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Press release from PR Newswire

ICE Reports February Futures Volume; $28 Trillion Cleared in CDS

Friday, March 02, 2012

ICE Reports February Futures Volume; $28 Trillion Cleared in CDS08:30 EST Friday, March 02, 2012ATLANTA, March 2, 2012 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported volume across its futures exchanges in February 2012. ICE's total futures volume in February 2012 rose 1% from February 2011 to 33.4 million contracts. Average daily volume (ADV) for ICE's futures markets was 1,667,905 contracts, down 4% from the prior February and up 12% from January 2012.   (Logo:  http://photos.prnewswire.com/prnh/20090727/CL51999LOGO )February 2012 ReviewICE Futures Europe records: ICE Brent futures set a monthly ADV record of 608,849 contracts. Monthly volume and ADV records were achieved in ICE Heating Oil futures, ICE U.K. Natural Gas futures and ICE Brent options. The exchange set an open interest record of 4,814,512 contracts on February 28. During the month, open interest records were established in ICE Brent futures and options, ICE U.K. and Dutch Natural Gas futures and U.K. Natural Gas options, ICE Coal Rotterdam futures and options and Emissions futures and options contracts.ICE Futures U.S. records: ICE Cocoa futures established a monthly volume record of 586,013 contracts.ICE Futures Canada records: The exchange established monthly volume and ADV records of 603,029 and 30,151 contracts, respectively. The ICE Canola futures and options also established monthly volume and ADV records. On February 29, ICE announced details on the results of its innovative high frequency trader (HFT) messaging policy, which was implemented in 2011. ICE Futures Europe announced the February 27 launch and first trade of European Union Aviation Allowances (EUAAs) and its new status as a Recognised Auction Platform by the Financial Services Authority (FSA). ICE introduced 7 new cleared OTC contracts for natural gas liquids, North American natural gas, North American power, crude and refined petroleum products for an early March launch. In February, 93,400 metric tonnes of ICE Low Sulphur Gasoil Futures were delivered during the first physical delivery process for the new contract. Through February 24, ICE's CDS clearing houses have cleared $28 trillion in gross notional value on a cumulative basis across 816,745 transactions. ICE currently lists 337 CDS contracts for clearing. ICE Clear Credit has cleared $16.2 trillion of gross notional value since inception, including $1.4 trillion in single-name CDS, resulting in open interest of $863 billion. ICE Clear Credit offers clearing for 42 indexes and 132 corporate single-name contracts and four Latin American sovereign single-name contracts. ICE Clear Europe has cleared euro 8.6 trillion ($11.8 trillion) of gross notional value since inception, including euro 1.2 trillion ($1.6 trillion) in single-name CDS, resulting in euro 549 billion ($735 billion) of open interest. ICE Clear Europe offers clearing for 38 indexes and 121 single-name contracts.Trading days in February 2012: ICE Futures Europe: 20 ICE Futures U.S.: 20 ICE Futures Canada: 20 Chicago Climate Futures Exchange: 20ICE Futures Contracts & Markets Monthly ADVProduct LineADVFebruary2012ADVFebruary2011ADV% ChangeICE Brent Crude futures & options635,979584,0918.9ICE Gasoil futures & options275,242304,576-9.6ICE WTI Crude futures & options184,564298,371-38.1ICE ECX emissions futures & options 34,04323,44745.2Other futures contracts (1)69,90631,127124.6TOTAL ICE FUTURES EUROPE1,199,7341,241,612-3.4Index futures & options (2)135,336119,13413.6Sugar No. 11 futures & options                   160,622207,720-22.7Other agricultural commodity contracts (3)109,820115,788-5.2Currency futures and options contracts (4)31,91226,95418.4TOTAL ICE FUTURES U.S. 437,690469,596-6.8TOTAL ICE FUTURES CANADA & CCFE30,48126,85313.5TOTAL FUTURES CONTRACTS1,667,9051,738,061-4.0(1) "Other futures & options 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; ICE Unleaded Gasoline Blendstock (RBOB) futures; and Coal and Natural Gas options.(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.(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 and options" include futures and options for the U.S. Dollar Index and foreign exchange.ICE Futures Year-to-Date ADV 2-mos 20122-mos 2011Percent ChangeICE Futures Europe1,156,5081,208,243-4.3ICE Futures U.S. 396,548425,268-6.8ICE Futures Canada & CCFE24,57622,5838.8Total Futures1,577,6321,656,095-4.7ICE Futures Monthly and Year-to-Date Volume February 2012February 2011Percent ChangeICE Futures Europe23,994,67923,590,6251.7ICE Futures U.S. 8,753,8028,922,320-1.9ICE Futures Canada & CCFE609,631510,21619.5Total Futures 33,358,11233,023,1611.0 2-mos 20122-mos 2011Percent ChangeICE Futures Europe46,260,31147,121,490-1.8ICE Futures U.S. 15,861,91516,585,454-4.4ICE Futures Canada & CCFE1,007,109880,74914.3Total Futures63,129,33564,587,693-2.3ICE Futures Open Interest February 29, 2012December 31, 2011ICE Futures Europe 4,813,7023,905,986ICE Futures U.S. 2,657,8192,680,454ICE Futures Canada & CCFE201,393170,894Rolling Three-Month Average Rate per Contract (RPC) Product LineThree MonthsEnding      February 2012Three MonthsEnding January 2012Three MonthsEnding     December 2011ICE Futures Europe$1.60$1.62$1.61ICE Futures U.S. Ag$2.71$2.55$2.46ICE Futures U.S. Fin$0.86$0.90$0.87RPC 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: http://ir.theice.com/supplemental.cfm 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. www.theice.com  The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., 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 https://www.theice.com/terms.jhtmlSafe 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, 2011, as filed with the SEC on February 8, 2012.ICE-CORPSOURCE IntercontinentalExchangeFor further information: Investor Contacts: Kelly Loeffler, VP, Investor Relations & Corp. Communications, IntercontinentalExchange, Inc., +1-770-857-4726, kelly.loeffler@theice.com, or Melanie Shale, Director, Investor Relations, IntercontinentalExchange, Inc., +1-770-857-2532, melanie.shale@theice.com; Media Contacts: Lee Underwood, Director, Communications, IntercontinentalExchange, Inc., +1-770-857-0342, lee.underwood@theice.com