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IntercontinentalExchange Inc : ICE Reports February Futures Volume

03/04/2013 | 08:35am US/Eastern

ATLANTA, March 4, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for February 2013. ICE's average daily volume (ADV) for futures and options was 3,640,377 contracts, a decline of 10% from the prior February. Total contract volume in February 2013 was 69 million. All prior period contract volumes have been adjusted to include the transitioned futures contracts, which previously traded in ICE's OTC markets.

Financial Updates and Guidance

    --  ICE's March 2013 volume press release will be issued on Wednesday, April
        3 rather than on April 2 due to the UK holiday.

February 2013 Review

    --  ICE Clear Credit began clearing for Markit iTraxx Europe CDS indices on
        February 25.
    --  On February 15, the Hart-Scott-Rodino (HSR) Act waiting period expired
        for ICE's transaction with NYSE Euronext.
    --  ICE and Cetip's jointly developed fixed-income trading platform Cetip
        Trader launched on February 25, following a successful beta test and
        regulatory approval.
    --  Monthly and daily volume records were established in ICE Emission EUA
        and RBOB Gasoline futures contracts. Daily volume records were also set
        in ICE Heating Oil and ICE Russell 1000 Growth Index futures.
    --  During February, open interest records were set in Brent Crude futures,
        WTI options, Heating Oil futures, Coal Rotterdam options, Russell 1000
        Growth futures and Dutch TTF Natural Gas options.

                                                                                                                   ICE Futures Contracts & Markets ADV
                                                                                                                   -----------------------------------

    Product Line (Futures & Options)                                                             ADV                             ADV                         ADV             ADV               ADV             ADV

                                                                                                 Feb                             Feb                          %            YTD Feb           YTD Feb            %
                                                                                                                                                             Change                                             Change
                                                                                                             2013                             2012                                      2013              2012
    ---                                                                                                      ----                             ----                                      ----              ----

    ICE Brent                                                                                             686,843                          635,979                    8.0%           681,222           606,238          12.4%
    ---------                                                                                             -------                          -------                    ---            -------           -------          ----

    ICE Gasoil                                                                                            290,438                          275,651                    5.4%           290,043           283,070           2.5%
    ----------                                                                                            -------                          -------                    ---            -------           -------           ---

    ICE Other Oil (1)*                                                                                    276,250                          243,479                   13.5%           268,635           225,527          19.1%
    -----------------                                                                                     -------                          -------                   ----            -------           -------          ----

       ICE OIL                                                                                          1,253,531                        1,155,109                    8.5%         1,239,900         1,114,835          11.2%
       -------                                                                                          ---------                        ---------                    ---          ---------         ---------          ----

    ICE Natural Gas*                                                                                    1,133,136                        1,962,463                  -42.3%         1,224,570         2,076,661         -41.0%
    ---------------                                                                                     ---------                        ---------                  -----          ---------         ---------         -----

    ICE Power*                                                                                            704,528                          438,114                   60.8%           603,623           416,256          45.0%
    ---------                                                                                             -------                          -------                   ----            -------           -------          ----

    ICE Emissions & Other (2)                                                                              57,759                           40,247                   43.5%            51,232            40,116          27.7%
    ------------------------                                                                               ------                           ------                   ----             ------            ------          ----

       TOTAL ENERGY                                                                                     3,148,954                        3,595,934                  -12.4%         3,119,325         3,647,868         -14.5%
       ------------                                                                                     ---------                        ---------                  -----          ---------         ---------         -----

    ICE Sugar                                                                                             177,943                          160,833                   10.6%           153,588           141,067           8.9%
    ---------                                                                                             -------                          -------                   ----            -------           -------           ---

    ICE Other Ags (3)                                                                                     169,678                          139,761                   21.4%           149,553           122,949          21.6%
    ----------------                                                                                      -------                          -------                   ----            -------           -------          ----

       TOTAL AGRICULTURAL                                                                                 347,621                          300,594                   15.6%           303,140           264,016          14.8%
       ------------------                                                                                 -------                          -------                   ----            -------           -------          ----

    ICE Equity Index (4)                                                                                  104,926                          135,336                  -22.5%            97,118           127,702         -23.9%
    -------------------                                                                                   -------                          -------                  -----             ------           -------         -----

    ICE FX (5)                                                                                             38,877                           31,912                   21.8%            35,640            28,865          23.5%
    ---------                                                                                              ------                           ------                   ----             ------            ------          ----

       TOTAL FINANCIALS                                                                                   143,802                          167,248                  -14.0%           132,759           156,567         -15.2%
       ----------------                                                                                   -------                          -------                  -----            -------           -------         -----

       TOTAL FUTURES & OPTIONS                                                                          3,640,377                        4,063,776                  -10.4%         3,555,224         4,068,451         -12.6%
       -----------------------                                                                          ---------                        ---------                  -----          ---------         ---------         -----

    Note: Figures may not foot due to rounding.
    (1) "ICE Other Oil" includes futurized oil contracts, WTI, Heating Oil, RBOB Gasoline and Middle East Sour Crude. Excludes Daily Brent Bullet contracts.
    (2) "ICE Emissions & Other" includes all emissions contracts, freight, coal and iron ore and uranium.
    (3) "ICE Other Ags" includes Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Corn, Wheat, Soybeans, Barley and Canola.
    (4) "ICE Equity Index" includes the Russell 2000(R), Russell 1000(R), and the Continuous Commodity Index.
    (5) "ICE FX" includes futures and options for the U.S. Dollar Index and foreign exchange.
    *Historical volume has been adjusted to include new energy futures contracts.


                                                                                                       ICE Futures Monthly and YTD Volume
                                                                                                       ----------------------------------

                               Futures & Options
                                   Products
                                                    February                           February                      Percent              YTD Feb             YTD Feb             Percent

                                                                    2013                              2012           Change                              2013                2012 Change
    ---                                                             ----                              ----           ------                              ----                ---- ------

    Energy*                                                   59,830,134                        71,918,682                     -16.8%             124,772,980         145,914,709         -14.5%
    ------                                                    ----------                        ----------                     -----              -----------         -----------         -----

    Agricultural                                               6,604,792                         6,011,874                       9.9%              12,149,951          10,584,692          14.8%
    ------------                                               ---------                         ---------                       ---               ----------          ----------          ----

    Financials                                                 2,732,244                         3,344,957                     -18.3%               5,310,347           6,262,674         -15.2%
    ----------                                                 ---------                         ---------                     -----                ---------           ---------         -----

    TOTAL CONTRACTS                                           69,167,170                        81,275,513                     -14.9%             142,233,278         162,762,075         -12.6%
    ---------------                                           ----------                        ----------                     -----              -----------         -----------         -----

    *Historical energy volume has been adjusted to include new energy futures contracts.


                                      Rolling Three-Month Average Rate per Contract (RPC)
                                       --------------------------------------------------

                                             Three Months               Three Months                 Three Months
                                                Ending                     Ending                       Ending
                           Futures & Options                              January 2013
                Products                     February 2013                                          December 2012
                --------                     -------------                                          -------------

    Energy*                                                $1.07                     $1.08                        $1.07
    ------                                                 -----                     -----                        -----

    Agricultural*                                          $2.59                     $2.54                        $2.47
    ------------                                           -----                     -----                        -----

    Financials                                             $1.03                     $1.04                        $1.00
    ----------                                             -----                     -----                        -----

    *Historical energy RPC has been adjusted to include new energy futures contracts and agricultural
     RPC has been adjusted to include Canadian contracts.


                                   ICE Futures & Options Open Interest
                                   -----------------------------------

                                           February 28, 2013           December 31, 2012
                                           -----------------           -----------------

    Energy*                                             77,684,818                  70,108,837
    ------                                              ----------                  ----------

    Agricultural                                         2,434,386                   2,502,583
    ------------                                         ---------                   ---------

    Financials                                             532,896                     463,058
    ----------                                             -------                     -------

    *Historical energy open interest has been updated to include new
     energy futures contracts.

    --  Through February 22, ICE's CDS clearing houses have cleared $38 trillion
        in gross notional value on a cumulative basis across 1.2 million trades.
        ICE Clear Credit has cleared $2.2 trillion in single-name CDS resulting
        in open interest of $742 billion. ICE Clear Europe has cleared EUR1.6
        trillion ($2.2 trillion) in single-name CDS resulting in EUR541 billion
        ($713 billion) of open interest. ICE lists 423 CDS instruments for
        clearing. A complete summary of CDS clearing can be found at:
        https://www.theice.com/clear_credit.jhtml
    --  Trading days in February 2013
        --  ICE Futures Europe & U.S: 19
        --  ICE Futures Canada: 19

Note: As of October 15, 2012, ICE transitioned all of the open interest in OTC cleared energy swaps contracts to futures contracts. All futures volumes in the tables above have been adjusted to treat, on a pro forma basis, the OTC cleared energy swaps contracts as futures contracts for all periods prior to October 2012.

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 exchanges and clearing houses serving the risk management needs of global markets for agricultural, credit, currency, emissions, energy and equity index products. 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 Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Futures U.S., and ICE OTC. 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, 2012, as filed with the SEC on February 6, 2013.

ICE-CORP

(Logo: http://photos.prnewswire.com/prnh/20090727/CL51999LOGO)

SOURCE IntercontinentalExchange

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