January 6, 2016 - 8:30 AM EST
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Intercontinental Exchange Reports ICE & NYSE December Statistics

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

ICE’s December 2015 futures and options average daily volume (ADV) increased 17% compared to December 2014.

  • Commodity ADV increased 8% led by Brent, gasoil, other oil, natural gas and sugar ADV up 9%, 44%, 4%, 1% and 25%, respectively, year to year.
  • Financials ADV increased 30% year to year primarily due to higher volatility in the European short-term interest rate markets.

NYSE’s cash equities ADV increased 2%, while NYSE’s equity options ADV decreased 15% in December 2015 compared to the prior December. NYSE’s cash equities market share was 24.3% and NYSE’s options market share was 19.5% for December 2015.

For the fourth quarter, ICE’s futures and options ADV increased 8% and NYSE’s cash equities ADV increased 1%, while NYSE’s equity options ADV declined 17% over the prior fourth quarter.

           

ICE Futures & Options ADV (contracts in 000s)

ADV Dec ADV Dec Change ADV ADV Change
    2015   2014   y/y   4Q15   4Q14   y/y
COMMODITIES                        
Energy                        
Brent (1)   731   671   9%   739   754   -2%
Gasoil (2)   239   165   44%   259   208   25%
Other Oil (3)   297   286   4%   321   298   8%
TOTAL OIL   1,266   1,123   13%   1,319   1,260   5%
Natural Gas (4)   952   939   1%   964   1,052   -8%
Power (5)   108   115   -6%   112   108   3%
Emissions & Other (6)   42   34   23%   38   37   3%
TOTAL ENERGY   2,368   2,212   7%   2,432   2,457   -1%
Agricultural                        
Sugar (7)   104   83   25%   142   93   52%
Other Ags & Metals (8)   145   126   15%   187   159   17%
TOTAL AGRICULTURAL & METALS   249   210   19%   329   252   30%
TOTAL COMMODITIES   2,618   2,421   8%   2,761   2,709   2%
                         
FINANCIALS                        
Interest Rates                        
Short-term Interest Rates (9)   1,361   870   56%   1,443   1,056   37%
Medium & Long-term Interest Rates (10)   145   142   2%   177   190   -7%
TOTAL INTEREST RATES   1,505   1,012   49%   1,620   1,246   30%
                         
TOTAL EQUITY INDICES (11)   555   550   1%   402   447   -10%
                         
TOTAL FX & CREDIT (12)   47   53   -11%   38   46   -18%
TOTAL FINANCIALS   2,107   1,615   30%   2,061   1,739   18%
TOTAL FUTURES & OPTIONS   4,724   4,036   17%   4,822   4,448   8%
Note: Figures may not foot due to rounding.
(1) “Brent” includes the standard size contracts at ICE Futures Europe, as well as mini Brent contracts on ICE Futures Singapore, which are converted to standard ICE Futures Europe equivalent contracts (mini Brent contracts are divided by 10).
(2) “Gasoil” includes the standard size contracts at ICE Futures Europe, as well as mini Gasoil contracts on ICE Futures Singapore, which are converted to standard ICE Futures Europe equivalent contracts (mini Gasoil contracts are divided by 10).
(3) “Other Oil” includes futurized oil, WTI, Heating Oil, RBOB Gasoline and Middle East Sour Crude, excludes Daily Brent Bullets.
(4) “Natural Gas” includes North American, UK and European Natural Gas.
(5) “Power” includes North American, UK and European Power.
(6) “Emissions & Other” includes emissions, freight, coal, iron ore and uranium.
(7) “Sugar” includes Sugar No. 11, Sugar No. 16 and White Sugar.
(8) “Other Ags & Metals” includes Cocoa ($), Cocoa (£),Coffee “C”, Robusta Coffee, Cotton No. 2, Orange Juice, Corn, Feed Wheat, Soybeans, Barley, Canola, Mini Silver and Mini Gold contracts.
(9) “Short-term Interest Rates” includes Euribor®, Sterling, Swiss, Eonia, Eurodollar, Short Gilt, European Government Bonds and DTCC GCF Repo Index® contracts.
(10) “Medium & Long-Term Rates” includes Gilt, Swapnotes, Japanese Government Bonds, European Government Bonds, Treasuries and U.S. Government Bonds and Ultrabond contracts and ERIS interest rate futures.
(11) “TOTAL EQUITY INDICES” includes FTSE 100®, FTSE 100 Dividend®, price return and net total return versions of MSCI EAFE®, MSCI Emerging Markets®, MSCI Europe®, MSCI World®, Russell 2000® and Russell 1000®.
(12) “TOTAL FX & CREDIT” includes futures and options for the U.S. Dollar Index, foreign exchange and ERIS credit futures.
     

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

Three Months Three Months Three Months

Futures & Options

Ending Ending Ending

Products

  Dec 2015   Nov 2015   Oct 2015
Energy  

$1.30

  $1.31   $1.29
Agricultural & Metals   $2.25   $2.28   $2.28
Total Commodities  

$1.42

  $1.44   $1.43
Interest Rates   $0.54   $0.53   $0.54
Total Financials  

$0.65

  $0.66   $0.68

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)

    Dec 31, 2015   Dec 31, 2014
Energy   36,333   38,436
Agricultural & Metals   3,878   3,308
Total Commodities   40,211   41,744
Interest Rates   19,143   13,042
Total Financials   23,453   17,610
           

NYSE Equity Options (contracts in 000s)

ADV Dec ADV Dec Change ADV ADV Change
    2015   2014   y/y   4Q15   4Q14   y/y
NYSE Equity Options(1)   2,711   3,194   -15%   2,946   3,553   -17%
Total U.S. Options Volume   13,905   14,460   -4%   14,436   16,015   -10%
NYSE Share of Group Total   19.5%   22.1%   -2.6pts   20.4%   22.2%   -1.8pts

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

     

NYSE Equity Options Rolling Three-Month Average Rate per Contract (RPC)

Three Months Three Months Three Months
Ending Ending Ending
    Dec 2015   Nov 2015   Oct 2015
NYSE Equity Options   $0.14   $0.14   $0.13
           

NYSE Cash Products (shares in millions)

ADV Dec ADV Dec Change ADV ADV Change
    2015   2014   y/y   4Q15   4Q14   y/y
NYSE Listed (Tape A) Issues                        
Handled Volume (1)   1,243   1,216   2%   1,239   1,200   3%
Matched Volume(2)   1,227   1,192   3%   1,222   1,175   4%
Total NYSE Listed Consolidated Volume   3,828   3,719   3%   3,859   3,754   3%
Share of Total Matched Consolidated Volume   32.1%   32.1%   0.0pts   31.7%   31.3%   0.4pts
                         
NYSE Arca, MKT and Regional (Tape B) Listed Issues                        
Handled Volume (1)   344   338   2%   311   335   -7%
Matched Volume(2)   330   323   2%   298   318   -6%
Total NYSE Arca and MKT Listed Consolidated Volume   1,499   1,389   8%   1,332   1,353   -2%
Share of Total Matched Consolidated Volume   22.0%   23.2%   -1.2pts   22.4%   23.5%   -1.2pts
                         
Nasdaq Listed (Tape C) Issues                        
Handled Volume (1)   198   188   6%   210   209   0%
Matched Volume(2)   188   176   7%   199   195   2%
Total Nasdaq Listed Consolidated Volume   1,849   1,808   2%   1,876   1,922   -2%
Share of Total Matched Consolidated Volume   10.2%   9.7%   0.4pts   10.6%   10.2%   0.5pts
                         
TOTAL NYSE Cash Market Share Matched   24.3%   24.4%   -0.1pts   24.3%   24.0%   0.3pts
TOTAL NYSE ADV Cash Shares Handled   1,785   1,743   2%   1,759   1,743   1%
(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 Cash Rolling Three-Month Revenue Capture

(per 100 shares)

Three Months Three Months Three Months
Ending Ending Ending
    Dec 2015   Nov 2015   Oct 2015
NYSE Cash Products   $0.049   $0.050   $0.049
 

Credit Default Swaps (CDS) Transaction and Clearing

  • Fourth quarter 2015 revenues from ICE’s CDS trade execution, processing and clearing businesses totaled $34 million, compared to $39 million in the prior fourth quarter, and included $24 million in CDS clearing revenues, compared to $25 million in the fourth quarter 2014.
  • ICE cleared $2.7 trillion in gross notional value of CDS in the fourth quarter 2015 compared to $4.1 trillion in gross notional cleared in the fourth quarter 2014.
  • More information can be found at: https://www.theice.com/clear-credit

Financial and Reporting Update

  • For the fourth quarter, following the closing of ICE’s acquisitions of Trayport and Interactive Data Corporation on December 11 and 14, respectively, ICE expects incremental revenue in the range of $48 million to $52 million, which will be included in data services revenue. ICE expects incremental fourth quarter adjusted operating expenses related to the acquisitions in the range of $33 million to $35 million.
  • ICE issued approximately 9.0 million common shares as part of the consideration for the Interactive Data Corporation and Trayport acquisitions, resulting in total shares outstanding of 119 million on December 31, 2015; fourth quarter weighted average shares outstanding were approximately 112 million shares.

Trading days in December 2015:

  • Interest Rates, Equity Indices: 22
  • Commodities, Other Financials: 22
  • Cash Equities, Equity Options: 22

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.

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 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) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on February 5, 2015.

SOURCE: Intercontinental Exchange

ICE-CORP

Intercontinental Exchange
Media & Investor Contact:
Kelly Loeffler, SVP, Corp. Comm, Marketing and Investor Relations
+1 770 857 4726
[email protected]
[email protected]


Source: Business Wire (January 6, 2016 - 8:30 AM EST)

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