ATLANTA, July 2 /PRNewswire-FirstCall/ -- IntercontinentalExchange(R) (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported June and second quarter 2009 futures volume and OTC commissions. ICE(R) operates three regulated futures exchanges: ICE Futures Europe(R), ICE Futures U.S.(R) and ICE Futures Canada(R), in addition to global OTC markets for energy and credit derivatives.
- Across ICE's three futures exchanges, June average daily volume (ADV) was a record 1,088,525 contracts, an increase of 14% from June 2008. In the second quarter of 2009, ADV for ICE futures contracts was a record 1,026,900, 14% higher than the same period in 2008.
- At ICE Futures Europe, June ADV increased 2% year-over-year, to 628,829 contracts. For the second quarter of 2009, ADV was 606,289 contracts, roughly flat compared to the second quarter of 2008.
- At ICE Futures U.S., ADV was a record 444,457 contracts in June, an increase of 36% from June 2008. In the second quarter, ADV was 404,686, an increase of 47% from the same period in 2008.
- Year-to-date through June 30, 2009, ADV for contracts at ICE's three futures exchanges was 1,016,149, 7% higher than the first half of 2008. ADV for ICE Futures Europe and ICE Futures U.S. increased 1% and 18%, respectively, compared to the first half of 2008.
- Average daily commissions for ICE's OTC energy business were $1.1 million in the second quarter of 2009, a decrease of 8% over the same period in 2008.
- Revenues from ICE's OTC credit default swaps (CDS) execution, processing and clearing were $44 million during the second quarter of 2009, up 16% over the first quarter of 2009.
- ICE Trust(TM) has cleared $1.3 trillion notional in CDS indexes since the clearing house launched in March 2009. ICE Trust is ICE's clearing house for North American CDS markets.
European Futures Volume and RPC
ICE Futures Europe is ICE's London-based energy futures exchange. For the month of June, ICE Futures Europe reported monthly volume of 13.8 million contracts, an increase of 7% from 13.0 million contracts in June 2008. ADV in June 2009 was 628,829 contracts, up 2% from 617,990 the previous June. In the second quarter of 2009, ADV at ICE Futures Europe was 606,289 contracts, compared to 610,187 contracts in the second quarter of 2008.
Rate per contract (RPC) for the second quarter of 2009 was $1.61. RPC averaged $1.61 for each of the three-month periods ended May and April. RPC is calculated by dividing transaction revenues by contract volume, and can vary based on pricing, customer and product mix.
Open interest for ICE Futures Europe was 2,641,296 contracts as of June 30, 2009, compared to 2,102,574 contracts on December 31, 2008.
North American Futures Volume and RPC
ICE's agricultural, soft commodity, financial and index futures trade on ICE's U.S. and Canadian futures exchanges. Total volume at ICE Futures U.S. was a record 9.8 million contracts in June, 43% higher than 6.8 million contracts in June 2008. ADV was 444,457 contracts, up 36% from 325,931 in June 2008. For the second quarter of 2009, ADV was 404,686 contracts, an increase of 47% from 274,420 in the second quarter of 2008.
RPC for ICE Futures U.S. agricultural futures and options was $2.16 for the second quarter of 2009. RPC averaged $2.23 and $2.33 for the three months ended May and April, respectively. RPC for ICE Futures U.S. financial futures and options contracts averaged $0.84 for the second quarter of 2009, compared to average RPC of $0.77 for each of the three-month periods ended May and April.
On June 30, 2009, open interest for ICE Futures U.S. was 2,712,195 contracts, compared to 3,028,877 contracts on December 31, 2008.
ICE Futures Canada recorded June 2009 volume of 335,265 contracts, up 10% from 304,815 in June 2008. ADV was 15,239 contracts, 5% higher than June 2008.
