Market Overview

Intercontinental Exchange Reports ICE and NYSE Monthly Statistics for June 2015; Energy Daily Volume up 6%, Ags up 13%, Cash Equities up 18% over Prior June

Share:
ATLANTA--(BUSINESS WIRE)--

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today reported June exchange traded volume.

ICE's June 2015 futures and options average daily volume (ADV) declined 1% compared to June 2014.

  • Commodity ADV increased 7% led by Brent, Gasoil, Other Oil, Nat Gas and Sugar up 1%, 14%, 7%, 6% and 9% respectively, from the prior June.
  • Financials ADV declined 8% from the previous June primarily due to continued low volatility in Continental European short-term interest rates, partially offset by single stock equities and equity indices up 21% and 2%, respectively.

ADV for NYSE's U.S. cash equities increased 18%, while U.S. equity options ADV declined 23% over the prior June. NYSE's U.S. cash equities market share was 25.3% and NYSE's U.S. options market share was 18.6%.

 

ICE Futures & Options ADV (contracts in 000s)

   

ADV June
2015

 

ADV June
2014

 

Change
y/y

 

ADV
2Q15

 

ADV
2Q14

 

Change
y/y

COMMODITIES                        
Energy                        
Brent   726   720   1 %   727   643   13 %
Gasoil   243   212   14 %   229   208   10 %
Other Oil (1)   297   276   7 %   317   258   23 %
TOTAL OIL   1,265   1,209   5 %   1,273   1,109   15 %
Natural Gas (2)   810   764   6 %   775   727   7 %
Power (3)   111   87   28 %   118   115   2 %
Emissions & Other (4)   31   32   -2 %   29   35   -16 %
TOTAL ENERGY   2,217   2,091   6 %   2,195   1,987   10 %
Agricultural                        
Sugar (5)   204   188   9 %   188   155   21 %
Other Ags & Metals (6)   216   183   18 %   195   176   10 %
TOTAL AGRICULTURAL & METALS   420   370   13 %   382   331   15 %
TOTAL COMMODITIES   2,638   2,462   7 %   2,577   2,318   11 %
                         
FINANCIALS                        
Interest Rates                        
Short-term Interest Rates (7)   1,504   1,898   -21 %   1,208   1,690   -29 %
Medium & Long-term Interest Rates (8)   187   153   22 %   196   161   22 %
TOTAL INTEREST RATES   1,691   2,051   -18 %   1,403   1,850   -24 %
                         
Equity Indices (9)   515   504   2 %   366   389   -6 %
Single Stock Equities (10)   473   391   21 %   603   776   -22 %
TOTAL EQUITY DERIVATIVES   988   894   10 %   969   1,166   -17 %
                         
TOTAL FX & CREDIT (11)   69   32   120 %   62   23   168 %
TOTAL FINANCIALS   2,748   2,977   -8 %   2,434   3,039   -20 %
TOTAL FUTURES & OPTIONS   5,386   5,439   -1 %   5,011   5,357   -6 %
Note: Figures may not foot due to rounding.
(1)   "Other Oil" includes futurized oil, WTI, Heating Oil, RBOB Gasoline and Middle East Sour Crude, excludes Daily Brent Bullets.
(2) "Natural Gas" includes North American, UK and European Natural Gas.
(3) "Power" includes North American, UK and European Power.
(4) "Emissions & Other" includes emissions, freight, coal, iron ore and uranium.
(5) "Sugar" includes Sugar No. 11, Sugar No. 16 and White Sugar.
(6) "Other Ags & Metals" includes Cocoa ($), Cocoa (£),Coffee "C", Robusta Coffee, Cotton No. 2, Orange Juice, Corn, Feed Wheat, Soybeans, Barley, Canola, Mini Gold and Mini Silver contracts.
(7) "Short-term Interest Rates" includes Euribor, Sterling, Swiss, Eonia, Eurodollar, Short Gilt, European Government Bonds and DTCC GCF Repo Index® contracts.
(8) "Medium & Long-Term Rates" includes Gilt, Swapnotes, Japanese Government Bonds, European Government Bonds, Treasuries and U.S. Government Bonds and Ultrabond contracts.
(9) "Equity Indices" includes FTSE 100®, FTSE 100 Dividend®, price return and net total return versions of MSCI EAFE®, MSCI Emerging Markets®, MSCI Europe®, and MSCI World®, Russell 2000®, Russell 1000®.
(10) "Single Stock Equities" includes equities domiciled in 25 countries that trade in the UK.
(11) "TOTAL FX & CREDIT" includes futures and options for the U.S. Dollar Index, foreign exchange and ERIS CDS credit futures.
 
 

ICE Futures & Options Rolling Three-Month Average Rate per Contract (RPC)

Futures & Options
Products

 

Three Months
Ending
June 2015

 

Three Months
Ending
May 2015

 

Three Months
Ending
April 2015

Energy

  $1.34   $1.35   $1.35
Agricultural & Metals   $2.39   $2.34   $2.37
Total Commodities   $1.50   $1.48   $1.49
Interest Rates   $0.57   $0.57   $0.57
Total Financials   $0.53   $0.53   $0.57
 

RPC is calculated by dividing transaction revenues by contract volume, and may vary based on pricing, customer and product mix. RPC is subject to revision based on final numbers.

 

ICE Futures & Options Open Interest (contracts in 000s)

    June 30, 2015   Dec 31, 2014
Energy   39,276   38,436
Agricultural & Metals   3,460   3,308
Total Commodities   42,736  

41,744

Interest Rates   14,909  

13,042

Total Financials   27,640  

26,332

   
 

U.S. Equity Options (contracts in 000s)

   

ADV June
2015

 

ADV June
2014

 

Change
y/y

 

ADV
2Q15

 

ADV
2Q14

 

Change
y/y

NYSE Equity Options(1)   2,521     3,258     -23 %   2,544     3,443     -26 %
Total U.S. Options Volume   13,564     13,730     -1 %   13,876     14,229     -2 %
NYSE Share of Group Total   18.6 %   23.7 %   -5.1pts   18.3 %   24.2 %   -5.9pts

(1) "NYSE Equity Options" includes NYSE Amex Options and NYSE Arca Options trading in U.S. equity options contracts.

 

NYSE U.S. Equity Options Rolling Three-Month Average Rate per Contract (RPC)

 

 

Three Months
Ending
June 2015

 

Three Months
Ending
May 2015

 

Three Months
Ending
April 2015

NYSE US Equity Options   $0.17   $0.18   $0.18
     
 

NYSE U.S. Cash Products (shares in millions)

   

ADV June
2015

 

ADV June
2014

 

Change
y/y

 

ADV
2Q15

 

ADV
2Q14

 

Change
y/y

NYSE Listed (Tape A) Issues                        
Handled Volume (1)   1,201     1,037     16 %   1,123     1,019     10 %
Matched Volume(2)   1,186     1,017     17 %   1,107     996     11 %
Total NYSE Listed Consolidated Volume   3,413     3,093     10 %   3,385     3,196     6 %
Share of Total Matched Consolidated Volume   34.7 %   32.9 %   1.9pts   32.7 %   31.2 %   1.5pts
                         
NYSE Arca, MKT and Regional (Tape B) Listed Issues                        
Handled Volume (1)   272     201     35 %   264     213     24 %
Matched Volume(2)   260     191     36 %   251     200     25 %
Total NYSE Arca and MKT Listed Consolidated Volume   1,192     851     40 %   1,177     925     27 %
Share of Total Matched Consolidated Volume   21.8 %   22.4 %   -0.6pts   21.3 %   21.7 %   -0.4pts
                         
Nasdaq Listed (Tape C) Issues                        
Handled Volume (1)   209     188     11 %   211     201     5 %
Matched Volume(2)   198     175     13 %   199     187     6 %
Total Nasdaq Listed Consolidated Volume   1,887     1,923     -2 %   1,829     1,973     -7 %
Share of Total Matched Consolidated Volume   10.5 %   9.1 %   1.4pts   10.9 %   9.5 %   1.4pts
                         
TOTAL U.S. Cash Market Share Matched   25.3 %   23.6 %   1.7pts   24.4 %   22.7 %   1.7pts
TOTAL ADV U.S. Cash Shares Handled   1,683     1,426     18 %   1,598     1,433     11 %
(1)   "Handled Volume" represents the total number of shares of equity securities, exchange traded funds (ETFs) and crossing session activity internally matched on NYSE Group's exchanges or routed to and executed on an external market center.
(2) "Matched Volume" represents the total number of shares of equity securities, ETFs and crossing session activity executed on NYSE Group's exchanges.
 
 

NYSE U.S. Cash Rolling Three-Month Revenue Capture

(per 100 shares)

 

 

Three Months
Ending
June 2015

 

Three Months
Ending
May 2015

 

Three Months
Ending
April 2015

U.S. Cash Products   $0.051   $0.051   $0.049
     

Credit Default Swaps (CDS) Transaction and Clearing

  • Second quarter 2015 revenues from ICE's credit default swap (CDS) trade execution, processing and clearing businesses totaled $34 million, including $22 million in CDS clearing revenues, compared to $24 million in CDS clearing revenues in the second quarter 2014.
  • ICE cleared $2.9 trillion in gross notional value of CDS in the second quarter 2015 compared to $3.0 trillion in gross notional cleared in the second quarter 2014.
  • More information can be found at: https://www.theice.com/clear-credit

Trading days in June 2015:

  • Interest Rates, Single Stock Equity Derivatives: 22
  • Commodities, Other Financials: 22
  • US Cash Equities, US Equity Options: 22

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) operates the leading network of regulated exchanges and clearing houses. ICE's futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.

Russell® and the Russell indexes are trademarks and service marks of the Russell Investment Group and are used under license. FTSE® and the FTSE indexes are trademarks and service marks of the London Stock Exchange plc and Financial Times Limited and are used under license. MSCI® and the MSCI indexes are trademarks and service marks of MSCI Inc. or its affiliates and are used under license.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE'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, 2014, as filed with the SEC on February 5, 2015.

SOURCE: Intercontinental Exchange

ICE-CORP

Investor Contact:
Intercontinental Exchange
Kelly Loeffler, +1 770-857-4726
SVP, Corp. Comm, Marketing and Investor Relations
kelly.loeffler@theice.com

View Comments and Join the Discussion!