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IntercontinentalExchange Reports 17% Rise In OTC Commissions And 5% Increase In ICE Futures ADV For August 2008

Date 03/09/2008

IntercontinentalExchange (NYSE: ICE), a leading operator of global futures exchanges and over-the-counter (OTC) markets, today reported futures volume and OTC average daily commissions for the month of August 2008.

  • August 2008 average daily volume (ADV) for all ICE Futures contracts increased 5% to 753,998 contracts.
  • ADV at ICE Futures Europe(TM) was 536,054 contracts, up 3% over August 2007.
  • ADV at ICE Futures U.S.(TM) increased 12% to 208,632 contracts over August 2007.
  • ADV at ICE Futures Canada(TM) was 9,312 contracts, flat versus the prior August.
  • Average daily commissions for ICE's global OTC energy business rose 17% compared to August 2007 to $1.0 million, exceeding $1 million for the eighth consecutive month.

European Futures Volume and RPC

For August, ICE Futures Europe reported ADV of 536,054 contracts, up 3% over ADV of 521,339 in August 2007. Total volume for the month was 11,257,133 contracts, compared to 11,990,805 contracts in August 2007.

The three-month rolling average rate per contract (RPC) for the period ended August 2008 was $1.22. RPC averaged $1.21 for the three-month periods ended July 2008 and June 2008. RPC is calculated by dividing transaction revenues by contract volume, and can vary based on pricing, customer and product mix.

On August 31, 2008, open interest for ICE Futures Europe was 1,952,776 contracts, compared to 1,641,399 contracts at December 31, 2007.

North American Futures Volume and RPC

In August 2008, ADV at ICE Futures U.S. rose 12% to 208,632 contracts, compared to 186,284 contracts in August 2007. Total futures and options volume at ICE Futures U.S. increased 2% to 4,381,270 contracts, compared to 4,284,552 contracts in August 2007.

The three-month rolling average RPC for the three months ended August 2008 was $2.23 for agricultural futures and options. RPC averaged $2.22 and $2.21 for the three-month periods ended July 2008 and June 2008, respectively.

On August 31, 2008, open interest for ICE Futures U.S. was 3,317,984 contracts, compared to 3,389,923 contracts at December 31, 2007.

ICE Futures Canada recorded August 2008 ADV of 9,312 contracts, which was flat versus the prior August. Total contract volume for the month was 186,238 contracts, a decline of 9% from August 2007.

On August 31, 2008, open interest for ICE Futures Canada was 99,019 contracts, compared to 168,928 contracts on December 31, 2007.

Global OTC Markets

In August 2008, ICE's average daily commissions were $1,026,232, an increase of 17% compared to $875,032 in August 2007. Average daily commissions reflect daily trading activity in ICE's global OTC energy markets.

Additional August 2008 Information:

  • On August 29, ICE completed its acquisition of Creditex Group, Inc. ICE will hold a conference call at 9:00 a.m. ET on September 12, 2008, to review financial and guidance impacts of the transaction.

  • On August 28, ICE announced the extension of its Exchange Member Fee Program for the Russell Index futures and options contracts that will trade exclusively on ICE beginning September 19, 2008.

  • Trading days in August 2008:
    • ICE Futures Europe: 21
    • ICE Futures U.S. Agricultural: 21
    • ICE Futures U.S. Currency and Index: 21
    • ICE Futures Canada: 20
    • ICE OTC: 21

  • ICE Futures Europe product records achieved for the month of August:
    • Richards Bay Coal futures: total and ADV records at 4,420 and 210 contracts respectively
    • Rotterdam Coal futures: total and ADV records of 8,485 and 404 contracts respectively

  • ICE Futures U.S. product records achieved for the month of August:
    • Options on the Russell 2000(R) mini futures: total and ADV records at 15,958 contracts and 760 contracts, respectively.

ICE Futures: August 2008 Average Daily Volume by Product

                                        		ADV           ADV             ADV
                                       		August        August        % Change
            Product Line                	2008          2007

    ICE Brent Crude futures           	240,953        216,556          11.3
    ICE WTI Crude futures             	175,965        192,392          -8.5
    ICE Gas Oil futures               	103,059         99,038            4.1
    Other contracts (1)                	16,077         13,353            20.4
    Total ICE Futures Europe          	536,054        521,339           2.8
    Sugar No. 11 futures & options    	106,151         75,394          40.8
    Other agricultural commodity
     contracts (2)                    	 81,299         97,671         -16.8
    Currency futures (3)                	   5,879          7,357          -20.1
    Index futures (4)                  	 13,989          5,199         169.0
    Other contracts (5)                 	   1,314            663            98.2
    Total ICE Futures U.S.            	208,632        186,284        12.0
    Total ICE Futures Canada (6)        	   9,312          9,335          -0.2
    TOTAL FUTURES CONTRACTS (7)     753,998        716,958         5.2


(1) "Other contracts" include ICE Middle East Sour Crude futures; ICE Heating Oil futures; ICE Unleaded Gasoline Blendstock (RBOB) futures; ICE UK Natural Gas futures; ICE-ECX CFI futures; ICE-ECX CFI CER futures; ICE UK Electricity futures; ICE Coal futures; ICE Brent options; ICE WTI options, ICE Gas Oil options; ICE-ECX CFI options and ICE-ECX CFI CER options. The ICE-ECX CFI futures and options contracts and the ICE-ECX CFI CER futures and options contracts are the result of a cooperative relationship between ICE Futures Europe and the Chicago Climate Exchange, Inc. and its subsidiary, the European Climate Exchange. ICE Futures Europe shares in the revenue derived from the ECX CFI and ECX CER futures and options contracts.

(2) "Other agricultural commodity contracts" include futures and/or options for Cocoa, Coffee "C", Cotton No. 2, Orange Juice, and Sugar No. 14.

(3) "Currency futures" include futures for foreign exchange products.

(4) "Index futures" include futures for the US Dollar Index, Russell 2000, Russell 2000 mini, Russell 1000, Russell 1000 mini, the Continuous Commodity Index, the Euro Index, and the NYSE Composite.

(5) "Other contracts" include options on foreign exchange futures and options on index futures.

(6) "ICE Futures Canada" includes futures and options for Canola, Feed Wheat and Western Barley.

(7) ICE Futures Canada was acquired by ICE on August 27, 2007.



          ICE Futures: Rolling Three-Month Average Rate per Contract

                           Three Months     Three Months      Three Months
        Product Line          Ending           Ending            Ending
                           August 2008       July 2008         June 2008

    ICE Futures Europe        $1.22           $1.21              $1.21
    ICE Futures U.S.             $2.23           $2.22              $2.21



Monthly RPC and OTC commissions are estimated using best available current information. Final figures are reported in ICE's quarterly and annual filings with the Securities and Exchange Commission.

Historical futures volume and OTC commission data can be found at: http://ir.theice.com/supplemental.cfm