IntercontinentalExchange Group (NYSE:ICE), the leading global network of exchanges and clearing houses, today reported increases in daily futures volume for December 2013, the fourth quarter of 2013 and the full year of 2013. ICE's December 2013 and fourth quarter of 2013 average daily volume (ADV) increased 16% and 6% compared to December 2012 and the fourth quarter of 2012, respectively. Total contract volume in 2013 reached a record 852 million contracts, up 1% from 2012.

Financial Update

  • For the fourth quarter of 2013, ICE will report one consolidated segment. Euronext will be reported as a separate segment beginning in 1Q14.
  • ICE expects it will classify certain of NYXT's business lines to discontinued operations in the company's financial statements beginning in 1Q14.
  • Beginning with the January volumes release, ICE volumes will include the legacy NYSE Euronext businesses and will be distributed on the third business day of the month.
  • ICE will report fourth quarter and full year 2013 results on February 11.
                                       

ICE Futures Contracts & Markets ADV

 
Product Line (Futures & Options)       ADV Dec 2013       ADV Dec 2012       ADV % Change       ADV Full Year 2013       ADV Full Year 2012       ADV % Change
ICE Brent       502,972       458,839       10%       669,812       620,373       8%
ICE Gasoil       158,126       166,763       -5%       256,427       254,691       1%
ICE Other Oil (1)       218,047       174,037       25%       255,001       204,965       24%
ICE OIL       879,145       799,639       10%       1,181,240       1,080,029       9%
ICE Natural Gas (2)       1,380,942       1,030,241       34%       1,194,199       1,448,878       -18%
ICE Power (3)       512,846       496,306       3%       548,976       379,002       45%
ICE Emissions & Other (4)       37,009       49,127       -25%       41,140       41,876       -2%
TOTAL ENERGY       2,809,942       2,375,313       18%       2,965,555       2,949,786       1%
ICE Sugar       95,982       86,715       11%       138,477       128,238       8%
ICE Other Ags (5)       97,280       88,702       10%       124,534       119,355       4%
TOTAL AGRICULTURAL       193,262       175,417       10%       263,011       247,593       6%
ICE Equity Index (6)       126,371       136,616       -7%       117,260       133,564       -12%
ICE FX (7)       29,110       33,146       -12%       36,013       29,443       22%
TOTAL FINANCIALS       155,481       169,762       -8%       153,273       163,007       -6%
TOTAL FUTURES & OPTIONS       3,158,685       2,720,492       16%       3,381,839       3,360,386       1%
Note: Figures may not foot due to rounding.

(1) "ICE Other Oil" includes Global Oil Products, WTI, Heating Oil, RBOB Gasoline and Middle East Sour Crude. Excludes Daily Brent Bullet contracts.

 
(2) "ICE Natural Gas" includes North American, UK and European Natural Gas.
(3) "ICE Power" includes North American, UK and European Power.
(4) "ICE Emissions & Other" includes all emissions contracts, Freight, Coal and Iron Ore and Uranium.
(5) "ICE Other Ags" includes Cocoa, Coffee "C", Cotton No. 2, Orange Juice, Corn, Wheat, Soybeans, Barley and Canola.
 
(6) "ICE Equity Index" includes the Russell 2000(®), Russell 1000(®), and the credit index futures contracts.
(7) "ICE FX" includes futures and options for the U.S. Dollar Index and foreign exchange.
 
                                     

ICE Futures Monthly and YTD Volume

 
Futures & Options Products     Dec-13       Dec-12       Percent Change       Full Year 2013       Full Year 2012       Percent Change
Energy     59,008,772       47,506,257       24%       747,319,866       743,345,947       1%
Agricultural     4,021,833       3,487,287       15%       66,233,149       62,353,085       6%
Financials     3,265,110       3,395,244       -4%       38,624,788       41,077,838       -6%
TOTAL CONTRACTS     66,295,715       54,388,788       22%       852,177,803       846,776,870       1%
                                     

ICE Futures Fourth Quarter 2013 ADV and Volume

 
Futures & Options Products     4Q13 ADV       4Q12 ADV       Percent Change       4Q13 Volume       4Q12 Volume       Percent Change
Energy     2,940,832       2,774,918       6%       188,213,227       177,594,762       6%
Agricultural     223,257       203,933       9%       14,227,330       13,012,880       9%
Financials     134,398       142,155       -5%       8,601,466       9,097,919       -5%
TOTAL CONTRACTS     3,298,487       3,121,006       6%       211,042,023       199,705,561       6%
                   

Rolling Three-Month Average Rate per Contract (RPC)

 

Futures & Options Products

     Three Months

Ending

December 2013

       Three Months

Ending

November 2013

       Three Months

Ending

October 2013

Energy     $0.96       $1.01       $1.02
Agricultural     $2.52       $2.54       $2.53
Financials     $0.97       $0.99       $0.98
               

ICE Futures & Options Open Interest

 
       

December 31, 2013

      

December 31, 2012

Energy*       88,424,946       70,108,837
Agricultural       2,607,902       2,502,583
Financials       412,943       463,058

*Energy OI excluding power contracts at the end of December 2013 and December 2012 were 34.0 million and 36.1 million, respectively.

Credit Derivatives Transaction and Clearing

  • Fourth quarter revenues from ICE's credit default swap (CDS) trade execution, processing and clearing business totaled $33 million, compared to $36 million in the prior fourth quarter, and included $19 million in CDS clearing revenues.
  • For 2013, total CDS revenues were $145 million compared to $144 million in 2012.
  • Through December 31, ICE has cleared $47 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 $3.9 trillion since the launch of client clearing at ICE Clear Credit in December of 2009. ICE lists approximately 400 CDS instruments for clearing. A complete summary of CDS clearing can be found at: https://www.theice.com/clear_credit.jhtml

December and Year End 2013 Review

  • ICE announced achievements for the year across markets, products and clearing services including NYSE's leadership in global listings for total IPOs, technology IPOs and total capital raised.
  • NYSE Group equities market share was approximately 30% in 2013, representing 47% of all volume that traded on registered exchanges, and the options market share was approximately 27%.
  • ICE Brent futures, options and related derivatives instruments were successfully transitioned to a new, month-ahead expiry calendar to better align with the underlying North Sea physical oil market.
  • ICE announced plans to centralize its global interest rate offering in London with the intended move of Liffe US interest rate contracts to trade on ICE Futures Europe, to clear at ICE Clear Europe and be reported to ICE Trade Vault Europe.
  • Monthly total volume and ADV records were established in Canola futures and Newcastle Coal options. A daily volume record was set in Dutch TTF Natural Gas futures.
  • Open interest records were established in Emissions EUA futures, Low Sulphur Gasoil futures, Sugar No. 16 futures, South China Coal and CSX Coal futures and Richard Bay and Newcastle Coal options.
  • Trading days in December 2013
    • ICE Futures Europe & U.S: 21
    • ICE Futures Canada: 20

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

Historical futures volume, rate per contract and open interest data can be found at: http://ir.theice.com/supplemental.cfm

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, 2012, as filed with the SEC on February 6, 2013.

ICE-CORP

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