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Press release from PR Newswire

ICE Reports July Daily Futures Volume; $1.8 Trillion in CDS Cleared by Buyside and $43 Trillion in Total CDS Cleared to Date

Friday, August 02, 2013

ICE Reports July Daily Futures Volume; $1.8 Trillion in CDS Cleared by Buyside and $43 Trillion in Total CDS Cleared to Date

08:30 EDT Friday, August 02, 2013

ATLANTA, Aug. 2, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for July 2013. ICE's average daily volume (ADV) for futures and options was 3,001,782 contracts, a decrease of 2% from the prior July. Total volume in July 2013 was 66 million contracts.

ICE Earnings Call

  • ICE will announce second quarter 2013 financial results on Tuesday, August 6, 2013 and will hold an earnings conference call at 8:30 a.m. ET that day. A live audio webcast of the earnings call will be available on the company's website at www.theice.com under About ICE/Investors & Media. Participants may also listen via telephone by dialing 877-674-6420 if calling from the United States, or 708-290-1370 if dialing from outside of the United States. Telephone participants should call 10 minutes prior to the start of the call. The call will be archived on the company's website for replay.

July 2013 Review

  • ICE transitioned the London-based derivatives market of NYSE Liffe to ICE Clear Europe on July 1. The transition involved 43 member firms with 75 million contract sides and $11.17 billion in margin.
  • ICE Clear Europe will introduce client clearing for European index and single name credit default swaps (CDS) in October.
  • Daily and monthly records were established in Coal Newcastle options.
  • Open interest records were established in Dutch TTF gas options, emissions futures and various coal options and futures contracts.

 

ICE Futures Contracts & Markets ADV

Product Line (Futures & Options)

ADV Jul 2013

ADV Jul 2012

ADV % Change

ADV YTD Jul 2013

ADV YTD Jul 2012

ADV % Change

ICE Brent

654,051

663,006

-1%

689,270

640,793

8%

ICE Gasoil

260,171

268,275

-3%

272,790

261,691

4%

ICE Other Oil (1)*

297,764

198,183

50%

261,589

207,829

26%

   ICE OIL

1,211,986

1,129,465

7%

1,223,650

1,110,313

10%

ICE Natural Gas*

957,242

1,228,528

-22%

1,265,138

1,608,387

-21%

ICE Power*

468,402

300,427

56%

528,651

336,690

57%

ICE Emissions & Other (2)

30,282

44,167

-31%

43,871

38,032

15%

   TOTAL ENERGY

2,667,911

2,702,587

-1%

3,061,309

3,093,422

-1%

ICE Sugar

111,560

133,542

-16%

144,418

143,265

1%

ICE Other Ags (3)

94,215

102,940

-8%

133,412

126,151

6%

   TOTAL AGRICULTURAL

205,775

236,482

-13%

277,830

269,416

3%

ICE Equity Index (4)

89,146

114,077

-22%

121,598

145,679

-17%

ICE FX (5)

38,950

24,416

60%

41,260

31,767

30%

   TOTAL FINANCIALS

128,095

138,493

-8%

162,858

177,445

-8%

   TOTAL FUTURES & OPTIONS

3,001,782

3,077,562

-2%

3,501,998

3,540,283

-1%

Note: 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 futures and options for the U.S. Dollar Index and foreign exchange.

*Historical energy volume has been adjusted to include new energy futures contracts.

 

ICE Futures Monthly and YTD Volume

Futures & Options Products

Jul-13

Jul-12

Percent Change

YTD Jul 2013

YTD Jul 2012

Percent Change

Energy*

58,694,046

56,754,318

3%

446,951,121

451,639,675

-1%

Agricultural

4,527,053

4,966,130

-9%

40,582,648

39,356,499

3%

Financials

2,818,099

2,908,353

-3%

23,777,309

25,907,011

-8%

TOTAL CONTRACTS

66,039,198

64,628,801

2%

511,311,078

516,903,185

-1%

*Historical energy volume has been adjusted to include new energy futures contracts.

 

Rolling Three-Month Average Rate per Contract (RPC)

 

Futures & Options

Products

Three Months

Ending

July 2013

Three Months

Ending

June 2013

Three Months

Ending

May 2013

Energy

$1.05

$1.04

$1.02

Agricultural

$2.54

$2.60

$2.56

Financials

$0.95

$0.96

$1.01

 

ICE Futures & Options Open Interest

July 31, 2013

December 31, 2012

Energy

83,797,266

70,108,837

Agricultural

2,544,918

2,502,583

Financials

504,801

463,058

 

  • Through July 26, ICE's CDS clearing houses have cleared $43 trillion in gross notional value on a cumulative basis across 1.4 million trades with open interest of $1.4 trillion. ICE Clear Credit has cleared $26 trillion in CDS resulting in open interest of $798 billion. ICE Clear Europe has cleared ?13 trillion ($17 trillion) in CDS resulting in ?484 billion ($643 billion) of open interest. Buy-side clearing of CDS totaled $322 billion in July and $1.8 trillion since the launch of client clearing at ICE Clear Credit in December of 2009. ICE lists approximately 400 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml
  • Trading days in July 2013
    • ICE Futures Europe & U.S: 22
    • ICE Futures Canada: 22

Note: 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, rate per contract and open interest data can be found at: http://ir.theice.com/supplemental.cfm

About IntercontinentalExchange

IntercontinentalExchange (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. www.theice.com  

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 https://www.theice.com/terms.jhtml

Safe 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, 2012, as filed with the SEC on February 6, 2013.

ICE-CORP

(Logo:  http://photos.prnewswire.com/prnh/20090727/CL51999LOGO )

SOURCE IntercontinentalExchange

For further information: Investor & Media Contact - Kelly Loeffler, VP, Investor Relations & Corp. Communications, IntercontinentalExchange, Inc., 770-857-4726, kelly.loeffler@theice.com

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