ICE Reports 19% ADV Futures Growth for August 2010; $11.5 Trillion Cleared in CDS

Published on Thursday, 02 September 2010 08:36 Written by TradersHuddle Staff

ATLANTA, Sept. 2 /PRNewswire-FirstCall/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported strong futures volume growth for August 2010. Average daily volume (ADV) for ICE's futures markets was 1,197,848 contracts, up 19% from August 2009.

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Year-to-date through August 31, 2010, ADV across ICE's futures exchanges was 1,300,209 contracts, an increase of 28% compared to the same period of 2009. Total futures volume in August 2010 was 26.3 million contracts.

August 2010 Review

• ICE Futures Europe records achieved in August:
  • The exchange established an overall open interest record in August, along with open interest records for ICE ECX emissions futures and options and ICE WTI options.
• Open interest at ICE's CDS clearing houses surpassed $1 trillion in August, and buy-side CDS clearing at ICE Trust crossed $2 billion in gross notional value.
• Through August 27, ICE's CDS clearing houses have cleared $11.5 trillion in gross notional value on a cumulative basis on 286,645 transactions. ICE currently lists 243 CDS contracts for clearing.
  • ICE Trust U.S. (ICE Trust) has cleared $7 trillion of gross notional value since inception, including $409 billion in single-name CDS, resulting in open interest of $488 billion. ICE Trust offers clearing for 35 indexes and 81 single-name instruments.
  • ICE Clear Europe has cleared euro 3.3 trillion ($4.5 trillion) of gross notional value since inception, including euro 512 billion in single-name CDS, resulting in euro 437 billion ($554 billion) of open interest. ICE Clear Europe offers clearing for 26 indexes and 101 single-name instruments.
• Trading days in August 2010:
  • ICE Futures Europe: 22
  • ICE Futures U.S.: 22
  • ICE Futures Canada: 21
  • Chicago Climate Futures Exchange: 22

(1) "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.

(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 and Sugar No. 16.

(4) "Currency futures and options" include futures and options for the U.S. Dollar Index and foreign exchange.

(5) ICE acquired Chicago Climate Futures Exchange (CCFE) on July 8, 2010. Prior-year amounts do not include CCFE volume and percentage change does not include CCFE prior-year volume.

Prior-year amounts do not include CCFE volume and percentage change does not include CCFE prior-year volume.

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 55 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 Trust, ICE Clear Europe, 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, 2009, as filed with the SEC on February 10, 2010.

ICE-CORP

SOURCE IntercontinentalExchange