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Intercontinental Exchange Reports ICE and NYSE Volume for August

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Intercontinental Exchange, Inc. (NYSE:ICE) , the leading global network of exchanges and clearing houses, today reported exchange traded volumes for August 2014.

ICE’s August average daily volume (ADV) for futures and options was 4.4 million contracts, down 11% compared to August 2013.

  • Commodity ADV declined 13% year to year, with energy ADV down 13%, offset by Other Oil ADV which increased 6%.
  • Financials ADV declined 9% over the prior August due to continued low volatility in European short-term interest rates. ADV for medium and long-term interest rate contracts increased 15%, and equity index and single stock ADV rose 14% and 45%, respectively, over the prior August.

In August, NYSE’s U.S. cash equities and options ADV declined 7% and 8%, respectively, year to year.

  • U.S. cash equities market share was 22.9% and U.S. options market share was 22.6%.

ICE Futures & Options ADV (contracts in 000s)

ADV Aug ADV Aug Change ADV YTD ADV YTD Change
2014 2013 y/y Aug ’14 Aug ’13 y/y
COMMODITIES
Energy
Brent 658 663 -1% 663 686 -3%
Gasoil 201 235 -14% 214 268 -20%
Other Oil (1) 266 251 6% 263 260 1%
TOTAL OIL 1,125 1,149 -2% 1,140 1,214 -6%
Natural Gas (2) 718 965 -26% 891 1,226 -27%
Power (3) 80 95 -16% 113 131 -14%
Emissions & Other (4) 23 21 9% 41 41 1%
TOTAL ENERGY 1,945 2,230 -13% 2,185 2,611 -16%
Agricultural
Sugar (5) 113 122 -7% 156 149 5%
Other Ags & Metals (6) 150 173 -13% 180 184 -2%
TOTAL AGRICULTURAL & METALS 263 295 -11% 336 333 1%
TOTAL COMMODITIES 2,208 2,524 -13% 2,521 2,944 -14%
FINANCIALS
Interest Rates
Short-term Interest Rates (7) 1,122 1,558 -28% 1,580 2,262 -30%
Medium & Long-term Interest Rates (8) 222 193 15% 174 184 -6%
TOTAL INTEREST RATES 1,343 1,751 -23% 1,753 2,447 -28%
TOTAL EQUITY DERIVATIVES (9) 837 633 32% 967 1,048 -8%
TOTAL FX (10) 25 34 -28% 24 40 -40%
TOTAL FINANCIALS 2,205 2,418 -9% 2,745 3,535 -22%
TOTAL FUTURES & OPTIONS 4,413 4,943 -11% 5,266 6,479 -19%

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 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 emissions contracts, 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 (lb),Coffee “C”, Robusta Coffee, Cotton No. 2, Orange Juice, Corn, Wheat-Feed, 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 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) “TOTAL EQUITY DERIVATIVES” 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(R) , Russell 1000(R) and Single Stock Equities which includes equities domiciled in 25 countries that trade in the UK.
(10) “TOTAL FX” includes futures and options for the U.S. Dollar Index and foreign exchange.

Financial and Reporting Update

  • Monthly CDS gross notional cleared is provided in ICE’s Volume and CDS Tracking report on the Supplemental Volume page in the Investor section of the website.

ICE Futures & Options Rolling Three-Month Average Rate per Contract (RPC(1))

Three Months Three Months Three Months
Futures & Options Ending Ending Ending
Products August 2014 July 2014 June 2014
Energy $1.36 $1.36 $1.37
Agricultural & Metals $2.50 $2.43 $2.41
Total Commodities $1.50 $1.50 $1.52
Interest Rates $0.67 $0.66 $0.65
Total Financials $0.62 $0.59 $0.56
(1) 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)

August 29, 2014 Dec 31, 2013
Energy 37,846 41,470
Agricultural & Metals 3,646 3,372
Total Commodities 41,492 44,842
Interest Rates 21,353 18,101
Total Financials 37,573 30,385

ICE Futures & Options Monthly and YTD Volume (contracts in 000s)

Vol % YTD YTD Vol %
Futures & Options Products August-14 August-13 Change August ’14 August ’13 Change
Commodities 46,373 55,514 -16% 421,062 494,735 -15%
Financials 46,297 53,203 -13% 465,350 603,953 -23%
TOTAL CONTRACTS 92,670 108,717 -15% 886,412 1,098,688 -19%

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

ADV Aug ADV Aug Change ADV YTD ADV YTD Change
2014 2013 y/y Aug ’14 Aug ’13 y/y
NYSE Equity Options(1) 3,088 3,347 -8% 3,575 4,083 -12%
Total U.S. Options Volume 13,674 13,237 3% 14,889 14,889 0%
NYSE Share of Group Total 22.6% 25.3% -2.7pts 24.0% 27.4% -3.4pts

(1)

“NYSE Equity Options” includes NYSE Amex Options and NYSE Arca Options markets for U.S. equity options contracts.

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

Three Months

Ending

August 2014

Three Months

Ending

July 2014

Three Months

Ending

June 2014

US Equity Options $0.15 $0.15 $0.15

U.S. Cash Products (shares in millions)

ADV Aug ADV Aug Change ADV YTD ADV YTD Change
2014 2013 y/y Aug ’14 Aug ’13 y/y
NYSE Listed (Tape A) Issues
Handled Volume (1) 867 945 -8% 1,012 1,093 -7%
Matched Volume(2) 850 913 -7% 988 1,053 -6%
Total NYSE Listed Consolidated Volume 2,787 2,971 -6% 3,273 3,452 -5%
Share of Total Matched Consolidated Volume 30.5% 30.7% -0.2pts 30.2% 30.5% -0.3pts
NYSE Arca, MKT and Regional (Tape B) Listed Issues
Handled Volume (1) 205 232 -12% 233 250 -7%
Matched Volume(2) 194 214 -9% 220 230 -4%
Total NYSE Arca and MKT Listed Consolidated Volume 874 1,008 -13% 1,015 1,094 -7%
Share of Total Matched Consolidated Volume 22.2% 21.3% +0.9pts 21.7% 21.0% +0.7pts
Nasdaq Listed (Tape C) Issues
Handled Volume (1) 167 162 3% 200 186 7%
Matched Volume(2) 157 145 8% 184 167 10%
Total Nasdaq Listed Consolidated Volume 1,591 1,508 6% 1,973 1,740 13%
Share of Total Matched Consolidated Volume 9.9% 9.6% +0.3pts 9.3% 9.6% -0.3pts
TOTAL US Cash Market Share Matched 22.9% 23.2% -0.3pts 22.2% 23.1% -0.9pts
TOTAL ADV U.S. Cash Shares Handled 1,239 1,339 -7% 1,445 1,529 -6%
(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.

U.S. Cash Rolling Three-Month Revenue Capture

(per 100 shares)

Three Months Three Months Three Months
Ending Ending Ending
August 2014 July 2014 June 2014
US Cash Products $0.049 $0.050 $0.048

Credit Default Swaps (CDS) Transaction and Clearing

  • Through August 29, ICE has cleared $56 trillion in gross notional value of CDS on a cumulative basis across 1.9 million trades with open interest of $1.6 trillion. Buy-side clearing of CDS totaled $8.0 trillion since the launch of client clearing at ICE Clear Credit in December of 2009. ICE lists nearly 500 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml.

August 2014 Review

  • A total monthly and average daily volume record was established in the mini MSCI All Country World Index – Net Total Return futures contracts.
  • A daily volume record was set in the Long Gilt and Ultra Long Gilt of 1,042,074 and 5,118 contracts, respectively. A daily volume record was also set in the mini MSCI All Country World Index – Net Total Return futures and the mini MSCI Europe Index futures of 47,953 and 27,370 contracts, respectively.
  • Open interest records were established in Newcastle Coal and mini MSCI All Country World Index – Net Total Return futures, as well as Brent Crude, Heating Oil, Newcastle Coal and Rotterdam Coal options contracts.
  • ICE acquired technology patents that cover electronic trading strategies.
  • On August 1st, ICE Benchmark Administration became the administrator of the ISDAFIX benchmark.
  • ICE declared a quarterly $0.65 per share dividend payable on September 30, 2014 to shareholders of record as of September 16, 2014.

Trading days in August 2014:

  • Interest Rates, UK Single Stock: 21
  • Commodities, Other Financials: 21
  • US Cash Equities, US Equity Options: 21

ICE closed the acquisition of NYSE on November 13, 2013. For comparison purposes NYSE volumes are included for all periods covered.

About Intercontinental Exchange

Intercontinental Exchange (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 and Liffe.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE, New York Stock Exchange and LIFFE. 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.

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.

SOURCE: Intercontinental Exchange

ICE-CORP

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