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Press release from PR Newswire

ICE Reports September Futures Volume

Wednesday, October 02, 2013

ICE Reports September Futures Volume

08:30 EDT Wednesday, October 02, 2013

ATLANTA, Oct. 2, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for September and the third quarter of 2013. ICE's September average daily volume (ADV) was 3.22 million contracts, a decrease of 3% compared to September 2012. Total volume for the month increased 2% compared to the prior September. Third quarter 2013 ADV was 3.06 million contracts compared to 3.09 million contracts in the third quarter of 2012. All prior period contract volumes have been adjusted to include the transitioned futures contracts, which previously traded in ICE's OTC markets.

 

ICE Futures Contracts & Markets ADV

Product Line (Futures & Options)

ADV Sep 2013

ADV Sep 2012

ADV % Change

ADV YTD Sep 2013

ADV YTD Sep 2012

ADV % Change

ICE Brent

715,221

698,660

2%

688,970

640,200

8%

ICE Gasoil

279,173

289,286

-3%

269,063

260,826

3%

ICE Other Oil (1)*

249,768

222,642

12%

259,057

206,800

25%

   ICE OIL

1,244,162

1,210,588

3%

1,217,091

1,107,826

10%

ICE Natural Gas*

988,093

1,322,987

-25%

1,200,545

1,533,324

-22%

ICE Power*

464,233

307,372

51%

515,208

329,817

56%

ICE Emissions & Other (2)

43,217

46,786

-8%

41,128

38,349

7%

   TOTAL ENERGY

2,739,705

2,887,734

-5%

2,973,971

3,009,315

-1%

ICE Sugar

217,145

159,381

36%

148,672

140,933

5%

ICE Other Ags (3)

92,085

103,793

-11%

127,955

121,515

5%

   TOTAL AGRICULTURAL

309,230

263,174

18%

276,627

262,448

5%

ICE Equity Index (4)

138,129

154,339

-11%

119,743

139,428

-14%

ICE FX (5)

36,863

33,700

9%

39,956

30,678

30%

   TOTAL FINANCIALS

174,992

188,039

-7%

159,699

170,106

-6%

   TOTAL FUTURES & OPTIONS

3,223,927

3,338,946

-3%

3,410,297

3,441,869

-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 credit index futures contracts.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

Sep-13

Sep-12

Percent Change

YTD Sep 2013

YTD Sep 2012

Percent Change

Energy*

54,794,095

54,866,944

-

559,106,639

565,751,185

-1%

Agricultural

6,184,600

5,000,307

24%

52,005,819

49,340,205

5%

Financials

3,499,842

3,572,732

-2%

30,023,322

31,979,919

-6%

TOTAL CONTRACTS

64,478,537

63,439,983

2%

641,135,780

647,071,309

-1%

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

 

ICE Futures Third Quarter 2013 ADV and Volume

Futures & Options Products

3Q13 ADV

3Q12 ADV

Percent Change

3Q13 Volume

3Q12 Volume

Percent Change

Energy*

2,669,524

2,712,156

-2%

170,849,564

170,865,828

-

Agricultural

249,528

237,543

5%

15,950,224

14,949,836

7%

Financials

141,627

142,560

-1%

9,064,112

8,981,261

1%

TOTAL CONTRACTS

3,060,679

3,092,259

-1%

195,863,900

194,796,925

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

September 2013

Three Months

Ending

August 2013

Three Months

Ending

July 2013

Energy

$1.06

$1.05

$1.05

Agricultural

$2.49

$2.54

$2.54

Financials

$1.01

$0.95

$0.95

 

ICE Futures & Options Open Interest

September 30, 2013

December 31, 2012

Energy*

83,032,671

70,108,837

Agricultural

2,628,832

2,502,583

Financials

472,904

463,058

*Energy OI excluding power contracts at the end of September 2013 and December 2012 were 36,541,646 and 36,105,090, respectively.

 

Credit Derivatives Transaction and Clearing

  • Third quarter revenues from ICE's credit default swap (CDS) trade execution, processing and clearing business totaled $38 million, compared to $33 million in the prior third quarter, and included $22 million in CDS clearing revenues.
  • Through September 27, ICE has cleared $45 trillion in gross notional value on a cumulative basis across 1.4 million trades with open interest of $1.5 trillion. Buy-side clearing of CDS totaled $2.6 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

September 2013 Review

  • ICE Swap Trade, ICE's swap execution facility (SEF), was granted temporary registration by the CFTC for the OTC energy and CDS markets.
  • ICE set November 5 as the date for its third quarter 2013 earnings announcement.
  • A daily record of $83 billion in CDS client clearing was set on September 20.  ICE Clear Credit established back-to-back records in client clearing of $189 billion and $205 billion, respectively, in the last two weeks of September.
  • Monthly volume records were established in Newcastle Coal futures total volume and ADV, Richard Bay Coal options total volume and ADV, Heating Oil futures ADV, Russell 1000 Value Index futures total volume and Rotterdam Coal options ADV.
  • Open interest records were established in Rotterdam Coal futures and options, Newcastle Coal futures, Emissions EUA futures, Russell 1000 Value Index futures and Dutch TTF Gas options.
  • Trading days in September 2013
    • ICE Futures Europe & U.S: 20
    • ICE Futures Canada: 20

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, Vice President, Corporate Affairs, IntercontinentalExchange, Inc., 770-857-4726, kelly.loeffler@theice.com

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