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Intercontinental Exchange Reports ICE and NYSE Volume for January 2015
[February 04, 2015]

Intercontinental Exchange Reports ICE and NYSE Volume for January 2015


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

ICE's January 2015 average daily volume (ADV) declined 7% compared to January 2014.

  • Commodity ADV increased 7% led by Brent, Gasoil and Other Oil up 42%, 9% and 51%, respectively, from the prior January.
  • Financials ADV declined 22% from the previous January primarily due to continued low Continental European short-term interest rates, partially offset by a 6% increase in equity index ADV.

ADV for NYSE's U.S. cash equities increased 19%, while U.S. equity options ADV declined 26% over the prior January. NYSE's U.S. cash equities market share increased 3 percentage points to 23.9% and NYSE's U.S. options market share was 18.3%.





 

ICE Futures & Options ADV (contracts in 000s)

      ADV Jan       ADV Jan       Change
        2015       2014       y/y
COMMODITIES                        
Energy                        
Brent       941       661       42%
Gasoil       267       245       9%
Other Oil (1)       394       260       51%
TOTAL OIL       1,602       1,167       37%
Natural Gas (2)       1,238       1,430       -13%
Power (3)       120       127       -6%
Emissions & Other (4)       45       48       -6%
TOTAL ENERGY       3,004       2,771       8%
Agricultural                        
Sugar (5)       156       152       3%
Other Ags & Metals (6)       175       185       -5%
TOTAL AGRICULTURAL & METALS       331       337       -2%
TOTAL COMMODITIES       3,335       3,108       7%
                         
FINANCIALS                        
Interest Rates                        
Short-term Interest Rates (7)       1,385       2,055       -33%
Medium & Long-term Interest Rates (8)       184       151       22%
TOTAL INTEREST RATES       1,570       2,206       -29%
                         
Equity Indices (9)       369       349       6%
Single Stock Equities (10)       219       268       -18%
TOTAL EQUITY DERIVATIVES       589       617       -5%
                         
TOTAL FX (11)       51       26       93%
TOTAL FINANCIALS       2,209       2,849       -22%
TOTAL FUTURES & OPTIONS       5,545       5,957       -7%

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 (£),Coffee "C", Robusta Coffee, Cotton No. 2, Orange (News - Alert) 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" includes futures and options for the U.S. Dollar Index and foreign exchange.
                 
 

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

Three Months Three Months Three Months
Futures & Options Ending Ending Ending
Products       Jan 2015       Dec 2014       Nov 2014
Energy       $1.31       $1.31       $1.30
Agricultural & Metals       $2.37       $2.36       $2.41
Total Commodities       $1.40       $1.41       $1.42
Interest Rates       $0.64       $0.67       $0.67
Total Financials       $0.67       $0.67       $0.67

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)

        Jan 31, 2015       Dec 31, 2014
Energy       40,946       38,436
Agricultural & Metals       3,631       3,308
Total Commodities       44,577       41,744
Interest Rates       15,005       13,042
Total Financials       29,284       26,385
 
 

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

      ADV Jan       ADV Jan       Change
        2015       2014       y/y
NYSE Equity Options(1)       2,942       3,976       -26%
Total U.S. Options Volume       16,034       16,745       -4%
NYSE Share of Group Total       18.3%       23.7%       -5.4pts
(1)   "NYSE Equity Options" includes NYSE Amex Options and NYSE Arca (News - Alert) 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
        Jan 2015       Dec 2014       Nov 2014
NYSE US Equity Options       $0.17       $0.16       $0.16
 
 

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

      ADV Jan       ADV Jan       Change
        2015       2014       y/y
NYSE Listed (Tape A) Issues                        
Handled Volume (1)       1,220       1,050       16%
Matched Volume(2)       1,195       1,019       17%
Total NYSE Listed Consolidated Volume       3,890       3,640       7%
Share of Total Matched Consolidated Volume       30.7%       28.0%       2.7pts
                         
NYSE Arca, MKT and Regional (Tape B) Listed Issues                        
Handled Volume (1)       368       260       42%
Matched Volume(2)       350       244       44%
Total NYSE Arca and MKT Listed Consolidated Volume       1,483       1,163       27%
Share of Total Matched Consolidated Volume       23.6%       21.0%       2.6pts
                         
Nasdaq Listed (Tape C) Issues                        
Handled Volume (1)       219       209       5%
Matched Volume(2)       205       187       10%
Total Nasdaq Listed Consolidated Volume       1,941       2,160       -10%
Share of Total Matched Consolidated Volume       10.6%       8.6%       1.9pts
                         
TOTAL U.S. Cash Market Share Matched       23.9%       20.8%       3.1pts
TOTAL ADV U.S. Cash Shares Handled       1,807       1,518       19%
(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
        Jan 2015       Dec 2014       Nov 2014
U.S. Cash Products       $0.051       $0.051       $0.050
 
 

Credit Default Swaps (CDS) Transaction and Clearing

  • Through January 31, ICE has cleared $62 trillion in gross notional value of CDS on a cumulative basis across 2.2 million trades with open interest of $1.5 trillion. Buy-side clearing of CDS totaled $11.5 trillion since the launch of client clearing at ICE Clear Credit in December of 2009. ICE lists over 500 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear-credit.

January 2015 Business Review

Trading days in January 2015:

  • Interest Rates, Single Stock Equity Derivatives: 21
  • Commodities, Other Financials: 20
  • US Cash Equities, US Equity Options: 20

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 and ICE Futures.

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 (News - Alert) 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 (News - Alert)) 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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