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Press release from PR Newswire

ICE Reports Record Futures Volume in 2012 on 10% ADV Growth

Thursday, January 03, 2013

ICE Reports Record Futures Volume in 2012 on 10% ADV Growth08:30 EST Thursday, January 03, 2013ATLANTA, Jan. 3, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for December 2012, the fourth quarter of 2012 and the full year 2012. ICE's December 2012 and fourth quarter of 2012 average daily volume (ADV) increased 1% and declined 1% compared to December 2011 and the fourth quarter of 2011, respectively. Total contract volume in 2012 reached 847 million contracts, up 10% from 2011. All prior period contract volumes have been adjusted to include the converted futures contracts, which previously traded as swaps in ICE's OTC markets. Credit Transaction RevenuesFourth quarter revenues from ICE's credit default swap (CDS) trade execution, processing and clearing business totaled $36 million, compared to $41 million in the prior fourth quarter, and included $19 million in CDS clearing revenues. For 2012, total CDS revenues were $144 million compared to $167 million in 2011.December 2012 ReviewOn December 20, ICE announced a definitive agreement to acquire NYSE Euronext in a stock and cash transaction to create a premier global exchange. ICE and London-based LIFFE announced a clearing services agreement in which ICE Clear Europe will provide clearing services to NYSE Liffe. For the third consecutive year, ICE has been recognized as the "Best Exchange ? EU Emissions Trading Scheme" by the Environmental Finance and Carbon Finance Magazine. The 2013 calendar for EU emissions auctions on ICE Futures Europe was announced. ICE's fourth quarter and full year earnings results will be released on February 6, 2013.                 ICE Futures Contracts & Markets ADVProduct Line (Futures & Options)ADVDec2012ADVDec2011ADV% ChangeADVFull Year2012ADVFull Year2011ADV% ChangeICE Brent458,839382,26820.0620,373532,73116.5ICE Gasoil166,763190,253-12.3254,691262,705-3.1ICE Other Oil (1)*174,037145,18919.9204,965245,993-16.7   ICE OIL 799,639717,71011.41,080,0291,041,4293.7ICE Natural Gas*1,030,2411,324,889-22.21,448,8781,294,96411.9ICE Power*496,306269,55084.1379,002248,13852.7ICE Emissions & Other (2)49,12734,94640.641,87634,71820.6   TOTAL ENERGY2,375,3132,347,0951.22,949,7862,619,25012.6ICE Sugar 86,71572,02920.4128,238124,8202.7ICE Other Ags (3)88,70275,97716.7119,355107,46311.1   TOTAL AGRICULTURAL 175,417148,00618.5247,593232,2836.6ICE Equity Index (4)136,616173,092-21.1133,564176,267-24.2ICE FX (5)33,14632,3132.629,44336,288-18.9   TOTAL FINANCIALS169,762205,405-17.4163,007212,555-23.3   TOTAL FUTURES & OPTIONS2,720,4922,700,5060.73,360,3863,064,0889.7Note: Figures may not foot due to rounding.(1) "ICE Other Oil" includes futurized oil contracts, WTI, Heating Oil, RBOB Gasoline and Middle East Sour Crude. Excludes Daily Brent Bullet contracts.(2) "ICE Emissions & Other" includes all emissions contracts, freight, coal and iron ore and uranium.(3) "ICE Other Ags" includes Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Corn, Wheat, Soybeans, Barley and Canola.(4) "ICE Equity Index" includes the Russell 2000®, Russell 1000®, and the Continuous Commodity Index. (5) "ICE FX" includes the U.S. Dollar Index and foreign exchange.*Historical volume has been adjusted to include transitioned energy futures contracts. ICE Futures Fourth Quarter ADV and Total Volume Futures & Options Products ADV4Q12 ADV4Q11 Percent Change Volume4Q12 Volume4Q11 Percent ChangeEnergy*2,774,9182,754,4680.7177,594,762173,531,5122.3Agricultural203,933179,91913.313,012,88011,294,55115.2Financials142,155205,888-31.09,097,91912,970,916-29.9TOTAL CONTRACTS3,121,0063,140,275-0.6199,705,561197,796,9791.0*Historical energy volume has been adjusted to include transitioned energy futures contracts. ICE Futures Monthly and YTD VolumeFutures & Options Products December2012 December2011 Percent Change Full Year2012 Full Year2011 Percent ChangeEnergy*47,506,25749,288,994-3.6743,345,947660,051,03612.6Agricultural3,487,2873,087,46312.962,353,08558,478,0086.6Financials3,395,2444,313,499-21.341,077,83853,563,960-23.3TOTAL CONTRACTS54,388,78856,689,956-4.1846,776,870772,093,0049.7*Historical energy volume has been adjusted to include transitioned energy futures contracts.Rolling Three-Month Average Rate per Contract (RPC) Futures & Options Products Three Months Ending December 2012Three Months Ending November 2012Three Months Ending October 2012Energy*$1.07$1.08$1.08Agricultural*$2.47$2.43$2.40Financials$1.00$1.01$1.01*Historical energy RPC has been adjusted to include transitioned energy futures contracts and agricultural RPC has been adjusted to include Canadian contracts. ICE Futures & Options Open InterestDecember 31, 2012December 31, 2011Energy*70,108,83753,518,772Agricultural2,502,5832,292,279Financials463,058531,162  *Historical energy open interest has been updated to include new energy futures contracts.Through December 31, ICE's CDS clearing houses have cleared $36 trillion in gross notional value on a cumulative basis across 1.1 million trades. ICE Clear Credit has cleared $2.1 trillion in single-name CDS resulting in open interest of $842 billion. ICE Clear Europe has cleared ?1.6 trillion ($2.1 trillion) in single-name CDS resulting in ?568 billion ($750 billion) of open interest. ICE lists 381 CDS instruments for clearing. A complete summary of CDS clearing can be found at: days in December 2012 ICE Futures Europe & U.S: 20 ICE Futures Canada: 19Note: As of October 15, 2012, ICE transitioned all of the open interest in OTC cleared energy swaps contracts to futures contracts. All futures volumes in the tables above have been adjusted to treat, on a pro forma basis, the OTC cleared energy swaps contracts as futures contracts for all periods prior to October 2012.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: About IntercontinentalExchangeIntercontinentalExchange (NYSE: ICE) is a leading operator of regulated exchanges and clearing houses serving the risk management needs of global markets for agricultural, credit, currency, emissions, energy and equity index products. 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 Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Futures U.S., and ICE OTC. 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 ICE's Quarterly Reports on Form 10-Q for the quarter ended June 30, 2012, as filed with the SEC on August 1, 2012, and the quarter ended September 30, 2012, as filed with the SEC on November 5, 2012.  ICE-CORP(Logo: ) SOURCE IntercontinentalExchangeFor further information: 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 ,