ICE Reports February Daily Volumes

ATLANTA--()--IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today reported exchange traded volumes for February 2014.

ICE's February average daily volume (ADV) for global derivatives was 10.7 million contracts, a decrease of 9% compared to February 2013.

  • Commodity futures and options ADV increased 8% driven by continued strength in natural gas, up 18%, and agriculture contract volume, up 29% year to year.
  • Financial futures and options ADV declined 20% driven primarily by a 24% decline in interest rate volumes versus February 2013, when expectations for changes in interest rate levels drove increased Euribor volumes.

In February, NYSE’s U.S. cash equities ADV increased 2% and Euronext’s European cash equities ADV increased 12% from the prior February.

 

   ICE Futures & Options ADV (contracts in 000s)

   

ADV Feb
2014

 

ADV Feb
2013

 

Change
y/y

 

ADV YTD
Feb 2014

 

ADV YTD
Feb 2013

 

Change
y/y

COMMODITIES                        
Energy                        
Brent   601     687     -12 %   632     681     -7 %
Gasoil   231     290     -20 %   239     290     -18 %
Other Oil (1)   250     276     -9 %   256     269     -5 %
TOTAL OIL   1,083     1,254     -14 %   1,127     1,240     -9 %
Natural Gas (2)   1,335     1,133     18 %   1,385     1,225     13 %
Power (3)   851     705     21 %   892     604     48 %
Emissions & Other (4)   59     58     2 %   53     51     3 %
TOTAL ENERGY   3,327     3,149     6 %   3,456     3,119     11 %
Agricultural                        
Sugar (5)   263     188     40 %   205     163     26 %
Other Ags (6)   251     211     19 %   214     189     14 %
TOTAL AGRICULTURAL   514     399     29 %   419     352     19 %
                         
TOTAL METALS (7)   4     9     -60 %   4     8     -53 %
TOTAL COMMODITIES   3,845     3,557     8 %   3,879     3,479     12 %
                         
FINANCIALS                        
Interest Rates                        
Short-term Interest Rates (8)   1,850     2,506     -26 %   1,957     2,701     -28 %
Medium & Long-term Interest Rates (9)   236     254     -7 %   191     214     -10 %
TOTAL INTEREST RATES   2,086     2,760     -24 %   2,149     2,915     -26 %
                         
TOTAL EQUITY INDICES (10)   414     359     15 %   380     359     6 %
                         
TOTAL FX (11)   23     39     -41 %   25     36     -31 %
TOTAL FINANCIALS   2,523     3,159     -20 %   2,554     3,309     -23 %
                         
EQUITY DERIVATIVES                        
US Equity Options                        
NYSE Equity Options (12)   4,001     4,346     -8 %   3,988     4,471     -11 %
Total U.S. Options Volume   16,168     15,399     5 %   16,471     15,496     6 %
NYSE Share of Group Total   25 %   28 %   -3pts   24 %   29 %   -5pts
                         
UK Single Stock Equities (13)   366     677     -46 %   315     808     -61 %
TOTAL EQUITY DERIVATIVES   4,367     5,023     -13 %   4,302     5,279     -19 %
                         
TOTAL FUTURES & OPTIONS   10,735     11,739     -9 %   10,735     12,067     -11 %

 Note: Figures may not foot due to rounding.

 

 

(1)

“Other Oil” includes futurized oil contracts, WTI, Heating Oil, RBOB Gasoline and Middle East Sour Crude. Excludes Daily Brent Bullet contracts.

(2)

“Natural Gas” includes North American, UK and European Natural Gas.

(3)

“Power” includes North American, UK and European Power.

(4)

“Emissions & Other” includes all power contracts, emissions, freight, coal, iron ore and uranium.

(5)

“Sugar” includes Sugar No. 11, Sugar No. 16 and White Sugar.

(6)

“Other Ags” includes Cocoa, Coffee “C”, Coffee 20 Tonne, Cotton No. 2, Orange Juice, Corn, Wheat-Feed, Soybeans, Barley and Canola.

(7)

“TOTAL METALS” includes Mini Gold and Mini Silver.

(8)

“Short-term Interest Rates” includes Euribor, Sterling, Swiss, Eonia, Eurodollar and DTCC GCF Repo contracts.

(9)

“Medium & Long-Term Rates” includes Gilt, Swapnotes Yen, Treasuries, U.S. Bond and Ultrabond contracts.

(10)

“TOTAL 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(® )and Russell 1000(®).

(11)

“TOTAL FX” includes futures and options for the U.S. Dollar Index and foreign exchange.

(12)

“NYSE Equity Options” includes NYSE Amex Options and NYSE Arca Options trading in U.S. equity options contracts.

(13)

“UK Single Stock Equities” includes equities domiciled in 25 countries that trade in the UK.

 

 
Financial Reporting Update
 

ICE now includes Bclear in futures and options volumes, open interest and RPC. For related January 2014 comparisons and all other historical futures, options and cash ADV, rate per contract and open interest, please see our historical monthly volume document here.

Bclear volumes in February 2014 are included in the following: STIR Bclear volumes were 12,088 contracts compared to 66,640 contracts for February 2013. MTIR Bclear volumes were 70,681 contracts compared to 3,401 contracts for February 2013. Equity index Bclear volume was approximately 1.8 million contracts compared to approximately 2 million contracts in February 2013. UK Single Stock Equities Bclear volume was approximately 7 million contracts compared to approximately 13 million contracts in February 2013.

ICE updated its trading day calendar for interest rates and UK single stock equities to ensure ADV in prior periods are comparable. For a complete trading day calendar, please see our website for supplemental information here.

 

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

Futures & Options
Products

 

Three Months
Ending
Feb 2014

 

 

Three Months
Ending
Jan 2014

 

 

Three Months
Ending
Dec 2013

 

Energy   $ 0.95   $ 0.95   $ 0.96
Agricultural   $ 2.27   $ 2.31   $ 2.34
Total Commodities   $ 1.08   $ 1.06   $ 1.07
Interest Rates   $ 0.49   $ 0.49   $ 0.48
Total Financials   $ 0.55   $ 0.54   $ 0.54
Total Equity Derivatives   $ 0.16   $ 0.15   $ 0.15

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

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

            28-Feb-14           31-Dec-13
Energy*           93,404           88,425
Agricultural           3,586           3,368
Total Commodities           96,994           91,797
Interest Rates           23,554           18,101
Total Financials           28,996           23,067

*Energy OI excluding U.S. power contracts for February 2014 and December 2013 were 33,190 and 34,013 contracts, respectively.

ICE Futures & Options Volume (contracts in 000s)

Futures & Options Products   Feb-14   Feb-13  

Vol %
Change

 

YTD
Feb-14

 

YTD
Feb-13

 

Vol %
Change

Commodities   73,056   67,647   8%   155,165   139,283   11%
Financials   50,031   63,027   -21%   106,456   138,714   -23%
Equity Derivatives   83,336   96,114   -13%   172,721   212,779   -19%
TOTAL CONTRACTS   206,424   226,787   -9%   434,341   490,776   -11%
 

U.S. Cash Products (shares in millions)

   

ADV Feb
2014

 

ADV Feb
2013

 

Change
y/y

 

ADV YTD
Feb 2014

 

ADV YTD
Feb 2013

 

Change
y/y

NYSE Listed (Tape A) Issues                        
Handled Volume (1)   1,101     1,123     -2 %   1,074     1,122     -4 %
Matched Volume(2)   1,073     1,078     0 %   1,044     1,077     -3 %
Total NYSE Listed Consolidated Volume   3,701     3,670     1 %   3,669     3,645     1 %
Share of Total Matched Consolidated Volume   29 %   29 %   -     28 %   30 %   -2pts
                         
NYSE Arca, MKT and Regional (Tape B) Issues                        
Handled Volume (1)   269     230     17 %   264     224     18 %
Matched Volume(2)   254     213     19 %   249     206     21 %
Total NYSE Arca, MKT and Listed Consolidated Volume   1,225     1,035     18 %   1,193     991     20 %
Share of Total Matched Consolidated Volume   21 %   21 %   -     21 %   21 %   -  
                         
Nasdaq Listed (Tape C) Issues                        
Handled Volume (1)   217     209     4 %   212     212     0 %
Matched Volume(2)   197     187     5 %   192     189     1 %
Total Nasdaq Listed Consolidated Volume   2,108     1,892     11 %   2,136     1,883     13 %
Share of Total Matched Consolidated Volume   9 %   10 %   -1pt     9 %   10 %   -1pt  
                         
TOTAL U.S. Cash Products Handled   1,587     1,563     2 %   1,551     1,558     -  

(1) “Handled Volume” represents the total number of shares of equity securities, 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.

 

U.S. Cash Monthly Product Revenue Capture

 

  Feb 2014  

Jan 2014

  Dec 2013
U.S. Cash Products   $ 0.049   $ 0.049   $ 0.050
 

Euronext Cash Products and Derivatives (in 000s)

   

ADV Feb
2014

 

ADV Feb
2013

 

ADV %
Change

 

ADV YTD Feb
2014

 

ADV YTD Feb
2013

 

ADV %
Change

 

Euronext Cash Products(1)   1,632   1,458   12%   1,606   1,371   17%
                         
Euronext Derivatives(2)   596   680   -12%   605   647   -6%

(1) Includes Equities, ETFs, Structured products and bonds.

(2) Includes Equity Index products, Single Stock equities, Currencies, Wheat-Milling, Rapeseed, Corn and Barley Malting products.

Credit Derivatives Clearing

  • Through February 28, ICE has cleared $49 trillion in gross notional value on a cumulative basis across 1.6 million trades with open interest of $1.5 trillion. Buy-side clearing of CDS totaled $4.9 trillion since the launch of client clearing at ICE Clear Credit in December of 2009. ICE lists over 400 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml

February 2014 Review

  • ICE Trade Vault Europe processed around 4.5 million trades across energy, agricultural commodities, metals, credit, interest rates and equity derivatives on the first day of trade reporting.
  • ICE declared a quarterly $0.65 per share dividend payable on March 31, 2014 to shareholders of record as of March 17, 2014.
  • Monthly total volume and ADV records were established in ICE Sugar 11 and Coffee futures, and Emissions EUA and Rotterdam Coal options. Monthly ADV records were set in UK Natural Gas futures and WTI options.
  • Short Sterling futures, Canola futures and Dutch TTF Natural Gas futures established daily volume records of 2,055,972 contracts, 71,536 contracts and 20,630 contracts, respectively, during the month of February.
  • Open interest records were established in Low Sulphur Gasoil futures, ICE Cocoa futures, MSCI index futures, UK Natural Gas options, and ICE Newcastle, Richards Bay and Rotterdam Coal options contracts.
  • ICE finalized the acquisition of NYSE Euronext on November 13, 2013. For comparison purposes NYSE Euronext volumes are included for all periods covered.

Trading days in February 2014:

  • Interest Rates, UK Single Stock: 20
  • Commodities, Other Financials: 19
  • US Cash Equities, US Equity Options: 19
  • Euronext Cash Equities, Euronext Derivatives: 20

About IntercontinentalExchange Group, Inc.

IntercontinentalExchange (NYSE: ICE) is the leading network of regulated exchanges and clearing houses for financial and commodity markets. ICE delivers transparent, reliable and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.

Trademarks of ICE and/or its affiliates include IntercontinentalExchange, ICE, ICE block design, NYSE Euronext, NYSE, New York Stock Exchange, LIFFE and Euronext. Information regarding additional trademarks and intellectual property rights of IntercontinentalExchange Group, Inc. and/or its affiliates is located at https://www.theice.com/terms.jhtml and http://www.nyx.com/terms-use.

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, 2013, as filed with the SEC on February 14, 2014.

ICE-CORP

Contacts

IntercontinentalExchange Group, Inc.
Investor & Media Contact:
Kelly Loeffler, 770-857-4726
SVP, Corporate Communications, Marketing & Investor Relations
kelly.loeffler@theice.com

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Contacts

IntercontinentalExchange Group, Inc.
Investor & Media Contact:
Kelly Loeffler, 770-857-4726
SVP, Corporate Communications, Marketing & Investor Relations
kelly.loeffler@theice.com