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ICE Reports September Futures ADV

ATLANTA, 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.

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Global Futures Exchanges

ICE 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 Revenues

  • Third 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 Guidance

  • In 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 Review

  • ICE 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: 19

ICE Futures Contracts & Markets Monthly ADV

Product Line

ADV

September

2012

ADV

September

2011

ADV

% Change

ICE Brent Crude futures & options

698,665

615,464

13.5

ICE Gasoil futures & options

288,670

293,808

-1.7

ICE WTI Crude futures & options

144,905

188,968

-23.3

ICE ECX emissions futures & options

43,092

29,194

47.6

Other futures contracts (1)

55,037

45,048

22.2

TOTAL ICE FUTURES EUROPE

1,230,369

1,172,482

4.9

Index futures & options (2)

154,339

253,355

-39.1

Sugar No. 11 futures & options

159,113

149,667

6.3

Other agricultural commodity contracts (3)

85,843

78,783

9.0

Currency futures and options contracts (4)

33,699

51,671

-34.8

TOTAL ICE FUTURES U.S.

432,994

533,476

-18.8

TOTAL ICE FUTURES CANADA & CCFE

18,218

23,777

-23.4

TOTAL FUTURES CONTRACTS

1,681,581

1,729,735

-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 ADV


3Q2012

3Q2011

Percent

Change

ICE Futures Europe

1,127,949

1,071,109

5.3

ICE Futures U.S.

364,709

476,636

-23.5

ICE Futures Canada & CCFE

15,394

17,872

-13.9

Total Futures

1,508,052

1,565,617

-3.7


9-mos 2012

9-mos 2011

Percent

Change

ICE Futures Europe

1,130,895

1,077,420

5.0

ICE Futures U.S.

412,150

445,779

-7.5

ICE Futures Canada & CCFE

20,519

19,122

7.3

Total Futures

1,563,564

1,542,321

1.4

ICE Futures Monthly, Third Quarter 2011 and Year-to-Date Volume


September 2012

September 2011

Percent

Change

ICE Futures Europe

23,377,012

24,622,118

-5.1

ICE Futures U.S.

8,226,895

11,202,996

-26.6

ICE Futures Canada & CCFE

346,144

499,307

-30.7

Total Futures

31,950,051

36,324,421

-12.0


3Q2012

3Q2011

Percent

Change

ICE Futures Europe

71,060,796

68,550,985

3.7

ICE Futures U.S.

22,976,640

30,504,676

-24.7

ICE Futures Canada & CCFE

954,457

1,126,250

-15.3

Total Futures

94,991,893

100,181,911

-5.2


9-mos 2012

9-mos 2011

Percent

Change

ICE Futures Europe

212,608,343

203,632,431

4.4

ICE Futures U.S.

77,484,165

84,252,307

-8.0

ICE Futures Canada & CCFE

3,857,617

3,595,292

7.3

Total Futures

293,950,125

291,480,030

0.8

ICE Futures Open Interest


September 30, 2012

December 31, 2011

ICE Futures Europe

6,785,840

3,905,986

ICE Futures U.S.

2,821,608

2,680,454

ICE Futures Canada & CCFE

271,928

170,894

Rolling Three-Month Average Rate per Contract (RPC)

Product Line

Three Months

Ending

September 2012

Three Months

Ending

August 2012

Three Months

Ending

July 2012

ICE Futures Europe

$1.56

$1.55

$1.57

ICE Futures U.S. Ag

$2.48

$2.55

$2.54

ICE Futures U.S. Fin

$1.00

$0.96

$0.92

ICE OTC Transaction & Clearing Revenues


3Q2012

2Q2012

1Q2012

OTC Energy ADC

$1.40 million

$1.58 million

$1.95 million

CDS Execution & Clearing

$33 million

$36 million

$40 million

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 OTC commission data can be found at:

http://ir.theice.com/supplemental.cfm

About IntercontinentalExchange

IntercontinentalExchange® (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, 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 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, 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 IntercontinentalExchange