Intercontinental Exchange Reports ICE and NYSE Volume for August
ATLANTA--(BUSINESS WIRE)--
Intercontinental Exchange, Inc. (NYSE: ICE), the leading global network
of exchanges and clearing houses, today reported exchange traded volumes
for August 2014.
ICE’s August average daily volume (ADV) for futures and options was 4.4
million contracts, down 11% compared to August 2013.
-
Commodity ADV declined 13% year to year, with energy ADV down 13%,
offset by Other Oil ADV which increased 6%.
-
Financials ADV declined 9% over the prior August due to continued low
volatility in European short-term interest rates. ADV for medium and
long-term interest rate contracts increased 15%, and equity index and
single stock ADV rose 14% and 45%, respectively, over the prior August.
In August, NYSE’s U.S. cash equities and options ADV declined 7% and 8%,
respectively, year to year.
-
U.S. cash equities market share was 22.9% and U.S. options market
share was 22.6%.
|
|
ICE Futures & Options ADV (contracts in 000s) |
|
|
| ADV Aug |
|
| ADV Aug |
|
| Change |
|
| ADV YTD |
|
| ADV YTD |
|
| Change |
|
|
|
| 2014 |
|
| 2013 |
|
| y/y |
|
| Aug ‘14 |
|
| Aug ‘13 |
|
| y/y |
| COMMODITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Energy |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brent
|
|
|
658
|
|
|
663
|
|
|
-1%
|
|
|
663
|
|
|
686
|
|
|
-3%
|
|
Gasoil
|
|
|
201
|
|
|
235
|
|
|
-14%
|
|
|
214
|
|
|
268
|
|
|
-20%
|
|
Other Oil (1)
|
|
|
266
|
|
|
251
|
|
|
6%
|
|
|
263
|
|
|
260
|
|
|
1%
|
| TOTAL OIL |
|
| 1,125 |
|
| 1,149 |
|
| -2% |
|
| 1,140 |
|
| 1,214 |
|
| -6% |
|
Natural Gas (2)
|
|
|
718
|
|
|
965
|
|
|
-26%
|
|
|
891
|
|
|
1,226
|
|
|
-27%
|
|
Power (3)
|
|
|
80
|
|
|
95
|
|
|
-16%
|
|
|
113
|
|
|
131
|
|
|
-14%
|
|
Emissions & Other (4)
|
|
|
23
|
|
|
21
|
|
|
9%
|
|
|
41
|
|
|
41
|
|
|
1%
|
| TOTAL ENERGY |
|
| 1,945 |
|
| 2,230 |
|
| -13% |
|
| 2,185 |
|
| 2,611 |
|
| -16% |
| Agricultural |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sugar (5)
|
|
|
113
|
|
|
122
|
|
|
-7%
|
|
|
156
|
|
|
149
|
|
|
5%
|
|
Other Ags & Metals (6)
|
|
|
150
|
|
|
173
|
|
|
-13%
|
|
|
180
|
|
|
184
|
|
|
-2%
|
| TOTAL AGRICULTURAL & METALS |
|
| 263 |
|
| 295 |
|
| -11% |
|
| 336 |
|
| 333 |
|
| 1% |
| TOTAL COMMODITIES |
|
| 2,208 |
|
| 2,524 |
|
| -13% |
|
| 2,521 |
|
| 2,944 |
|
| -14% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FINANCIALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest Rates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term Interest Rates (7)
|
|
|
1,122
|
|
|
1,558
|
|
|
-28%
|
|
|
1,580
|
|
|
2,262
|
|
|
-30%
|
|
Medium & Long-term Interest Rates (8)
|
|
|
222
|
|
|
193
|
|
|
15%
|
|
|
174
|
|
|
184
|
|
|
-6%
|
| TOTAL INTEREST RATES |
|
| 1,343 |
|
| 1,751 |
|
| -23% |
|
| 1,753 |
|
| 2,447 |
|
| -28% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL EQUITY DERIVATIVES (9) |
|
| 837 |
|
| 633 |
|
| 32% |
|
| 967 |
|
| 1,048 |
|
| -8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL FX (10) |
|
| 25 |
|
| 34 |
|
| -28% |
|
| 24 |
|
| 40 |
|
| -40% |
| TOTAL FINANCIALS |
|
| 2,205 |
|
| 2,418 |
|
| -9% |
|
| 2,745 |
|
| 3,535 |
|
| -22% |
| TOTAL FUTURES & OPTIONS |
|
| 4,413 |
|
| 4,943 |
|
| -11% |
|
| 5,266 |
|
| 6,479 |
|
| -19% |
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 emissions contracts, freight, coal,
iron ore and uranium.
|
|
(5)
| |
“Sugar” includes Sugar No. 11, Sugar No. 16 and White Sugar.
|
|
(6)
| |
“Other Ags & Metals” includes Cocoa ($), Cocoa (£),Coffee “C”,
Robusta Coffee, 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, Short Gilt, European Government Bonds and DTCC
GCF Repo contracts.
|
|
(8)
| |
“Medium & Long-Term Rates” includes Gilt, Swapnotes, Japanese
Government Bonds, European Government Bonds, Treasuries and U.S.
Government Bonds 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 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
-
Monthly CDS gross notional cleared is provided in ICE’s Volume and CDS
Tracking report on the Supplemental
Volume page in the Investor section of the website.
|
|
ICE Futures & Options Rolling Three-Month Average Rate per
Contract (RPC(1)) |
|
|
|
| Three Months |
|
|
| Three Months |
|
|
| Three Months |
| Futures & Options | | | | Ending | | | | Ending | | | | Ending |
| Products |
|
|
| August 2014 |
|
|
| July 2014 |
|
|
| June 2014 |
|
Energy
|
|
|
| $1.36 |
|
|
| $1.36 |
|
|
| $1.37 |
|
Agricultural & Metals
|
|
|
| $2.50 |
|
|
| $2.43 |
|
|
| $2.41 |
|
Total Commodities
|
|
|
| $1.50 |
|
|
| $1.50 |
|
|
| $1.52 |
|
Interest Rates
|
|
|
| $0.67 |
|
|
| $0.66 |
|
|
| $0.65 |
|
Total Financials
|
|
|
| $0.62 |
|
|
| $0.59 |
|
|
| $0.56 |
|
(1)
|
|
RPC is calculated by dividing transaction revenues by contract
volume, and may vary based on pricing, customer and product mix. RPC
is subject to revision based on final numbers.
|
|
|
ICE Futures & Options Open Interest (contracts in 000s) |
|
|
|
|
|
|
| August 29, 2014 |
|
|
|
|
| Dec 31, 2013 |
|
Energy
|
|
|
|
|
|
37,846
|
|
|
|
|
|
41,470
|
|
Agricultural & Metals
|
|
|
|
|
|
3,646
|
|
|
|
|
|
3,372
|
|
Total Commodities
|
|
|
|
|
| 41,492 |
|
|
|
|
| 44,842 |
|
Interest Rates
|
|
|
|
|
|
21,353
|
|
|
|
|
|
18,101
|
|
Total Financials
|
|
|
|
|
| 37,573 |
|
|
|
|
| 30,385 |
|
|
ICE Futures & Options Monthly and YTD Volume (contracts in 000s) |
|
|
| |
|
| |
|
| Vol % |
|
| YTD |
|
| YTD |
|
| Vol % |
| Futures & Options Products |
|
| August-14 |
|
| August-13 |
|
| Change |
|
| August ‘14 |
|
| August ‘13 |
|
| Change |
|
Commodities
|
|
|
46,373
|
|
|
55,514
|
|
|
-16%
|
|
|
421,062
|
|
|
494,735
|
|
|
-15%
|
|
Financials
|
|
|
46,297
|
|
|
53,203
|
|
|
-13%
|
|
|
465,350
|
|
|
603,953
|
|
|
-23%
|
| TOTAL CONTRACTS |
|
| 92,670 |
|
| 108,717 |
|
| -15% |
|
| 886,412 |
|
| 1,098,688 |
|
| -19% |
|
|
U.S. Equity Options (contracts in 000s) | |
|
|
| ADV Aug |
|
| ADV Aug |
|
| Change |
|
| ADV YTD |
|
| ADV YTD |
|
| Change | |
|
|
|
| 2014 |
|
| 2013 |
|
| y/y |
|
| Aug ‘14 |
|
| Aug ‘13 |
|
| y/y | |
| NYSE Equity Options(1) |
|
|
3,088
|
|
|
3,347
|
|
|
-8%
|
|
|
3,575
|
|
|
4,083
|
|
|
-12%
| |
|
Total U.S. Options Volume
|
|
|
13,674
|
|
|
13,237
|
|
|
3%
|
|
|
14,889
|
|
|
14,889
|
|
|
0%
| |
| NYSE Share of Group Total |
|
|
22.6%
|
|
|
25.3%
|
|
|
-2.7pts
|
|
|
24.0%
|
|
|
27.4%
|
|
|
-3.4pts
| |
(1)
|
|
“NYSE Equity Options” includes NYSE Amex Options and NYSE Arca
Options markets for U.S. equity options contracts.
|
|
|
U.S. Equity Options Rolling Three-Month Average Rate per
Contract (RPC) |
|
|
|
| Three Months Ending August 2014 |
|
|
| Three Months Ending July 2014 |
|
|
| Three Months Ending June 2014 |
|
US Equity Options
|
|
|
| $0.15 |
|
|
| $0.15 |
|
|
| $0.15 |
|
|
U.S. Cash Products (shares in millions) |
|
|
| ADV Aug |
|
| ADV Aug |
|
| Change |
|
| ADV YTD |
|
| ADV YTD |
|
| Change |
|
|
|
| 2014 |
|
| 2013 |
|
| y/y |
|
| Aug ‘14 |
|
| Aug ‘13 |
|
| y/y |
| NYSE Listed (Tape A) Issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Handled Volume (1) |
|
|
867
|
|
|
945
|
|
|
-8%
|
|
|
1,012
|
|
|
1,093
|
|
|
-7%
|
|
Matched Volume(2) |
|
|
850
|
|
|
913
|
|
|
-7%
|
|
|
988
|
|
|
1,053
|
|
|
-6%
|
|
Total NYSE Listed Consolidated Volume
|
|
|
2,787
|
|
|
2,971
|
|
|
-6%
|
|
|
3,273
|
|
|
3,452
|
|
|
-5%
|
| Share of Total Matched Consolidated Volume |
|
|
30.5%
|
|
|
30.7%
|
|
|
-0.2pts
|
|
|
30.2%
|
|
|
30.5%
|
|
|
-0.3pts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NYSE Arca, MKT and Regional (Tape B) Listed Issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Handled Volume (1) |
|
|
205
|
|
|
232
|
|
|
-12%
|
|
|
233
|
|
|
250
|
|
|
-7%
|
|
Matched Volume(2) |
|
|
194
|
|
|
214
|
|
|
-9%
|
|
|
220
|
|
|
230
|
|
|
-4%
|
|
Total NYSE Arca and MKT Listed Consolidated Volume
|
|
|
874
|
|
|
1,008
|
|
|
-13%
|
|
|
1,015
|
|
|
1,094
|
|
|
-7%
|
| Share of Total Matched Consolidated Volume |
|
|
22.2%
|
|
|
21.3%
|
|
|
+0.9pts
|
|
|
21.7%
|
|
|
21.0%
|
|
|
+0.7pts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nasdaq Listed (Tape C) Issues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Handled Volume (1) |
|
|
167
|
|
|
162
|
|
|
3%
|
|
|
200
|
|
|
186
|
|
|
7%
|
|
Matched Volume(2) |
|
|
157
|
|
|
145
|
|
|
8%
|
|
|
184
|
|
|
167
|
|
|
10%
|
|
Total Nasdaq Listed Consolidated Volume
|
|
|
1,591
|
|
|
1,508
|
|
|
6%
|
|
|
1,973
|
|
|
1,740
|
|
|
13%
|
| Share of Total Matched Consolidated Volume |
|
|
9.9%
|
|
|
9.6%
|
|
|
+0.3pts
|
|
|
9.3%
|
|
|
9.6%
|
|
|
-0.3pts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL US Cash Market Share Matched |
|
| 22.9% |
|
| 23.2% |
|
| -0.3pts |
|
| 22.2% |
|
| 23.1% |
|
| -0.9pts |
| TOTAL ADV U.S. Cash Shares Handled |
|
| 1,239 |
|
| 1,339 |
|
| -7% |
|
| 1,445 |
|
| 1,529 |
|
| -6% |
|
(1)
|
|
“Handled Volume” represents the total number of shares of equity
securities, exchange traded funds (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 |
|
|
| Three Months |
|
|
| Three Months |
| | | | Ending | | | | Ending | | | | Ending |
|
|
|
|
| August 2014 |
|
|
| July 2014 |
|
|
| June 2014 |
|
US Cash Products
|
|
|
| $0.049 |
|
|
| $0.050 |
|
|
| $0.048 |
| | | | | | | | | | | |
|
Credit Default Swaps (CDS) Transaction and Clearing
-
Through August 29, ICE has cleared $56 trillion in gross notional
value of CDS on a cumulative basis across 1.9 million trades with open
interest of $1.6 trillion. Buy-side clearing of CDS totaled $8.0
trillion since the launch of client clearing at ICE Clear Credit in
December of 2009. ICE lists nearly 500 CDS instruments for clearing. A
complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml.
August 2014 Review
-
A total monthly and average daily volume record was established in the
mini MSCI All Country World Index – Net Total Return futures contracts.
-
A daily
volume record was set in the Long Gilt and Ultra Long Gilt of
1,042,074 and 5,118 contracts, respectively. A daily volume record was
also set in the mini MSCI All Country World Index – Net Total Return
futures and the mini MSCI Europe Index futures of 47,953 and 27,370
contracts, respectively.
-
Open interest records were established in Newcastle Coal and mini MSCI
All Country World Index – Net Total Return futures, as well as Brent
Crude, Heating Oil, Newcastle Coal and Rotterdam Coal options
contracts.
-
ICE acquired technology patents
that cover electronic trading strategies.
-
On August 1st, ICE Benchmark Administration became the administrator
of the ISDAFIX benchmark.
-
ICE declared a quarterly
$0.65 per share dividend payable on September 30, 2014 to
shareholders of record as of September 16, 2014.
Trading days in August 2014:
-
Interest Rates, UK Single Stock: 21
-
Commodities, Other Financials: 21
-
US Cash Equities, US Equity Options: 21
ICE closed the acquisition of NYSE on November 13, 2013. For comparison
purposes NYSE volumes are included for all periods covered.
About Intercontinental Exchange
Intercontinental Exchange (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 and Liffe.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE, New York Stock Exchange and
LIFFE. Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its affiliates
is located at www.intercontinentalexchange.com/terms-of-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.
SOURCE: Intercontinental Exchange
ICE-CORP
Intercontinental Exchange, Inc.
Investor Contact:
Kelly
Loeffler, SVP, Corp. Comm, Marketing and Investor Relations
+1 770
857 4726
kelly.loeffler@theice.com
Source: Intercontinental Exchange, Inc.