ICE Reports February Daily Volumes
ATLANTA--(BUSINESS WIRE)--
IntercontinentalExchange
Group (NYSE: ICE), the leading global network of exchanges and
clearing houses, today reported exchange traded volumes for February
2014.
ICE's February average daily volume (ADV) for global derivatives was
10.7 million contracts, a decrease of 9% compared to February 2013.
-
Commodity futures and options ADV increased 8% driven by continued
strength in natural gas, up 18%, and agriculture contract volume, up
29% year to year.
-
Financial futures and options ADV declined 20% driven primarily by a
24% decline in interest rate volumes versus February 2013, when
expectations for changes in interest rate levels drove increased
Euribor volumes.
In February, NYSE’s U.S. cash equities ADV increased 2% and Euronext’s
European cash equities ADV increased 12% from the prior February.
|
|
ICE Futures & Options ADV (contracts in 000s) |
|
|
| ADV Feb
2014 |
| ADV Feb
2013 |
| Change
y/y |
| ADV YTD
Feb 2014 |
| ADV YTD
Feb 2013 |
| Change
y/y |
| COMMODITIES |
|
|
|
|
|
|
|
|
|
|
|
|
| Energy |
|
|
|
|
|
|
|
|
|
|
|
|
|
Brent
|
|
601
|
|
|
687
|
|
|
-12
|
%
|
|
632
|
|
|
681
|
|
|
-7
|
%
|
|
Gasoil
|
|
231
|
|
|
290
|
|
|
-20
|
%
|
|
239
|
|
|
290
|
|
|
-18
|
%
|
|
Other Oil (1)
|
|
250
|
|
|
276
|
|
|
-9
|
%
|
|
256
|
|
|
269
|
|
|
-5
|
%
|
| TOTAL OIL |
| 1,083 |
|
| 1,254 |
|
| -14 | % |
| 1,127 |
|
| 1,240 |
|
| -9 | % |
|
Natural Gas (2)
|
|
1,335
|
|
|
1,133
|
|
|
18
|
%
|
|
1,385
|
|
|
1,225
|
|
|
13
|
%
|
|
Power (3)
|
|
851
|
|
|
705
|
|
|
21
|
%
|
|
892
|
|
|
604
|
|
|
48
|
%
|
|
Emissions & Other (4)
|
|
59
|
|
|
58
|
|
|
2
|
%
|
|
53
|
|
|
51
|
|
|
3
|
%
|
| TOTAL ENERGY |
| 3,327 |
|
| 3,149 |
|
| 6 | % |
| 3,456 |
|
| 3,119 |
|
| 11 | % |
| Agricultural |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sugar (5)
|
|
263
|
|
|
188
|
|
|
40
|
%
|
|
205
|
|
|
163
|
|
|
26
|
%
|
|
Other Ags (6)
|
|
251
|
|
|
211
|
|
|
19
|
%
|
|
214
|
|
|
189
|
|
|
14
|
%
|
| TOTAL AGRICULTURAL |
| 514 |
|
| 399 |
|
| 29 | % |
| 419 |
|
| 352 |
|
| 19 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL METALS (7) |
| 4 |
|
| 9 |
|
| -60 | % |
| 4 |
|
| 8 |
|
| -53 | % |
| TOTAL COMMODITIES |
| 3,845 |
|
| 3,557 |
|
| 8 | % |
| 3,879 |
|
| 3,479 |
|
| 12 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FINANCIALS |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Rates |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term Interest Rates (8)
|
|
1,850
|
|
|
2,506
|
|
|
-26
|
%
|
|
1,957
|
|
|
2,701
|
|
|
-28
|
%
|
|
Medium & Long-term Interest Rates (9)
|
|
236
|
|
|
254
|
|
|
-7
|
%
|
|
191
|
|
|
214
|
|
|
-10
|
%
|
| TOTAL INTEREST RATES |
| 2,086 |
|
| 2,760 |
|
| -24 | % |
| 2,149 |
|
| 2,915 |
|
| -26 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL EQUITY INDICES (10) |
| 414 |
|
| 359 |
|
| 15 | % |
| 380 |
|
| 359 |
|
| 6 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL FX (11) |
| 23 |
|
| 39 |
|
| -41 | % |
| 25 |
|
| 36 |
|
| -31 | % |
| TOTAL FINANCIALS |
| 2,523 |
|
| 3,159 |
|
| -20 | % |
| 2,554 |
|
| 3,309 |
|
| -23 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EQUITY DERIVATIVES |
|
|
|
|
|
|
|
|
|
|
|
|
| US Equity Options |
|
|
|
|
|
|
|
|
|
|
|
|
| NYSE Equity Options (12) |
| 4,001 |
|
| 4,346 |
|
| -8 | % |
| 3,988 |
|
| 4,471 |
|
| -11 | % |
|
Total U.S. Options Volume
|
|
16,168
|
|
|
15,399
|
|
|
5
|
%
|
|
16,471
|
|
|
15,496
|
|
|
6
|
%
|
|
NYSE Share of Group Total
|
|
25
|
%
|
|
28
|
%
|
|
-3pts
|
|
24
|
%
|
|
29
|
%
|
|
-5pts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| UK Single Stock Equities (13) |
| 366 |
|
| 677 |
|
| -46 | % |
| 315 |
|
| 808 |
|
| -61 | % |
| TOTAL EQUITY DERIVATIVES |
| 4,367 |
|
| 5,023 |
|
| -13 | % |
| 4,302 |
|
| 5,279 |
|
| -19 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL FUTURES & OPTIONS |
| 10,735 |
|
| 11,739 |
|
| -9 | % |
| 10,735 |
|
| 12,067 |
|
| -11 | % |
Note: Figures may not foot due to rounding.
|
|
|
|
(1)
| |
“Other Oil” includes futurized oil contracts, 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” includes Cocoa, Coffee “C”, Coffee 20 Tonne, Cotton
No. 2, Orange Juice, Corn, Wheat-Feed, Soybeans, Barley and Canola.
|
(7)
| |
“TOTAL METALS” includes Mini Gold and Mini Silver.
|
(8)
| |
“Short-term Interest Rates” includes Euribor, Sterling, Swiss,
Eonia, Eurodollar and DTCC GCF Repo contracts.
|
(9)
| |
“Medium & Long-Term Rates” includes Gilt, Swapnotes Yen,
Treasuries, U.S. Bond and Ultrabond contracts.
|
(10)
| |
“TOTAL EQUITY INDICES” 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(® )and Russell
1000(®).
|
(11)
| |
“TOTAL FX” includes futures and options for the U.S. Dollar Index
and foreign exchange.
|
(12)
| |
“NYSE Equity Options” includes NYSE Amex Options and NYSE Arca
Options trading in U.S. equity options contracts.
|
(13)
| |
“UK Single Stock Equities” includes equities domiciled in 25
countries that trade in the UK.
|
| |
|
|
|
| Financial Reporting Update |
|
|
• ICE now includes Bclear in futures and options volumes,
open interest and RPC. For related January 2014 comparisons and
all other historical futures, options and cash ADV, rate per
contract and open interest, please see our historical monthly
volume document here.
|
• Bclear volumes in February 2014 are included in the
following: STIR Bclear volumes were 12,088 contracts compared to
66,640 contracts for February 2013. MTIR Bclear volumes were
70,681 contracts compared to 3,401 contracts for February 2013.
Equity index Bclear volume was approximately 1.8 million contracts
compared to approximately 2 million contracts in February 2013. UK
Single Stock Equities Bclear volume was approximately 7 million
contracts compared to approximately 13 million contracts in
February 2013.
|
• ICE updated its trading day calendar for interest rates
and UK single stock equities to ensure ADV in prior periods are
comparable. For a complete trading day calendar, please see our
website for supplemental information here.
|
|
ICE Futures & Options Rolling Three-Month Average Rate per Contract
(RPC)
Futures & Options
Products |
| Three Months
Ending
Feb 2014
|
| Three Months
Ending
Jan 2014
|
| Three Months
Ending
Dec 2013
|
|
Energy
|
|
$
|
0.95
|
|
$
|
0.95
|
|
$
|
0.96
|
|
Agricultural
|
|
$
|
2.27
|
|
$
|
2.31
|
|
$
|
2.34
|
|
Total Commodities
|
|
$
|
1.08
|
|
$
|
1.06
|
|
$
|
1.07
|
|
Interest Rates
|
|
$
|
0.49
|
|
$
|
0.49
|
|
$
|
0.48
|
|
Total Financials
|
|
$
|
0.55
|
|
$
|
0.54
|
|
$
|
0.54
|
|
Total Equity Derivatives
|
|
$
|
0.16
|
|
$
|
0.15
|
|
$
|
0.15
|
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)
|
|
|
|
|
|
| 28-Feb-14 |
|
|
|
|
| 31-Dec-13 |
|
Energy*
|
|
|
|
|
|
93,404
|
|
|
|
|
|
88,425
|
|
Agricultural
|
|
|
|
|
|
3,586
|
|
|
|
|
|
3,368
|
|
Total Commodities
|
|
|
|
|
| 96,994 |
|
|
|
|
| 91,797 |
|
Interest Rates
|
|
|
|
|
|
23,554
|
|
|
|
|
|
18,101
|
|
Total Financials
|
|
|
|
|
| 28,996 |
|
|
|
|
| 23,067 |
*Energy OI excluding U.S. power contracts for February 2014 and December
2013 were 33,190 and 34,013 contracts, respectively.
ICE Futures & Options Volume (contracts in 000s)
| Futures & Options Products |
| Feb-14 |
| Feb-13 |
| Vol %
Change |
| YTD
Feb-14 |
| YTD
Feb-13 |
| Vol %
Change |
|
Commodities
|
|
73,056
|
|
67,647
|
|
8%
|
|
155,165
|
|
139,283
|
|
11%
|
|
Financials
|
|
50,031
|
|
63,027
|
|
-21%
|
|
106,456
|
|
138,714
|
|
-23%
|
|
Equity Derivatives
|
|
83,336
|
|
96,114
|
|
-13%
|
|
172,721
|
|
212,779
|
|
-19%
|
| TOTAL CONTRACTS |
| 206,424 |
| 226,787 |
| -9% |
| 434,341 |
| 490,776 |
| -11% |
|
|
U.S. Cash Products (shares in millions) |
|
|
| ADV Feb
2014 |
| ADV Feb
2013 |
| Change
y/y |
| ADV YTD
Feb 2014 |
| ADV YTD
Feb 2013 |
| Change
y/y |
| NYSE Listed (Tape A) Issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
Handled Volume (1) |
|
1,101
|
|
|
1,123
|
|
|
-2
|
%
|
|
1,074
|
|
|
1,122
|
|
|
-4
|
%
|
|
Matched Volume(2) |
|
1,073
|
|
|
1,078
|
|
|
0
|
%
|
|
1,044
|
|
|
1,077
|
|
|
-3
|
%
|
|
Total NYSE Listed Consolidated Volume
|
|
3,701
|
|
|
3,670
|
|
|
1
|
%
|
|
3,669
|
|
|
3,645
|
|
|
1
|
%
|
| Share of Total Matched Consolidated Volume |
|
29
|
%
|
|
29
|
%
|
|
-
|
|
|
28
|
%
|
|
30
|
%
|
|
-2pts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NYSE Arca, MKT and Regional (Tape B) Issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
Handled Volume (1) |
|
269
|
|
|
230
|
|
|
17
|
%
|
|
264
|
|
|
224
|
|
|
18
|
%
|
|
Matched Volume(2) |
|
254
|
|
|
213
|
|
|
19
|
%
|
|
249
|
|
|
206
|
|
|
21
|
%
|
|
Total NYSE Arca, MKT and Listed Consolidated Volume
|
|
1,225
|
|
|
1,035
|
|
|
18
|
%
|
|
1,193
|
|
|
991
|
|
|
20
|
%
|
| Share of Total Matched Consolidated Volume |
|
21
|
%
|
|
21
|
%
|
|
-
|
|
|
21
|
%
|
|
21
|
%
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nasdaq Listed (Tape C) Issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
Handled Volume (1) |
|
217
|
|
|
209
|
|
|
4
|
%
|
|
212
|
|
|
212
|
|
|
0
|
%
|
|
Matched Volume(2) |
|
197
|
|
|
187
|
|
|
5
|
%
|
|
192
|
|
|
189
|
|
|
1
|
%
|
|
Total Nasdaq Listed Consolidated Volume
|
|
2,108
|
|
|
1,892
|
|
|
11
|
%
|
|
2,136
|
|
|
1,883
|
|
|
13
|
%
|
| Share of Total Matched Consolidated Volume |
|
9
|
%
|
|
10
|
%
|
|
-1pt
|
|
|
9
|
%
|
|
10
|
%
|
|
-1pt
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL U.S. Cash Products Handled |
| 1,587 |
|
| 1,563 |
|
| 2 | % |
| 1,551 |
|
| 1,558 |
|
| - |
|
(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 Monthly Product Revenue Capture |
|
| Feb 2014 |
| Jan 2014 |
| Dec 2013 |
|
U.S. Cash Products
|
|
$
|
0.049
|
|
$
|
0.049
|
|
$
|
0.050
|
|
|
Euronext Cash Products and Derivatives (in 000s) |
|
|
| ADV Feb
2014 |
| ADV Feb
2013 |
| ADV %
Change |
| ADV YTD Feb
2014 |
| ADV YTD Feb
2013 |
| ADV %
Change
|
| Euronext Cash Products(1) |
|
1,632
|
|
1,458
|
|
12%
|
|
1,606
|
|
1,371
|
|
17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Euronext Derivatives(2) |
|
596
|
|
680
|
|
-12%
|
|
605
|
|
647
|
|
-6%
|
(1) Includes Equities, ETFs, Structured products and bonds.
(2) Includes Equity Index products, Single Stock equities, Currencies,
Wheat-Milling, Rapeseed, Corn and Barley Malting products.
Credit Derivatives Clearing
-
Through February 28, ICE has cleared $49 trillion in gross notional
value on a cumulative basis across 1.6 million trades with open
interest of $1.5 trillion. Buy-side clearing of CDS totaled $4.9
trillion since the launch of client clearing at ICE Clear Credit in
December of 2009. ICE lists over 400 CDS instruments for clearing. A
complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml
February 2014 Review
- ICE
Trade Vault Europe processed around 4.5 million trades across
energy, agricultural commodities, metals, credit, interest rates and
equity derivatives on the first day of trade reporting.
-
ICE declared a quarterly $0.65
per share dividend payable on March 31, 2014 to shareholders of
record as of March 17, 2014.
-
Monthly total volume and ADV records were established in ICE Sugar 11
and Coffee futures, and Emissions EUA and Rotterdam Coal options.
Monthly ADV records were set in UK Natural Gas futures and WTI options.
-
Short Sterling futures, Canola futures and Dutch TTF Natural Gas
futures established daily volume records of 2,055,972 contracts,
71,536 contracts and 20,630 contracts, respectively, during the month
of February.
-
Open interest records were established in Low Sulphur Gasoil futures,
ICE Cocoa futures, MSCI index futures, UK Natural Gas options, and ICE
Newcastle, Richards Bay 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 February 2014:
-
Interest Rates, UK Single Stock: 20
-
Commodities, Other Financials: 19
-
US Cash Equities, US Equity Options: 19
-
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.
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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