01.03.2013
By Terry Flanagan

ICE Reports Record Futures Volume in 2012 on 10% ADV Growth

ATLANTA, Jan. 3, 2013 /PRNewswire/ — IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for December 2012, the fourth quarter of 2012 and the full year 2012. ICE’s December 2012 and fourth quarter of 2012 average daily volume (ADV) increased 1% and declined 1% compared to December 2011 and the fourth quarter of 2011, respectively. Total contract volume in 2012 reached 847 million contracts, up 10% from 2011. All prior period contract volumes have been adjusted to include the converted futures contracts, which previously traded as swaps in ICE’s OTC markets.

Credit Transaction Revenues

  • Fourth quarter revenues from ICE’s credit default swap (CDS) trade execution, processing and clearing business totaled $36 million, compared to $41 million in the prior fourth quarter, and included $19 million in CDS clearing revenues.
  • For 2012, total CDS revenues were $144 million compared to $167 million in 2011.

December 2012 Review

 ICE Futures Contracts & Markets ADV
Product Line (Futures & Options) ADVDec2012 ADVDec2011 ADV% Change ADVFull Year2012 ADVFull Year2011 ADV% Change
ICE Brent 458,839 382,268 20.0 620,373 532,731 16.5
ICE Gasoil 166,763 190,253 -12.3 254,691 262,705 -3.1
ICE Other Oil (1)* 174,037 145,189 19.9 204,965 245,993 -16.7
   ICE OIL 799,639 717,710 11.4 1,080,029 1,041,429 3.7
ICE Natural Gas* 1,030,241 1,324,889 -22.2 1,448,878 1,294,964 11.9
ICE Power* 496,306 269,550 84.1 379,002 248,138 52.7
ICE Emissions & Other (2) 49,127 34,946 40.6 41,876 34,718 20.6
   TOTAL ENERGY 2,375,313 2,347,095 1.2 2,949,786 2,619,250 12.6
ICE Sugar 86,715 72,029 20.4 128,238 124,820 2.7
ICE Other Ags (3) 88,702 75,977 16.7 119,355 107,463 11.1
   TOTAL AGRICULTURAL 175,417 148,006 18.5 247,593 232,283 6.6
ICE Equity Index (4) 136,616 173,092 -21.1 133,564 176,267 -24.2
ICE FX (5) 33,146 32,313 2.6 29,443 36,288 -18.9
   TOTAL FINANCIALS 169,762 205,405 -17.4 163,007 212,555 -23.3
   TOTAL FUTURES & OPTIONS 2,720,492 2,700,506 0.7 3,360,386 3,064,088 9.7

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®, Russell 1000®, and the Continuous Commodity Index.
(5) “ICE FX” includes the U.S. Dollar Index and foreign exchange.
*Historical volume has been adjusted to include transitioned energy futures contracts.

ICE Futures Fourth Quarter ADV and Total Volume
Futures & Options Products ADV4Q12 ADV4Q11 Percent Change Volume4Q12 Volume4Q11 Percent Change
Energy* 2,774,918 2,754,468 0.7 177,594,762 173,531,512 2.3
Agricultural 203,933 179,919 13.3 13,012,880 11,294,551 15.2
Financials 142,155 205,888 -31.0 9,097,919 12,970,916 -29.9
TOTAL CONTRACTS 3,121,006 3,140,275 -0.6 199,705,561 197,796,979 1.0

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

 ICE Futures Monthly and YTD Volume
Futures & Options Products December2012 December2011 Percent Change Full Year2012 Full Year2011 Percent Change
Energy* 47,506,257 49,288,994 -3.6 743,345,947 660,051,036 12.6
Agricultural 3,487,287 3,087,463 12.9 62,353,085 58,478,008 6.6
Financials 3,395,244 4,313,499 -21.3 41,077,838 53,563,960 -23.3
TOTAL CONTRACTS 54,388,788 56,689,956 -4.1 846,776,870 772,093,004 9.7

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

 

Rolling Three-Month Average Rate per Contract (RPC)
Futures & Options Products Three Months Ending December 2012 Three Months Ending November 2012 Three Months Ending October 2012
Energy* $1.07 $1.08 $1.08
Agricultural* $2.47 $2.43 $2.40
Financials $1.00 $1.01 $1.01

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

ICE Futures & Options Open Interest
December 31, 2012 December 31, 2011
Energy* 70,108,837 53,518,772
Agricultural 2,502,583 2,292,279
Financials 463,058 531,162

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

  • Through December 31, ICE’s CDS clearing houses have cleared $36 trillion in gross notional value on a cumulative basis across 1.1 million trades. ICE Clear Credit has cleared $2.1 trillion in single-name CDS resulting in open interest of $842 billion. ICE Clear Europe has cleared €1.6 trillion ($2.1 trillion) in single-name CDS resulting in €568 billion ($750 billion) of open interest. ICE lists 381 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml
  • Trading days in December 2012
    • ICE Futures Europe & U.S: 20
    • 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, 2011, as filed with the SEC on February 8, 2012 and ICE’s Quarterly Reports on Form 10-Q for the quarter ended June 30, 2012, as filed with the SEC on August 1, 2012, and the quarter ended September 30, 2012, as filed with the SEC on November 5, 2012.  

    ICE-CORP

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

  • Related articles