427         -45.5
    TOTAL FUTURES CONTRACTS         876,393         804,944           8.9