IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported volume growth across its three futures exchanges for the month of October 2009. Average daily volume (ADV) for ICE's futures markets was 1,076,498 contracts, an increase of 1% from October 2008. Year-to-date through October 31, 2009, ADV across ICE's futures exchanges was 1,036,352 contracts, an increase of 11% compared to the first ten months of 2008. Total futures volume for the month of October was 23.7 million contracts.
October 2009 Review
- Through October 31, 2009, ICE's CDS clearing houses cleared over $3.5
trillion in notional value across 43,353 transactions.
- Since its inception in March 2009, ICE Trust has cleared $2.6 trillion of notional value, resulting in $187 billion of open interest.
- ICE Clear Europe has cleared euro 631 billion ($931 billion) of notional value since its July 2009 launch, resulting in euro 68 billion of open interest.
- On October 1, ICE announced Sir Callum McCarthy's appointment to the IntercontinentalExchange Board of Directors.
- On October 2, ICE announced that testing for its buy-side CDS clearing solution was expected to be underway at the end of October, and ICE now expects the rollout in the fourth quarter, subject to regulatory approval, and in advance of the December 15 commitment made by the industry participants to regulators.
- On October 28, ICE Trust was recognized for "Best innovation by a clearing house, Americas" and ICE Clear Europe was recognized for "Best innovation by a clearing house, Europe, Middle East and Africa" by FOW, a leading global derivatives publication.
- Trading days in October 2009:
- ICE Futures Europe: 22
- ICE Futures U.S.: 22
- ICE Futures Canada: 21
- ICE Futures Europe records achieved in October 2009:
- The exchange established a month-end open interest record of 2,920,790 contracts, an increase of 39% from December 31, 2008.
- Open interest records were also established for ICE Gasoil futures, ICE U.K. Natural Gas futures and ICE WTI options, as well as several emissions and coal futures contracts.
- Volume and ADV records were established for the ICE ECX emissions EUA and CER daily futures.
ICE Futures Contracts & Markets Monthly ADV
ADV ADV
October October ADV
Product Line 2009 2008 % Change
------------ ------- ------- ----
ICE Brent Crude futures & options 314,709 282,604 11.4
ICE WTI Crude futures & options 198,388 196,490 1.0
ICE Gasoil futures & options 154,859 125,926 23.0
ICE ECX emissions futures & options(1) 19,825 17,928 10.6
Other futures contracts(2) 16,407 7,659 114.2
TOTAL ICE FUTURES EUROPE 704,188 630,607 11.7
Russell 2000((R)) mini futures & options 157,010 221,946 -29.3
Sugar No. 11 futures & options 115,270 103,685 11.2
Other agricultural commodity contracts(3) 65,995 75,190 -12.2
Currency futures(4) 4,463 4,523 -1.3
Index futures(5) 12,800 8,401 52.4
Other contracts(6) 214 2,397 -91.1
TOTAL ICE FUTURES U.S. 355,752 416,142 -14.5
TOTAL ICE FUTURES CANADA 16,558 14,063 17.7
------------------------ --------- --------- ----
TOTAL FUTURES CONTRACTS 1,076,498 1,060,812 1.5%
(1) ICE ECX EUA and ICE ECX CER futures and options contracts are the
result of a cooperative relationship between ICE Futures Europe and
the European Climate Exchange. ICE Futures Europe shares in the
transaction fee revenue derived from these contracts.
(2) "Other futures contracts" include ICE Middle East Sour Crude futures;
ICE Heating Oil futures; ICE Unleaded Gasoline Blendstock (RBOB)
futures; ICE UK Natural Gas futures; ICE UK Electricity futures; and
ICE Coal futures.
(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.
(4) "Currency futures" include foreign exchange futures.
(5) "Index futures" include futures for the U.S. Dollar Index, Russell
2000 (full size), Russell 1000(R), Russell 1000 mini, the Continuous
Commodity Index, the Euro Index, and the NYSE Composite. The
transition of the Russell Index futures and options contracts to
exclusive trading on ICE occurred in September 2008.
(6) "Other contracts" include options on foreign exchange futures and
options on index futures, excluding Russell 2000 mini options.
ICE Futures Year-to-Date ADV
10-mos 2009 10-mos 2008 Percent Change
----------- ----------- --------------
ICE Futures Europe 646,922 601,198 7.6
ICE Futures U.S. 375,332 318,767 17.7
ICE Futures Canada 14,098 13,791 2.2
Total Futures 1,036,352 933,756 11%
ICE Futures Monthly and Year-to-Date Volume
October 2009 October 2008 Percent Change
------------ ------------ --------------
ICE Futures Europe 15,492,139 14,503,964 6.8
ICE Futures U.S. 7,826,539 9,571,269 -18.2
ICE Futures Canada 347,720 309,386 12.4
Total Futures 23,666,398 24,384,619 -2.9%
10-mos 2009 10-mos 2008 Percent Change
----------- ----------- --------------
ICE Futures Europe 137,147,375 130,460,019 5.1
ICE Futures U.S. 78,819,632 67,881,657 16.1
ICE Futures Canada 2,946,497 2,909,829 1.3
Total Futures 218,913,504 201,251,505 8.8%
ICE Futures Open Interest
October 31, 2009 December 31, 2008
---------------- -----------------
ICE Futures Europe 2,920,790 2,102,574
ICE Futures U.S. 3,383,403 3,028,877
ICE Futures Canada 90,918 97,673
Rolling Three-Month Average Rate per Contract (RPC)
Three Months Three Months Three Months
Ending Ending Ending
October September August
Product Line 2009 2009 2009
------------ ---- ---- ----
ICE Futures Europe $1.52 $1.53 $1.56
ICE Futures U.S. Ag $2.05 $2.08 $2.10
ICE Futures U.S. Fin $0.86 $0.89 $0.91
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:
