Loading...
Loading...
IntercontinentalExchange
ICE, a leading operator of global markets and clearing houses, today reported futures volume for June and the second quarter of 2013. ICE's average daily volume (ADV) for futures and options for June 2013 was 3,465,509 contracts, a decrease of 4% from the prior June. Total volume in June 2013 was 69 million contracts. ADV for the second quarter 2013 was 3,544,688 contracts, an increase of 3% from the prior second quarter. All prior period contract volumes have been adjusted to include the transitioned futures contracts, which previously traded in ICE's OTC markets.
Credit Transaction and Clearing Revenues
Second quarter revenues from ICE's credit default swap (CDS) trade execution, processing and clearing business totaled $40 million, compared to $36 million in the prior second quarter, and included $22 million in CDS clearing revenues. ICE has cleared more than $1.5 trillion in CDS gross notional value by buyside participants, of which $1.3 trillion has been cleared since the CFTC clearing mandate went into effect.
Financial Guidance
ICE expects acquisition-related transaction costs for 2Q13 in the range of $8 million to $10 million, relating to the NYSE Euronext transaction, which will be excluded from non-GAAP results.
June 2013 Review
ICE received European Commission approval for its NYSE Euronext acquisition. The completion of the transaction is subject to final approval from the Euronext College of Regulators, the U.S. Securities and Exchange Commission, and other national financial regulators.
ICE Clear Europe completed the clearing transition of NYSE Liffe derivative contracts on July 1.
ICE will announce its second quarter 2013 financial results on Tuesday, August 6.
Monthly volume records were established in Sugar 11 futures, cocoa futures and ICE U.S. Dollar Index futures.
Daily volume records were established in cocoa futures, ICE U.S. Dollar Index futures, Russell 1000 Growth Index futures and coal options.
Agriculture products established monthly and ADV records in June. Additionally, ICE Futures U.S. reported a monthly record in agriculture and financial products combined.
In June, open interest records were set in EUA emission futures and several coal contracts.
ICE Futures Contracts & Markets ADV
Product Line (Futures & Options)
ADV
June
2013
ADV
June
2012
ADV
% Change
ADV
2Q13
ADV
2Q12
ADV
% Change
ICE Brent
609,777
754,616
-19%
696,887
678,136
3%
ICE Gasoil
288,864
254,089
14%
268,736
249,356
8%
ICE Other Oil (1)*
257,954
208,624
24%
251,923
203,270
24%
ICE OIL
1,156,594
1,217,330
-5%
1,217,546
1,130,762
8%
ICE Natural Gas*
1,093,210
1,486,027
-26%
1,285,983
1,484,254
-13%
ICE Power*
535,648
292,630
83%
515,002
321,907
60%
ICE Emissions & Other (2)
49,659
36,080
38%
42,461
34,655
23%
TOTAL ENERGY
2,835,111
3,032,067
-6%
3,060,992
2,971,577
3%
ICE Sugar
218,977
184,298
19%
158,762
152,954
4%
ICE Other Ags (3)
157,293
151,784
4%
142,652
138,319
3%
TOTAL AGRICULTURAL
376,270
336,082
12%
301,414
291,273
3%
ICE Equity Index (4)
194,210
190,354
2%
137,799
157,332
-12%
ICE FX (5)
59,919
43,965
36%
44,483
34,279
30%
TOTAL FINANCIALS
254,128
234,318
8%
182,282
191,612
-5%
TOTAL FUTURES & OPTIONS
3,465,509
3,602,468
-4%
3,544,688
3,454,462
3%
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®, the Continuous Commodity Index, and credit index futures.
(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 2Q Volume
Futures & Options Products
June
2013
June
2012
Volume
%
Change
Volume
2Q13
Volume
2Q12
Volume
%
Change
Energy*
56,702,218
63,673,404
-11%
195,903,493
187,209,355
5%
Agricultural
7,525,396
7,057,731
7%
19,290,489
18,350,187
5%
Financials
5,082,564
4,920,688
3%
11,666,078
12,071,539
-3%
TOTAL CONTRACTS
69,310,178
75,651,823
-8%
226,860,060
217,631,081
4%
*Historical energy volume has been adjusted to include new energy futures contracts.
Rolling Three-Month Average Rate per Contract (RPC)
Futures & Options Products
Three Months
Ending
June 2013
Three Months
Ending
May 2013
Three Months
Ending
Apr 2013
Energy
$1.04
$1.02
$1.04
Agricultural
$2.60
$2.56
$2.61
Financials
$0.96
$1.01
$1.00
ICE Futures & Options Open Interest
June 28, 2013
December 31, 2012
Energy
83,523,104
70,108,837
Agricultural
2,348,705
2,502,583
Financials
463,171
463,058
* OI for ICE Futures Canada is for June 27, 2013.
Through June 28, ICE's CDS clearing houses have cleared $42 trillion in gross notional value on a cumulative basis across 1.35 million trades with open interest of $1.5 trillion. ICE Clear Credit has cleared $25 trillion in CDS resulting in open interest of $826 billion. ICE Clear Europe has cleared €13 trillion ($17 trillion) in CDS resulting in €525 billion ($683 billion) of open interest. ICE lists more than 400 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml
Trading days in June 2013
ICE Futures Europe & U.S: 20
ICE Futures Canada: 20
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, rate per contract and open interest data can be found at: http://ir.theice.com/supplemental.cfm
About IntercontinentalExchange
IntercontinentalExchange
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. 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.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in