IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported strong futures volume growth in May 2010. Average daily volume (ADV) for ICE’s futures markets grew 44% from May 2009 to a record 1,441,567 contracts in May 2010. ICE Futures Europe established its fourth monthly ADV record in 2010 with 983,100 contracts traded, up 59% from May 2009.
Year-to-date through May 31, 2010, ADV across ICE’s futures exchanges was 1,340,093 contracts, an increase of 34% compared to the same period of 2009. Total futures volume in May 2010 was 28.8 million contracts.
May 2010 Review
* ICE Futures Europe records achieved in May:
o The exchange set an ADV record of 983,100 contracts.
o The ICE Brent crude futures contract established an ADV record of 453,124 contracts.
o Volume and open interest records were established in emissions, coal and UK Natural Gas futures contracts.
* ICE Futures U.S. records achieved in May:
o Russell 2000(R) Index mini futures established a monthly ADV record of 221,573 contracts, and Russell 2000 Index options on futures set a monthly volume record of 30,915 and a daily volume record of 4,896 contracts on May 20.
o The ICE U.S. Dollar Index (USDX) established monthly volume and ADV records of 713,384 and 35,669 contracts, respectively.
* Through May 28, ICE’s CDS clearing houses have cleared $9 trillion in gross notional value on a cumulative basis on more than 195,000 transactions. ICE currently lists 233 CDS contracts for clearing.
o ICE Trust U.S. (ICE Trust) has cleared $5.7 trillion of gross notional value since inception, including $213 billion in single-name CDS, resulting in open interest of $405 billion. ICE Trust offers clearing for 35 indexes and 71 single-name instruments. ICE Trust has also cleared $1.2 billion of non-clearing house member, or buy-side, transactions since launch on December 14.
o ICE Clear Europe has cleared euro 2.4 trillion ($3.3 trillion) of gross notional value since inception, including euro 330 billion in single-name CDS, resulting in euro 343 billion ($422 billion) of open interest. ICE Clear Europe offers clearing for 26 indexes and 101 single-name instruments.
* Trading days in May 2010:
o ICE Futures Europe: 20
o ICE Futures U.S.: 20
o ICE Futures Canada: 20
ICE Futures Contracts & Markets Monthly ADV
Product Line ADV ADV ADV
May May % Change
2010 2009
ICE Brent Crude futures & options 453,358 272,127 66.6
ICE Gasoil futures & options 200,094 143,707 39.2
ICE WTI Crude futures & options 266,090 168,878 57.6
ICE ECX emissions futures & options
(1) 34,577 21,562 60.4
Other futures contracts (2) 28,981 13,838 109.4
TOTAL ICE FUTURES EUROPE 983,100 620,112 58.5
Russell 2000(R) mini futures &
options 223,119 148,267 50.5
Sugar No. 11 futures & options 112,245 148,767 -24.5
Other agricultural commodity
contracts (3) 69,793 62,810 11.1
Currency futures (4) 39,560 8,814 348.8
Index futures (5) 1,713 638 168.5
Other contracts (6) 112 275 -59.3
TOTAL ICE FUTURES U.S. 446,542 369,571 20.8
TOTAL ICE FUTURES CANADA 11,925 14,552 -18.1
———————— —— —— —–
TOTAL FUTURES CONTRACTS 1,441,567 1,004,235 43.5%
———————– ——— ——— —-
(1) ICE ECX EUA and ICE ECX CER futures and options contracts are the result of a cooperative relationship between ICE Futures Europe and the European Climate Exchange. ICE Futures Europe shares in the transaction fee revenue derived from these contracts.
(2) "Other futures contracts" include ICE Middle East Sour Crude futures; ICE ASCI Gulf Coast Sour Crude futures; ICE Heating Oil futures; ICE Unleaded Gasoline Blendstock (RBOB) futures; ICE UK Natural Gas futures; ICE UK Electricity futures; ICE Coal futures; and ICE Dutch TTF Gas futures.
(3) "Other agricultural commodity contracts" include futures and/or options for Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Sugar No. 14 and Sugar No. 16.
(4) "Currency futures" include futures for the U.S. Dollar Index and foreign exchange futures.
(5) "Index futures" include futures for the Russell 1000(R) mini, the Continuous Commodity Index, the Euro Index, and the NYSE Composite.
(6) "Other contracts" include options on foreign exchange futures and options on index futures, excluding Russell 2000 mini options.
ICE Futures Year-to-Date ADV
5-mos 2010 5-mos 2009 Percent Change
———- ———- ————–
ICE Futures Europe 893,147 620,789 43.9
—————— ——- ——- —-
ICE Futures U.S. 431,926 364,369 18.5
—————- ——- ——- —-
ICE Futures Canada 15,020 15,469 -2.9
—————— —— —— —-
Total Futures 1,340,093 1,000,627 33.9%
————- ——— ——— —-
ICE Futures Monthly and Year-to-Date Volume
Percent
May 2010 May 2009 Change
ICE Futures Europe 19,661,992 12,402,248 58.5
ICE Futures U.S. 8,930,835 7,391,418 20.8
ICE Futures Canada 238,500 291,030 -18.0
Total Futures 28,831,327 20,084,696 43.5%
Percent
5-mos 2010 5-mos 2009 Change
ICE Futures Europe 91,100,997 64,555,718 41.1
ICE Futures U.S. 44,056,412 37,165,603 18.5
ICE Futures Canada 1,547,055 1,593,351 -2.9
—————— ——— ——— —-
Total Futures 136,704,464 103,314,672 32.3%
————- ———– ———– —-
ICE Futures Open Interest
May 31,
2010 December 31, 2009
ICE Futures Europe 3,170,339 2,647,694
ICE Futures U.S. 2,993,577 3,375,176
—————- ——— ———
ICE Futures Canada 153,396 118,181
—————— ——- ——-
Rolling Three-Month Average Rate per Contract (RPC)
Three Months Three Months Three Months
Product Line Ending Ending Ending
May 2010 April 2010 March 2010
ICE Futures
Europe $1.51 $1.51 $1.53
ICE Futures U.S.
Ag $2.13 $2.17 $2.13
—————- —– —– —–
ICE Futures U.S.
Fin $0.77 $0.84 $0.92
—————- —– —– —–
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
