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Press release from PR Newswire

ICE Reports September Futures ADV

Tuesday, October 02, 2012

ICE Reports September Futures ADV08:30 EDT Tuesday, October 02, 2012ATLANTA, Oct. 2, 2012 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported futures trading volume for September and the third quarter of 2012. ICE's September average daily volume (ADV) decreased 3% compared to September 2011. Third quarter 2012 ADV declined 4% year-to-year. ICE's third quarter OTC energy average daily commissions (ADC) were $1.4 million, compared to $1.5 million in the third quarter of 2011.(Logo: )Global Futures ExchangesICE operates three regulated futures exchanges: ICE Futures Europe, ICE Futures U.S. and ICE Futures Canada.September ADV across ICE's futures exchanges decreased 3% from the prior September to 1,681,581 contracts.  ICE Futures Europe ADV was 1,230,369 contracts, an increase of 5% over September 2011. ICE Futures U.S. ADV decreased 19% to 432,994 contracts. Third quarter 2012 ADV for all ICE futures contracts declined 4% from the prior third quarter to 1,508,052 contracts. ADV for the first nine months of 2012 for all ICE futures contracts increased 1% to 1,563,564 contracts. OTC Energy and Credit Transaction RevenuesThird quarter 2012 ADC for ICE's OTC energy business was $1.4 million, down 9% from the third quarter of 2011. Revenues from ICE's credit default swap (CDS) trade execution, processing and clearing business totaled $33 million, compared to $46 million in the third quarter of 2011, and included $16 million in CDS clearing revenues.Financial Updates and GuidanceIn conjunction with ICE's transition from cleared energy swaps to futures effective October 15, ICE will report October volumes on Monday, November 5th to coincide with the company's third quarter 2012 earnings release.September 2012 ReviewICE Futures Europe records: An exchange-wide open interest record of 6,785,840 contracts was established on September 28. ICE Gas Oil options, Dutch Nat Gas and Emissions ERU futures set total monthly volume and ADV contract records.  ADV records were also established in ICE Heating Oil and Coal futures and ICE Brent Crude and WTI options contracts. During September, open interest records were made in the following contracts: Brent Crude options (1,489,036 contracts), Emissions EUA futures (1,019,904), WTI options (510,024), Emissions CER futures (257,948), Emissions CER options (107,044), Emissions ERU futures (61,714), Coal Rotterdam futures (96,545) and Coal Rotterdam options (2,040).ICE Futures U.S. records: Cocoa futures set an open interest record of 207,128 on September 14.ICE Futures Canada records: The exchange established an open interest record of 303,153 contracts on September 13.ICE announced its further expansion into European gas and power markets with the agreement to acquire a majority stake in APX-ENDEX, a European derivatives and spot natural gas exchange operator. ICE Clear Europe cleared its first Liquefied Natural Gas (LNG) Cleared Swap on the Platts* Japan Korea Market (JKM). ICE announced the acquisition of WhenTech, a market leading technology, software and information provider for option market participants. Due to customer preference, ICE accelerated its transition of cleared OTC energy contracts to futures contracts to occur October 15, 2012. Through September 28, ICE's CDS clearing houses have cleared $34.2 trillion in gross notional value on a cumulative basis on 1,040,568 transactions. ICE currently lists 351 CDS contracts for clearing. ICE Clear Credit has cleared $19.9 trillion in gross notional value since inception, including $1.9 trillion in single-name CDS, resulting in open interest of $822 billion. ICE Clear Credit offers clearing for 49 indexes and 133 corporate single-names and four Latin American sovereign CDS. ICE Clear Europe has cleared ?10.6 trillion ($14.3 trillion) of gross notional value since inception, including ?1.4 trillion ($1.9 trillion) in single-name CDS, resulting in ?571 billion ($735 billion) of open interest. ICE Clear Europe offers clearing for 44 indexes and 121 single-name instruments.Trading days in September 2012: ICE Futures Europe: 19 ICE Futures U.S.: 19 ICE Futures Canada: 19ICE Futures Contracts & Markets Monthly ADVProduct LineADVSeptember2012ADVSeptember2011ADV% ChangeICE Brent Crude futures & options698,665615,46413.5ICE Gasoil futures & options288,670293,808-1.7ICE WTI Crude futures & options144,905188,968-23.3ICE ECX emissions futures & options 43,09229,19447.6Other futures contracts (1)55,03745,04822.2TOTAL ICE FUTURES EUROPE1,230,3691,172,4824.9Index futures & options (2)154,339253,355-39.1Sugar No. 11 futures & options159,113149,6676.3Other agricultural commodity contracts (3)85,84378,7839.0Currency futures and options contracts (4)33,69951,671-34.8TOTAL ICE FUTURES U.S. 432,994533,476-18.8TOTAL ICE FUTURES CANADA & CCFE 18,21823,777-23.4TOTAL FUTURES CONTRACTS1,681,5811,729,735-2.8(1) "Other futures 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, Sugar No. 16, Corn, Wheat and Soybeans.(4) "Currency futures and options" include futures and options for the U.S. Dollar Index and foreign exchange.ICE Futures Third Quarter 2012 and Year-to-Date ADV3Q20123Q2011Percent ChangeICE Futures Europe1,127,9491,071,1095.3ICE Futures U.S. 364,709476,636-23.5ICE Futures Canada & CCFE15,39417,872-13.9Total Futures 1,508,0521,565,617-3.79-mos 20129-mos 2011Percent ChangeICE Futures Europe1,130,8951,077,4205.0ICE Futures U.S. 412,150445,779-7.5ICE Futures Canada & CCFE20,51919,1227.3Total Futures1,563,5641,542,3211.4 ICE Futures Monthly, Third Quarter 2011 and Year-to-Date VolumeSeptember 2012September 2011Percent ChangeICE Futures Europe23,377,01224,622,118-5.1ICE Futures U.S. 8,226,89511,202,996-26.6ICE Futures Canada & CCFE346,144499,307-30.7Total Futures 31,950,05136,324,421-12.03Q20123Q2011Percent ChangeICE Futures Europe71,060,79668,550,9853.7ICE Futures U.S. 22,976,64030,504,676-24.7ICE Futures Canada & CCFE954,4571,126,250-15.3Total Futures 94,991,893100,181,911-5.29-mos 20129-mos 2011Percent ChangeICE Futures Europe212,608,343203,632,4314.4ICE Futures U.S. 77,484,16584,252,307-8.0ICE Futures Canada & CCFE3,857,6173,595,2927.3Total Futures293,950,125291,480,0300.8ICE Futures Open InterestSeptember 30, 2012December 31, 2011ICE Futures Europe 6,785,8403,905,986ICE Futures U.S. 2,821,6082,680,454ICE Futures Canada & CCFE271,928170,894 Rolling Three-Month Average Rate per Contract (RPC) Product LineThree Months EndingSeptember 2012Three Months EndingAugust 2012Three Months Ending      July 2012ICE Futures Europe$1.56$1.55$1.57ICE Futures U.S. Ag$2.48$2.55$2.54ICE Futures U.S. Fin$1.00$0.96$0.92 ICE OTC Transaction & Clearing Revenues 3Q20122Q20121Q2012OTC Energy ADC$1.40 million$1.58 million$1.95 millionCDS Execution & Clearing$33 million$36 million$40 millionRPC is calculated by dividing transaction revenues by contract volume, and may vary based on pricing, customer and product mix.Historical futures volume, rate per contract 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, IntercontinentalExchange & Design, ICE, ICE and block design, ICE Futures Canada, ICE Futures Europe, ICE Futures U.S., ICE Clear Europe, ICE Clear Credit, 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, 2011, as filed with the SEC on February 8, 2012 and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2012, as filed with the SEC on August 1, 2012.ICE-CORP SOURCE IntercontinentalExchangeFor further information: Investor Contacts, Kelly Loeffler, VP, Investor Relations & Corp. Communications, IntercontinentalExchange, Inc., +1-770-857-4726, or Melanie Skijus, Director, Investor Relations, IntercontinentalExchange, Inc., +1-770-857-2532,