ATLANTA, June 2, 2011 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported volume for May 2011. Average daily volume (ADV) for ICE's futures markets was 1,429,907 contracts, a decline of 1% from May 2010. Year-to-date through May 31, ADV across ICE's futures exchanges was 1,500,400 contracts, an increase of 12% compared to the first five months of 2010. Total futures volume in May 2011 was 30.0 million contracts, up 4% from May 2010.
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Operating and Financial Guidance Update
-- ICE expects acquisition-related transaction costs primarily related to
the NYSE/LIFFE deal for the three months ended June 30, 2011 in the
range of $5 million to $7 million.
May 2011 Review
-- ICE Futures Europe records:
o The exchange established a daily volume record of 1,703,446 contracts
on May 6.
o ICE Brent Crude futures established a monthly volume record of
11,122,002 contracts and a daily volume record of 906,958 contracts on
May 6. This was the second consecutive daily volume record for Brent
during the month.
o ICE Heating Oil futures established a monthly volume record of 47,901
contracts and a daily volume record of 5,179 contracts on May 17.
o ICE RBOB Gasoline futures established a monthly volume record of
38,762 contracts and a daily volume record of 3,631 contracts on May
25.
o Open interest records were established for Brent, WTI and Gasoil
options, as well as a number of emissions and utilities contracts.
-- ICE Futures US records:
o ICE U.S. Dollar Index futures established a monthly volume record of
822,538 contracts and an ADV record of 39,168 contracts.
o ICE Cocoa options established an open interest record of 107,291
contracts on May 31.
-- ICE announced that its ICE Link platform will offer connectivity to CME
Clearing for credit default swap (CDS) clearing starting in the summer
of 2011.
-- ICE launched 49 new cleared OTC energy contracts on May 23.
-- On May 16, ICE and Nasdaq OMX withdrew their joint proposal to acquire
NYSE Euronext.
-- ICE was named Energy Risk Magazine's 2011 Exchange of the Year.
-- ICE announced the launch on June 13 of 48 new cleared OTC energy
contracts.
-- ICE Clear Europe cleared its first freight forward agreement on May 24.
-- Through May 27, ICE's CDS clearing houses have cleared $18.5 trillion in
gross notional value on a cumulative basis across 516,617 transactions.
ICE currently lists 313 CDS contracts for clearing.
o ICE Trust U.S. (ICE Trust) reached $11.1 trillion in gross notional
value cleared as of May 27, including $858 billion in single-name CDS,
resulting in open interest of $666 billion. ICE Trust offers clearing
for 41 indexes and 117 single-name contracts.
o ICE Clear Europe has cleared €5.5 trillion ($7.5 trillion) of gross
notional value since inception, including €885 billion ($1.2
trillion) in single-name CDS, resulting in €543 billion ($775
billion) of open interest. ICE Clear Europe offers clearing for 34
indexes and 121 single-name contracts.
-- Trading days in May 2011:
o ICE Futures Europe: 21
o ICE Futures U.S.: 21
o ICE Futures Canada: 21
o Chicago Climate Futures Exchange: 21
ICE Futures Contracts & Markets Monthly ADV
ADV ADV
May May ADV
Product Line 2011 2010 % Change
ICE Brent Crude futures & options 536,737 453,358 18.4
ICE Gasoil futures & options 233,991 200,094 16.9
ICE WTI Crude futures & options 212,102 266,090 -20.3
ICE ECX emissions futures & options 21,803 34,577 -36.9
Other futures contracts (1) 25,289 28,981 -12.7
TOTAL ICE FUTURES EUROPE 1,029,922 983,100 4.8
Index futures & options (2) 148,906 224,846 -33.8
Sugar No. 11 futures & options 108,621 112,245 -3.2
Other agricultural commodity contracts (3) 82,703 69,793 18.5
Currency futures and options contracts (4) 43,667 39,658 10.1
TOTAL ICE FUTURES U.S. 383,897 446,542 -14.0
TOTAL ICE FUTURES CANADA & CCFE(5) 16,088 11,925 34.9
TOTAL FUTURES CONTRACTS 1,429,907 1,441,567 -0.8
(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; and ICE Unleaded Gasoline Blendstock (RBOB)
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.
ICE Futures Year-to-Date ADV
5-mos 2011 5-mos 2010 Percent Change
ICE Futures Europe 1,071,502 893,147 20.0
ICE Futures U.S. 409,297 431,926 -5.2
ICE Futures Canada & CCFE* 19,601 15,020 30.5
Total Futures 1,500,400 1,340,093 12.0
ICE Futures Monthly and Year-to-Date Volume
May 2011 May 2010 Percent Change
ICE Futures Europe 21,628,363 19,661,992 10.0
ICE Futures U.S. 8,061,845 8,930,835 -9.7
ICE Futures Canada & CCFE* 337,839 238,500 41.7
Total Futures 30,028,047 28,831,327 4.2
5-mos 2011 5-mos 2010 Percent Change
ICE Futures Europe 110,364,728 91,100,997 21.1
ICE Futures U.S. 42,157,619 44,056,412 -4.3
ICE Futures Canada & CCFE* 2,018,960 1,547,055 30.5
Total Futures 154,541,307 136,704,464 13.0
*ICE acquired CCFE on July 8, 2010. Prior-year amounts do not include CCFE
volume and percentage change does not include CCFE prior-year volume.
ICE Futures Open Interest
May 31, 2011 December 31, 2010
ICE Futures Europe 3,853,598 3,329,205
ICE Futures U.S. 3,076,051 3,325,618
ICE Futures Canada & CCFE 254,444 283,246
Rolling Three-Month Average Rate per Contract(RPC)
Three Months Ending Three Months Ending Three Months Ending
Product Line May 2011 April 2011 March 2011
ICE Futures Europe $1.59 $1.59 $1.55
ICE Futures U.S. Ag $2.34 $2.26 $2.15
ICE Futures U.S.
Fin $0.98 $0.97 $1.03
RPC is calculated by dividing transaction revenues by contract volume, and may
vary based on pricing, customer and product mix.
Historical futures volume 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, 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, 2010 and ICE's Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, as filed with the SEC on February 9, 2011 and May 4, 2011, respectively.
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SOURCE IntercontinentalExchange