ICE Reports May Daily Futures Volume; $915 Billion in CDS Cleared by Buyside, $41 Trillion in Total CDS Cleared to Date

ICE Reports May Daily Futures Volume; $915 Billion in CDS Cleared by Buyside, $41 Trillion in Total CDS Cleared to Date

PR Newswire

ATLANTA, June 4, 2013 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for May 2013. ICE’s average daily volume (ADV) for futures and options was 3,317,512 contracts, a decrease of 5% from the prior May. Total volume in May 2013 was 73 million contracts.

May 2013 Review

  • ICE stockholders approved the agreement to acquire NYSE Euronext on June 3, with approximately 99.7% of the shares present at the special meeting voted for the approval of the combination, representing 85.1% of ICE’s outstanding common shares.
  • Following successful testing with clearing members, NYSE Liffe and ICE Clear Europe announced plans for ICE Clear Europe to begin clearing the London-based derivatives market of NYSE Liffe on Monday, July 1, 2013, subject to regulatory approvals.
  • ICE held its 2013 Annual Meeting of Stockholders on May 17. All 11 director nominees received a majority of votes cast and all of the ICE proposals were approved.
  • ICE Clear Europe was named 2013 Clearing House of the Year by Energy Risk magazine.
  • A daily volume record was established in coal options.
  • Monthly volume records were established in heating oil and RBOB gasoline futures.
  • Open interest records were established in cocoa futures, gasoil options, Brent Crude futures, WTI options and several coal contracts.

ICE Futures Contracts & Markets ADV

Product Line (Futures & Options)

ADV

May

2013

ADV

May

2012

ADV

% Change

ADV

May YTD

2013

ADV

May YTD

2012

ADV

% Change

ICE Brent

669,727

664,601

1%

712,008

613,324

16%

ICE Gasoil

265,532

254,361

4%

272,369

261,897

4%

ICE Other Oil (1)*

243,680

207,092

18%

254,636

209,615

21%

ICE OIL

1,178,939

1,126,054

5%

1,239,013

1,084,836

14%

ICE Natural Gas*

1,240,614

1,552,231

-20%

1,363,333

1,709,797

-20%

ICE Power*

497,197

362,925

37%

540,050

352,909

53%

ICE Emissions & Other (2)

30,133

33,313

-10%

45,632

37,187

23%

TOTAL ENERGY

2,946,882

3,074,522

-4%

3,188,027

3,184,730

0%

ICE Sugar

106,400

114,151

-7%

137,031

136,943

0%

ICE Other Ags (3)

116,596

116,036

0%

137,097

125,645

9%

TOTAL AGRICULTURAL

222,996

230,187

-3%

274,128

262,588

4%

ICE Equity Index (4)

104,355

141,419

-26%

114,499

143,039

-20%

ICE FX (5)

43,279

34,672

25%

38,161

30,788

24%

TOTAL FINANCIALS

147,634

176,091

-16%

152,660

173,827

-12%

TOTAL FUTURES & OPTIONS

3,317,512

3,480,800

-5%

3,614,815

3,621,145

0%

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

May

2013

May

2012

Volume

%

Change

YTD May

2013

YTD May

2012

Volume

%

Change

Energy*

64,831,414

67,639,493

-4%

331,554,857

331,211,953

0%

Agricultural

4,905,918

5,064,111

-3%

28,530,199

27,332,638

4%

Financials

3,247,939

3,873,993

-16%

15,876,646

18,077,970

-12%

TOTAL CONTRACTS

72,985,271

76,577,597

-5%

375,961,702

376,622,561

0%

*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
May 2013

Three Months
Ending
Apr 2013

Three Months
Ending
Mar 2013

Energy

$1.02

$1.04

$1.05

Agricultural

$2.56

$2.61

$2.59

Financials

$1.01

$1.00

$1.02

ICE Futures & Options Open Interest

May 31, 2013

December 31, 2012

Energy

83,170,514

70,108,837

Agricultural

2,795,231

2,502,583

Financials

533,930

463,058

  • Through May 31, ICE’s CDS clearing houses have cleared $41 trillion in gross notional value on a cumulative basis across 1.3 million trades with open interest of $1.5 trillion. ICE Clear Credit has cleared $24 trillion in CDS resulting in open interest of $823 billion. ICE Clear Europe has cleared €13 trillion ($17 trillion) in CDS resulting in €525 billion ($685 billion) of open interest. Buy-side clearing of CDS totaled $363 billion in May and $915 billion 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 May 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

SOURCE IntercontinentalExchange

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