ICE Reports April Volume
ATLANTA--(BUSINESS WIRE)--
IntercontinentalExchange
Group (NYSE: ICE), the leading global network of exchanges and
clearing houses, today reported exchange traded volumes for April 2014.
ICE’s April average daily volume (ADV) was 5.9 million contracts, a
decrease of 13% compared to April 2013.
-
Commodity futures and options ADV was down 20% in April due primarily
to lower price volatility across most products.
-
Financial futures and options ADV was down 3% in April due primarily
to lower volatility in European interest rates relative to the prior
April. This was partially offset by growth across equity derivatives
that increased 11% year to year.
-
NYSE and Euronext’s cash equities ADV declined 1% and 2%,
respectively, from the prior April. NYSE equity options volume
declined 14% year to year.
|
|
ICE Futures & Options ADV (contracts in 000s) |
|
|
| ADV April
2014 |
| ADV April
2013 |
| Change
y/y |
| ADV YTD
Apr ‘14 |
| ADV YTD
Apr ‘13 |
| Change
y/y |
| COMMODITIES |
|
|
|
|
|
|
|
|
|
|
|
|
| Energy |
|
|
|
|
|
|
|
|
|
|
|
|
|
Brent
|
|
616
|
|
803
|
|
-23
|
%
|
|
623
|
|
723
|
|
-14
|
%
|
|
Gasoil
|
|
198
|
|
254
|
|
-22
|
%
|
|
222
|
|
274
|
|
-19
|
%
|
|
Other Oil (1)
|
|
249
|
|
255
|
|
-2
|
%
|
|
256
|
|
258
|
|
-1
|
%
|
| TOTAL OIL |
| 1,064 |
| 1,312 |
| -19 | % |
| 1,101 |
| 1,255 |
| -12 | % |
|
Natural Gas (2)
|
|
704
|
|
1,507
|
|
-53
|
%
|
|
1,052
|
|
1,396
|
|
-25
|
%
|
|
Power (3)
|
|
855
|
|
514
|
|
66
|
%
|
|
872
|
|
552
|
|
58
|
%
|
|
Emissions & Other (4)
|
|
40
|
|
48
|
|
-16
|
%
|
|
52
|
|
50
|
|
4
|
%
|
| TOTAL ENERGY |
| 2,663 |
| 3,380 |
| -21 | % |
| 3,077 |
| 3,253 |
| -5 | % |
| Agricultural |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sugar (5)
|
|
163
|
|
166
|
|
-2
|
%
|
|
181
|
|
154
|
|
17
|
%
|
|
Other Ags & Metals (6)
|
|
190
|
|
221
|
|
-14
|
%
|
|
202
|
|
195
|
|
3
|
%
|
| TOTAL AGRICULTURAL & METALS |
| 353 |
| 387 |
| -9 | % |
| 383 |
| 349 |
| 10 | % |
| TOTAL COMMODITIES |
| 3,017 |
| 3,767 |
| -20 | % |
| 3,460 |
| 3,602 |
| -4 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FINANCIALS |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Rates |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term Interest Rates (7)
|
|
1,427
|
|
1,634
|
|
-13
|
%
|
|
1,770
|
|
2,340
|
|
-24
|
%
|
|
Medium & Long-term Interest Rates (8)
|
|
132
|
|
137
|
|
-4
|
%
|
|
172
|
|
180
|
|
-5
|
%
|
| TOTAL INTEREST RATES |
| 1,559 |
| 1,771 |
| -12 | % |
| 1,942 |
| 2,520 |
| -23 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL EQUITY DERIVATIVES (9) |
| 1,307 |
| 1,182 |
| 11 | % |
| 985 |
| 1,201 |
| -18 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL FX (10) |
| 17 |
| 32 |
| -45 | % |
| 24 |
| 37 |
| -34 | % |
| TOTAL FINANCIALS |
| 2,883 |
| 2,985 |
| -3 | % |
| 2,951 |
| 3,757 |
| -21 | % |
| TOTAL FUTURES & OPTIONS |
| 5,899 |
| 6,752 |
| -13 | % |
| 6,411 |
| 7,360 |
| -13 | % |
Note: Figures may not foot due to rounding.
|
| |
(1)
| |
“Other Oil” includes futurized oil, WTI, Heating Oil, RBOB
Gasoline and Middle East Sour Crude. Excludes Daily Brent Bullet
contracts.
|
(2)
| |
“Natural Gas” includes North American, UK and European Natural Gas.
|
(3)
| |
“Power” includes North American, UK and European Power.
|
(4)
| |
“Emissions & Other” includes all power contracts, emissions,
freight, coal, iron ore and uranium.
|
(5)
| |
“Sugar” includes Sugar No. 11, Sugar No. 16 and White Sugar.
|
(6)
| |
“Other Ags & Metals” includes Cocoa, Coffee “C”, Coffee 20 Tonne,
Cotton No. 2, Orange Juice, Corn, Wheat-Feed, Soybeans, Barley,
Canola, Mini Gold and Mini Silver contracts.
|
(7)
| |
“Short-term Interest Rates” includes Euribor, Sterling, Swiss,
Eonia, Eurodollar and DTCC GCF Repo contracts.
|
(8)
| |
“Medium & Long-Term Rates” includes Gilt, Swapnotes Yen,
Treasuries, U.S. Bond and Ultrabond contracts.
|
(9)
| |
“TOTAL EQUITY DERIVATIVES” includes FTSE 100, FTSE 100 Dividend,
price return and net total return versions of MSCI EAFE, MSCI
Emerging Markets, MSCI Europe, and MSCI World, Russell 2000® ,
Russell 1000® and UK Single Stock Equities which
includes equities domiciled in 25 countries that trade in the UK.
|
(10)
| |
“TOTAL FX” includes futures and options for the U.S. Dollar Index
and foreign exchange.
|
| |
|
Financial and Reporting Update
-
ICE will report first quarter 2014 earnings results on May 8.
-
Rate per contract (RPC) for March and February are restated in
Agriculture & Metals and Financials due to the inclusion of Liffe
clearing revenue.
-
Effective April 28, many of ICE’s North American smaller sized power
contracts were converted to larger contract sizes. April volumes
reflect the historical contract size for the final three trading days
consistent with the rest of the month. May power volume and open
interest will be reported consistent with the new contract
methodology. Historical conversions for daily power volumes are
available on the ICE website: Supplemental
Volume Info.
|
|
ICE Futures & Options Rolling Three-Month Average Rate per
Contract (RPC) |
Futures & Options
Products |
| Three Months
Ending
Apr 2014 |
| Three Months
Ending
Mar 2014 |
| Three Months
Ending
Feb 2014 |
|
Energy
|
| $1.01 |
| $0.98 |
| $0.95 |
|
Agricultural & Metals
|
| $2.31 |
| $2.26 |
| $2.27 |
|
Total Commodities
|
| $1.17 |
| $1.12 |
| $1.08 |
|
Interest Rates
|
| $0.65 |
| $0.61 |
| $0.62 |
|
Total Financials
|
| $0.58 |
| $0.59 |
| $0.60 |
|
| |
| |
| |
RPC is calculated by dividing transaction revenues by contract volume,
and may vary based on pricing, customer and product mix.
|
| |
| |
ICE Futures & Options Open Interest (contracts in 000s) |
|
|
| Apr 30, 2014 |
| Dec 31, 2013 |
|
Energy*
|
|
96,426
|
|
88,425
|
|
Agricultural & Metals
|
|
3,518
|
|
3,372
|
|
Total Commodities
|
| 99,944 |
| 91,797 |
|
Interest Rates
|
|
22,881
|
|
18,101
|
|
Total Financials
|
| 40,005 |
| 30,385 |
| | | |
|
*Energy OI excluding U.S. power contracts for April 2014 and December
2013 were 31,862 and 34,013 contracts, respectively.
ICE Futures & Options Volume (contracts in 000s) |
Futures & Options Products |
| Apr-14 |
| Apr-13 |
| Vol %
Change |
| YTD
Apr ‘14 |
| YTD
Apr ‘13 |
| Vol %
Change |
|
Commodities
|
|
63,350
|
|
82,818
|
|
-24%
|
|
283,697
|
|
295,468
|
|
-4%
|
|
Financials
|
|
58,008
|
|
62,872
|
|
-8%
|
|
244,533
|
|
311,756
|
|
-22%
|
| TOTAL CONTRACTS |
| 121,358 |
| 145,691 |
| -17% |
| 528,230 |
| 607,224 |
| -13% |
|
| |
| |
| |
| |
| |
| |
|
|
U.S. Equity Options (contracts in 000s) |
|
|
| ADV Apr
2014 |
| ADV Apr
2013 |
| Change
y/y |
| ADV
YTD Apr ‘14 |
| ADV
YTD Apr ‘13 |
| Change
y/y |
| U.S. Equity Options |
|
|
|
|
|
|
|
|
|
|
|
|
| NYSE Equity Options(1) |
|
3,687
|
|
4,298
|
|
-14%
|
|
3,826
|
|
4,249
|
|
-10%
|
|
Total U.S. Options Volume
|
|
15,219
|
|
15,352
|
|
-1%
|
|
15,855
|
|
15,081
|
|
5%
|
| NYSE Share of Group Total |
|
24%
|
|
28%
|
|
-4pts
|
|
24%
|
|
28%
|
|
-4pts
|
|
| |
| |
| |
| |
| |
| |
(1) “NYSE Equity Options” includes NYSE Amex Options and NYSE Arca
Options trading in U.S. equity options contracts.
|
|
U.S. Equity Options Rolling Three-Month Average Rate per
Contract (RPC) |
|
| Three Months
Ending
Apr 2014 | Three Months
Ending
Mar 2014 |
| Three Months
Ending
Feb 2014 |
|
US Equity Options
|
| $0.16 | $0.16 |
| $0.16 |
|
| | |
| |
|
|
U.S. Cash Products (shares in millions) |
|
|
| ADV April
2014 |
| ADV April
2013 |
| Change
y/y |
| ADV
YTD Apr ‘14 |
| ADV
YTD Apr ‘13 |
| Change
y/y |
| NYSE Listed (Tape A) Issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
Handled Volume (1) |
|
1,069
|
|
1,105
|
|
-3%
|
|
1,077
|
|
1,116
|
|
-3%
|
|
Matched Volume(2) |
|
1,043
|
|
1,065
|
|
-2%
|
|
1,049
|
|
1,073
|
|
-2%
|
|
Total NYSE Listed Consolidated Volume
|
|
3,438
|
|
3,529
|
|
-3%
|
|
3,558
|
|
3,570
|
|
0%
|
| Share of Total Matched Consolidated Volume |
|
30%
|
|
30%
|
|
-
|
|
30%
|
|
30%
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NYSE Arca, MKT and Regional (Tape B) Listed Issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
Handled Volume (1) |
|
246
|
|
264
|
|
-7%
|
|
265
|
|
235
|
|
13%
|
|
Matched Volume(2) |
|
232
|
|
243
|
|
-5%
|
|
249
|
|
217
|
|
15%
|
|
Total NYSE Arca and MKT Listed Consolidated Volume
|
|
1,073
|
|
1,165
|
|
-8%
|
|
1,170
|
|
1,040
|
|
13%
|
| Share of Total Matched Consolidated Volume |
|
22%
|
|
21%
|
|
+1pt
|
|
21%
|
|
21%
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nasdaq Listed (Tape C) Issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
Handled Volume (1) |
|
223
|
|
186
|
|
20%
|
|
217
|
|
197
|
|
10%
|
|
Matched Volume(2) |
|
206
|
|
168
|
|
23%
|
|
198
|
|
176
|
|
12%
|
|
Total Nasdaq Listed Consolidated Volume
|
|
2,119
|
|
1,689
|
|
25%
|
|
2,156
|
|
1,786
|
|
21%
|
| Share of Total Matched Consolidated Volume |
|
10%
|
|
10%
|
|
-
|
|
9%
|
|
10%
|
|
-1pt
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL ADV U.S. Cash Shares Handled |
| 1,537 |
| 1,555 |
| -1% |
| 1,559 |
| 1,548 |
| 1% |
|
| |
| |
| |
| |
| |
| |
(1)
|
|
“Handled Volume” represents the total number of shares of equity
securities, ETFs and crossing session activity internally matched
on NYSE Group’s exchanges or routed to and executed on an external
market center.
|
(2)
| |
“Matched Volume” represents the total number of shares of equity
securities, ETFs and crossing session activity executed on NYSE
Group’s exchanges.
|
|
| |
| |
| |
U.S. Cash Rolling Three-Month Revenue Capture |
(per 100 shares) |
|
| Three Months
Ending
Apr 2014 |
| Three Months
Ending
Mar 2014 |
| Three Months
Ending
Feb 2014 |
|
US Cash Products
|
| $0.047 |
| $0.047 |
| $0.048 |
| | | | | |
|
|
| |
| |
| |
| |
| |
| |
Euronext Cash Products and Derivatives (in 000s) |
|
|
| ADV April
2014 |
| ADV April
2013 |
| ADV %
Change |
| ADV
YTD Apr ‘14 |
| ADV
YTD Apr ‘13 |
| ADV %
Change |
| Euronext Cash (in trades)(1) |
|
1,460
|
|
1,495
|
|
-2%
|
|
1,562
|
|
1,407
|
|
11%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Euronext Derivatives (in lots)(2) |
|
551
|
|
632
|
|
-13%
|
|
599
|
|
647
|
|
-7%
|
| | | | | | | | | | | |
|
(1)
|
|
Includes Equities, ETFs, Structured products and bonds.
|
(2)
| |
Includes Equity Index products, Single Stock equities, Currencies,
Wheat-Milling, Rapeseed, Corn and Barley Malting futures and
options products.
|
| |
|
Credit Derivatives Transaction and Clearing
-
Through April 28, ICE has cleared $52 trillion in gross notional value
on a cumulative basis across 1.7 million trades with open interest of
$1.6 trillion. Buy-side clearing of credit default swaps (CDS) totaled
$6.2 trillion since the launch of client clearing at ICE Clear Credit
in December of 2009. ICE lists over 450 CDS instruments for clearing.
A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml
April 2014 Review
-
ICE completed
the transition of the ICE Endex Dutch and Belgian natural gas spot
markets and the Dutch gas storage market to the ICE trading platform.
- ICE
Benchmark Administration (IBA) was appointed as the new
administrator of ISDAFIX.
-
ICE announced management
appointments and Board of Directors for its newly renamed ICE
Futures Singapore and ICE Clear Singapore operations.
- ICE
Clear Europe announced the introduction of clearing for Western
European Sovereign CDS instruments including Ireland, Italy, Portugal
and Spain, following receipt of regulatory approval.
-
ICE announced the launch of 21
interest rate futures contracts including new Liffe European
Government Bond Futures and Swapnote® Contracts.
- Liffe
30 Year Ultra Long Gilt futures had a strong launch and first
month of trading with 17,520 contracts traded during April and open
interest of 3,692 as of April 30.
-
Monthly total volume and ADV records were established in NYH RBOB
Gasoline futures and Rotterdam Coal options contracts.
-
Daily volume records were established during the month for NYH RBOB
Gasoline futures and Sugar 16 futures of 42,586 contracts and 3,716
contracts, respectively.
-
Open interest records were established in Low Sulphur Gasoil futures,
futures on the DTCC GCF Repo indices and UK Natural Gas, Newcastle
Coal, Richards Bay Coal and Rotterdam Coal options contracts.
-
ICE finalized the acquisition of NYSE Euronext on November 13, 2013.
For comparison purposes NYSE Euronext volumes are included for all
periods covered.
Trading days in April 2014:
-
Interest Rates, UK Single Stock: 20
-
Commodities, Other Financials: 21
-
US Cash Equities, US Equity Options: 21
-
Euronext Cash Equities, Euronext Derivatives: 20
About IntercontinentalExchange Group, Inc.
IntercontinentalExchange (NYSE: ICE) is the leading network of regulated
exchanges and clearing houses for financial and commodity markets. ICE
delivers transparent, reliable and accessible data, technology and risk
management services to markets around the world through its portfolio of
exchanges, including the New York Stock Exchange, ICE Futures, Liffe and
Euronext.
Trademarks of ICE and/or its affiliates include
IntercontinentalExchange, ICE, ICE block design, NYSE Euronext, NYSE,
New York Stock Exchange, LIFFE and Euronext. Information regarding
additional trademarks and intellectual property rights of
IntercontinentalExchange Group, Inc. and/or its affiliates is located at https://www.theice.com/terms.jhtml
and http://www.nyx.com/terms-use.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995 - Statements in this press release regarding ICE’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, 2013, as filed with the SEC on February 14, 2014.
ICE-CORP
IntercontinentalExchange Group, Inc.
Investor & Media Contact:
Kelly
Loeffler, 770-857-4726
SVP, Corporate Communications, Marketing &
Investor Relations
kelly.loeffler@theice.com
Source: IntercontinentalExchange Group