The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

ICE Reports 14% Increase in Daily Futures Volume for November

Friday, December 02, 2011

ICE Reports 14% Increase in Daily Futures Volume for November08:30 EST Friday, December 02, 2011ATLANTA, Dec. 2, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported solid growth in futures volume for November 2011. Average daily volume (ADV) for ICE's futures markets was 1,563,621 contracts, an increase of 14% from November 2010. Year-to-date through November 30, ADV across ICE's futures exchanges was 1,550,398 contracts, an increase of 17% compared to the first 11 months of 2010.  Total futures volume in November 2011 was 32.8 million contracts. (Logo: )Operating and Financial Guidance Update As previously disclosed, ICE expects one-time expenses associated with the new credit facilities and note purchase agreement to be in the range of $2.0 million to $3.0 million for the fourth quarter of 2011.  ICE also updated its quarterly interest expense guidance in the range of $8.0 million to $10.0 million, beginning in the fourth quarter of 2011 through the fourth quarter of 2012.November 2011 ReviewICE Futures Europe records: ICE ECX CER futures and WTI options established average daily volume records of 7,580 contracts and 5,348 contracts, respectively. The exchange set an open interest record of 4,794,807 contracts on November 10.  During the month, open interest records were established in a number of emissions futures, ICE Coal Rotterdam futures and ICE Brent and WTI options contracts.ICE Futures U.S. records: ICE Cocoa futures and options set open interest records of 199,561 contracts and 139,819 contracts, respectively on Nov 1.ICE Futures Europe announced that ICE Brent NX (New Expiry) Crude Futures and Options contracts will begin trading December 5. ICE also announced 33 new cleared OTC contracts for global refined petroleum products and North American power will begin trading December 5. ICE's credit default swap (CDS) clearing houses surpassed $25 trillion in cumulative gross notional value cleared during the week ending November 11. ICE submitted its application to the CFTC to register its ICE Trade Vault service as a swap data repository for commodities. Through November 28, ICE's CDS clearing houses have cleared $25.7 trillion in gross notional value on a cumulative basis across 739,554 transactions. ICE currently lists 338 CDS contracts for clearing. ICE Clear Credit reached $14.9 trillion in gross notional value cleared since inception, including $1.3 trillion in single-name CDS, resulting in open interest of $820 billion. ICE Clear Credit offers clearing for 43 indices, 132 corporate single-name contracts and four Latin American sovereign single-name contracts. ICE Clear Europe has cleared euro 7.9 trillion ($10.8 trillion) of gross notional value since inception, including euro 1.1 trillion ($1.5 trillion) in single-name CDS, resulting in euro 576 billion ($767 billion) of open interest. ICE Clear Europe offers clearing for 38 indexes and 121 corporate single-name contracts.Trading days for November 2011: ICE Futures Europe: 21 ICE Futures U.S.: 21 ICE Futures Canada: 21 Chicago Climate Futures Exchange: 21 ICE Futures Contracts & Markets Monthly ADVProduct LineADVNovember2011ADVNovember2010ADV% ChangeICE Brent Crude futures & options607,282409,35248.4ICE Gasoil futures & options283,577233,63521.4ICE WTI Crude futures & options193,603203,216-4.7ICE ECX emissions futures & options 40,49925,99555.8Other futures contracts (1)46,36823,27299.2TOTAL ICE FUTURES EUROPE1,171,329895,47030.8Index futures & options (2)160,601129,54024.0Sugar No. 11 futures & options                   83,594176,856-52.7Other agricultural commodity contracts (3)99,982115,423-13.4Currency futures and options contracts (4)30,47832,332-5.7TOTAL ICE FUTURES U.S. 374,655454,151-17.5TOTAL ICE FUTURES CANADA & CCFE17,63717,0483.5TOTAL FUTURES CONTRACTS1,563,6211,366,66914.4(1) "Other futures contracts" include ICE UK Natural Gas futures; ICE Coal futures; ICE Dutch TTF and German NaturalGas futures; ICE UK Electricity futures; ICE Heating Oil futures; and ICE Unleaded Gasoline Blendstock (RBOB) futures(2) "Index futures & options" includes Russell 2000® mini futures and options and futures for the Russell 1000® mini, theContinuous Commodity Index, the Euro Index and the NYSE Composite.(3) "Other agricultural commodity contracts" include futures and/or options for Cocoa, Coffee "C", Cotton No. 2, OrangeJuice, Sugar No. 14 and Sugar No. 16.(4) "Currency futures and options" include futures and options for the U.S. Dollar Index and foreign exchange.  ICE Futures Year-to-Date ADV 11-mos 201111-mos 2010Percent ChangeICE Futures Europe1,096,889872,23225.8ICE Futures U.S. 434,198434,688-0.1ICE Futures Canada & CCFE*19,31117,23612.0Total Futures1,550,3981,324,15617.1        ICE Futures Monthly and Year-to-Date Volume November 2011November 2010Percent ChangeICE Futures Europe24,597,91018,804,87430.8ICE Futures U.S. 7,867,7639,537,162-17.5ICE Futures Canada & CCFE370,376358,0203.5Total Futures 32,836,04928,700,05614.4 11-mos 201111-mos 2010Percent ChangeICE Futures Europe253,381,328200,613,37426.3ICE Futures U.S. 100,299,71499,978,3200.3ICE Futures Canada & CCFE*4,422,8923,947,74112.0Total Futures358,103,934304,539,43517.6*ICE acquired CCFE on July 8, 2010. Prior-year amounts do not include CCFE volume prior to that date.  ICE Futures Open Interest  November 30, 2011December 31, 2010 ICE Futures Europe 4,538,2193,329,205 ICE Futures U.S. 2,615,2153,325,618 ICE Futures Canada & CCFE220,848283,246         Rolling Three-Month Average Rate per Contract (RPC) Product LineThree MonthsEndingNovember 2011Three MonthsEndingOctober 2011Three MonthsEndingSeptember 2011ICE Futures Europe$1.58$1.55$1.57ICE Futures U.S. Ag$2.43$2.39$2.38ICE Futures U.S. Fin$0.86$0.81$0.82RPC 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: About IntercontinentalExchangeIntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries.  The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., ICE Clear Credit, ICE Clear Europe, U.S. Dollar Index, European Climate Exchange (ECX) and Chicago Climate Futures Exchange (CCFE). All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2010, as filed with the SEC on February 9, 2011 and ICE's Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, as filed with the SEC on August 3, 2011. ICE-CORP SOURCE IntercontinentalExchangeFor further information: CONTACT: Investor Contacts: Kelly Loeffler, VP, Investor Relations & Corp. Communications, IntercontinentalExchange, Inc., +1-770-857-4726,, or Melanie Shale, Director of Investor & Public Relations, IntercontinentalExchange, Inc., +1-770-857-2532, or Media Contacts: Lee Underwood, Director, Communications, IntercontinentalExchange, Inc., +1-770-857-0342,