Market Overview

Intercontinental Exchange Reports ICE & NYSE Monthly Statistics for August 2015; Energy Daily Volume up 21%, Ags up 37%, Cash Equities up 62% over Prior August

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ATLANTA--(BUSINESS WIRE)--

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

ICE's August 2015 futures and options average daily volume (ADV) increased 11% compared to August 2014.

  • Commodity ADV increased 23% led by Brent, gasoil, other oil, natural gas and sugar ADV up 25%, 28%, 35%, 11% and 27% respectively, from the prior August.
  • Financials ADV declined 4% from the previous August primarily due to low European short-term interest rates, partially offset by a 29% year over year increase in equity index futures due to market volatility.

NYSE's U.S. cash equities and equity options ADV increased 62% and 17%, respectively, over the prior August. NYSE's U.S. cash equities market share was 24.6% and NYSE's U.S. options market share was 20.3%.

ICE Futures & Options ADV (contracts in 000s)

  ADV Aug   ADV Aug   Change   ADV QTD   ADV QTD   Change
    2015   2014   y/y   Aug ‘15   Aug ‘14   y/y
COMMODITIES                        
Energy                        
Brent   824   658   25%   805   744   8%
Gasoil   257   201   28%   251   199   26%
Other Oil (1)   360   266   35%   335   278   20%
TOTAL OIL   1,441   1,125   28%   1,391   1,221   14%
Natural Gas (2)   797   718   11%   792   732   8%
Power (3)   93   80   17%   93   85   10%
Emissions & Other (4)   23   23   1%   28   31   -11%
TOTAL ENERGY   2,354   1,945   21%   2,304   2,069   11%
Agricultural                        
Sugar (5)   143   113   27%   139   115   21%
Other Ags & Metals (6)   218   150   45%   184   149   24%
TOTAL AGRICULTURAL & METALS   361   263   37%   323   264   22%
TOTAL COMMODITIES   2,715   2,208   23%   2,627   2,333   13%
                         
FINANCIALS                        
Interest Rates                        
Short-term Interest Rates (7)   932   1,122   -17%   984   994   -1%
Medium & Long-term Interest Rates (8)   218   222   -2%   185   177   5%
TOTAL INTEREST RATES   1,150   1,343   -14%   1,170   1,171   0%
                         
TOTAL EQUITY INDICES (9)   394   305   29%   341   311   9%
                         
TOTAL FX & CREDIT (10)   57   25   133%   50   22   122%
TOTAL FINANCIALS   1,601   1,673   -4%   1,561   1,505   4%
TOTAL FUTURES & OPTIONS 4,317 3,882 11% 4,188 3,838 9%

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 and ERIS interest rate futures.
(9) "TOTAL EQUITY INDICES" includes FTSE 100®, FTSE 100 Dividend®, price return and net total return versions of MSCI EAFE®, MSCI Emerging Markets®, MSCI Europe®, MSCI World®, Russell 2000® and Russell 1000®.
(10) "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)

  Three Months   Three Months   Three Months
Futures & Options Ending Ending Ending
Products   Aug 2015   July 2015   June 2015
Energy   $1.29   $1.30   $1.32
Agricultural & Metals   $2.37   $2.37   $2.38
Total Commodities   $1.43   $1.44   $1.48
Interest Rates   $0.56   $0.56   $0.56
Total Financials*   $0.68   $0.67   $0.67

*Total Financials now exclude single stock equities for all periods shown. Single stock equities ADV can be found here under Monthly Statistic Trading.

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)

        Aug 31, 2015       Dec 31, 2014
Energy       38,677       38,436
Agricultural & Metals       3,621       3,308
Total Commodities       42,298       41,744
Interest Rates       16,875       13,042
Total Financials*       21,988       17,610

*Total Financials now exclude single stock equities for all periods shown. Single stock equities ADV can be found here under Monthly Statistic Trading.

 

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

  ADV Aug   ADV Aug   Change   ADV QTD   ADV QTD   Change
    2015   2014   y/y   Aug ‘15   Aug ‘14   y/y
NYSE Equity Options(1)   3,610   3,088   17%   3,340   3,346   0%
Total U.S. Options Volume   17,791   13,674   30%   16,599   14,176   17%
NYSE Share of Group Total   20.3%   22.6%   -2.3pts   20.1%   23.6%   -3.5pts

(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       Three Months       Three Months
Ending Ending Ending
        Aug 2015       July 2015       June 2015
NYSE US Equity Options       $0.14       $0.17       $0.17
 

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

  ADV Aug   ADV Aug   Change   ADV QTD   ADV QTD   Change
    2015   2014   y/y   Aug ‘15   Aug ‘14   y/y
NYSE Listed (Tape A) Issues                        
Handled Volume (1)   1,343   867   55%   1,234   904   37%
Matched Volume(2)   1,324   850   56%   1,216   886   37%
Total NYSE Listed Consolidated Volume   4,053   2,787   45%   3,801   2,923   30%
Share of Total Matched Consolidated Volume   32.7%   30.5%   2.2pts   32.0%   30.3%   1.7pts
                         
NYSE Arca, MKT and Regional (Tape B) Listed Issues                        
Handled Volume (1)   404   204   98%   346   204   70%
Matched Volume(2)   384   193   98%   330   193   71%
Total NYSE Arca and MKT Listed Consolidated Volume   1,806   873   107%   1,564   874   79%
Share of Total Matched Consolidated Volume   21.2%   22.2%   -0.9pts   21.1%   22.1%   -1.0pts
                         
Nasdaq Listed (Tape C) Issues                        
Handled Volume (1)   255   168   52%   239   181   32%
Matched Volume(2)   244   158   55%   229   169   35%
Total Nasdaq Listed Consolidated Volume   2,072   1,592   30%   1,960   1,700   15%
Share of Total Matched Consolidated Volume   11.8%   9.9%   1.9pts   11.7%   10.0%   1.7pts
                         
TOTAL U.S. Cash Market Share Matched   24.6%   22.9%   1.7pts   24.2%   22.7%   1.5pts
TOTAL ADV U.S. Cash Shares Handled   2,002   1,239   62%   1,819   1,289   41%
(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       Three Months       Three Months
Ending Ending Ending
        Aug 2015       July 2015       June 2015
U.S. Cash Products       $0.050       $0.052       $0.051
 

Monthly Stats Reporting Update:

To better align our monthly statistics to revenue, single stock equities are no longer included in our ADV, open interest or RPC calculations. You can view our restated historical metrics here under Monthly Statistics Tracking.

Trading days in August 2015:

  • Interest Rates, Equity Indices: 21
  • Commodities, Other Financials: 21
  • U.S. Cash Equities, U.S. Equity Options: 21

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

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

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