ICE Reports Second Quarter Futures ADV up 3%; Buyside CDS Clearing Surpasses $1.5T

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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.
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