ATLANTA, July 5, 2011 /PRNewswire/ -- IntercontinentalExchange ICE, a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported activity for June and the second quarter of 2011. ICE's futures average daily volume (ADV) increased 5% in the second quarter of 2011 over the prior year, and grew 24% for the month of June 2011 compared to June 2010. ICE's OTC energy average daily commissions (ADC) were $1.53 million for the second quarter, up 7% from the prior second quarter.

Global Futures Exchanges
ICE operates four regulated futures exchanges: ICE Futures Europe, ICE Futures U.S., ICE Futures Canada and Chicago Climate Futures Exchange (CCFE).

• June 2011 volume across ICE's futures exchanges increased 24% from the prior June, to 36,759,432 contracts.  ICE Futures Europe ADV was 1,123,487 contracts, an increase of 35% over June 2010.  ICE Futures U.S. ADV increased 7% to a record 526,819 contracts.
• Second quarter 2011 ADV for all ICE futures contracts grew 5% from the prior second quarter to 1,465,691 contracts, including ADV of 1,010,785 contracts for ICE Futures Europe.  Total volume across all exchanges increased 5% to 92,338,472 contracts.
• ADV for the first half of 2011 for all ICE futures contracts was 1,530,385 contracts, up 14% over the first half of 2010.

Energy and Credit OTC Transaction Revenues

• Second quarter 2011 ADC for ICE's OTC energy business was $1.53 million, up 7% from the second quarter of 2010, and the second highest ADC on record.
• Revenues from ICE's credit default swap (CDS) trade execution, processing and clearing business totaled $41 million, down 5% from the second quarter of 2010 and up 5% from the first quarter of 2011, and included $17 million in CDS clearing revenues.

June and Second Quarter 2011 Review

• ICE Futures Europe records:
  • ICE Futures Europe established a monthly volume record in June of 24,716,718 contracts.  ICE Brent, Heating Oil, RBOB Gasoline and Emissions futures, as well as Brent and Gas Oil options established volume records for the month.
  • On June 23, the exchange established a daily volume record of 2,093,304 contracts. Daily volume in ICE Brent Crude futures crossed one million contracts for the first time on June 23, with 1,221,190 lots traded, exceeding the May 6, 2011 record of 906,958 contracts. ICE Heating Oil, ECX EUA and CER emissions futures also established daily volume records.
  • Open interest at ICE Futures Europe was a record 3,975,691 contracts on June 30.  Open interest records were established for ICE Brent, Gas Oil and Coal Richard Bay options, as well as ICE RBOB Gasoline, ECX CER and ERU futures contracts.
• ICE Futures U.S. records:
  • ICE Futures U.S. established monthly volume and ADV records of 11,590,012 and 526,819 contracts, respectively.
  • ICE U.S. Dollar Index (USDX) futures established a monthly volume record of 850,244 contracts and a daily volume record of 81,814 contracts on June 9 when the notional value of USDX contracts traded exceeded $6 billion.
  • ICE Cocoa futures established a monthly volume record of 454,217 contracts and a daily volume record of 45,697 contracts on June 7.
• ICE Futures Europe began publishing weekly Commitments of Traders (COT) reports for its global benchmark ICE Brent Crude and ICE Gasoil futures contracts.
• ICE Link introduced the Affirmed=Cleared (A=C) interdealer workflow, which enables same-day CDS clearing, in line with the requirements of the Dodd-Frank Act in the U.S. and the European Market Infrastructure Regulation (EMIR) proposal in Europe.
• ICE launched 10 new foreign exchange futures contracts.
• Through June 24, ICE's CDS clearing houses have cleared $19.5 trillion in gross notional value on a cumulative basis on 549,130 transactions. ICE currently lists 323 CDS contracts for clearing.
  • ICE Trust U.S. has cleared $11.6 trillion of gross notional value since inception, including $951 billion in single-name CDS, resulting in open interest of $724 billion. ICE Trust offers clearing for 40 indexes and 128 single-name instruments.
  • ICE Clear Europe has cleared Euro 5.8 trillion ($7.9 trillion) of gross notional value since inception, including Euro 933 billion in single-name CDS, resulting in Euro 549 billion ($792 billion) of open interest. ICE Clear Europe offers clearing for 34 indexes and 121 single-name instruments.
• Trading days in June 2011:
  • ICE Futures Europe: 22
  • ICE Futures U.S.: 22
  • ICE Futures Canada: 22
  • Chicago Climate Futures Exchange: 22

*ICE acquired CCFE on July 8, 2010. Prior-year amounts do not include CCFE volume and percentage change does not include CCFE prior-year volume.

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 OTC commission data can be found at:
http://ir.theice.com/supplemental.cfm

About IntercontinentalExchange
IntercontinentalExchange ICE is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. 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 Canada, ICE Futures Europe, ICE Futures U.S., ICE Trust, ICE Clear Europe, U.S. Dollar Index, European Climate Exchange (ECX) and Chicago Climate Futures Exchange (CCFE). 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, 2010, as filed with the SEC on February 9, 2011.

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SOURCE IntercontinentalExchange