Ice reports january 2014 volumes
Atlanta--(business wire)--intercontinentalexchange group (nyse: ice), the leading global network of exchanges and clearing houses, today reported exchange traded volumes for january 2014. ice’s january average daily volume (adv) for global derivatives was 10.4 million contracts, a decrease of 8% compared to january 2013. total commodities adv increased 15% driven by strength in natural gas and agriculture contract volume. total financial adv declined 24% primarily due to lower volatility in european interest rates relative to the strong volumes in january 2013 as a result of the long term repo operation (ltro) repayment. this was partially offset by a 20% increase in equity index adv driven by volatility in the equity markets. january u.s. cash equities adv declined 2% and european cash equities adv increased 22% from the prior january. ice futures & options adv (contracts in 000s) adv jan 2014 adv jan 2013 change y/y other oil(1) natural gas(2) power(3) emissions & other(4) sugar(5) other ags(6) total metals(7) dtcc gcf repo index & other(8) total equity indices(9) total fx(10) nyse equity options(11) (1) “other oil” includes futurized oil contracts, 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 power contracts, emissions, freight, coal, iron ore and uranium. (5) “sugar” includes sugar no. 11, sugar no. 16 and white sugar. (6) “other ags” includes cocoa, coffee “c”, coffee 20 tonne, cotton no. 2, orange juice, corn, wheat-feed, soybeans, barley and canola. (7) “total metals” includes mini gold and mini silver. (8) “dtcc gcf repo & other” includes dtcc gcf repo, treasuries and eurodollar contracts. (9) “total equity indices” includes ftse 100, ftse 100 dividend, ftse eurofirst 80, ftse epra eurozone and ftse epra europe, russell 2000®and russell 1000® and continuous commodity index and as of june 17, 2013, msci eafe, msci emerging markets, msci euro, msci pan-euro, msci canada, msci em latin america and msci world and credit index futures. (10) “total fx” includes futures and options for the u.s. dollar index and foreign exchange. (11) “nyse equity options” includes nyse amex options and nyse arca options trading in u.s. equity options contracts. financial guidance and reporting ice’s fourth quarter 2013 results, which will be reported on tuesday, february 11th, will include the following items which are not indicative of ice’s business performance and will be excluded from non-gaap results: acquisition-related transaction and integration costs of approximately $130 million, relating to the nyse euronext acquisition. an approximate $190 million impairment expense primarily due to the devaluation of the brazilian reais associated with cetip since the investment in july 2011. an approximate $50 million pre-payment expense associated with $400 million in senior notes repaid. a $4 million net tax impact related to the aforementioned items and certain foreign tax law changes. acquisition-related transaction and integration costs of approximately $130 million, relating to the nyse euronext acquisition. an approximate $190 million impairment expense primarily due to the devaluation of the brazilian reais associated with cetip since the investment in july 2011. an approximate $50 million pre-payment expense associated with $400 million in senior notes repaid. a $4 million net tax impact related to the aforementioned items and certain foreign tax law changes. ice’s diluted shares outstanding for purposes of calculating fourth quarter 2013 and full year 2013 eps are 96 million shares and 79 million shares, respectively. historical futures, options and cash adv, rate per contract and open interest data in the new reporting format can be found at: http://ir.theice.com/supplemental.cfm. euronext cash rpc will be reported on a quarterly basis in the volume press release. ice futures & options rolling three-month average rate per contract (rpc) futures & options products ending jan 2014 ending dec 2013 ending nov 2013 rpc is calculated by dividing transaction revenues by contract volume, and may vary based on pricing, customer and product mix. ice futures & options open interest (contracts in 000s) jan 31, 2014 energy* agricultural total commodities interest rates total financials *energy oi excluding u.s. power contracts for january 2014 and december 2013 were 34,855 and 34,013 contracts, respectively. ice futures & options volume (contracts in 000s) vol % change u.s. cash products (shares in millions) change y/y handled volume(1) matched volume(2) handled volume(1) handled volume(1) (1) “handled volume” represents the total number of shares of equity securities, 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 monthly product revenue capture jan 2014 dec 2013 nov 2013 euronext cash products and derivatives (contracts in 000s) adv % change (2) includes equity index products, single stock equities, currencies, wheat-milling, rapeseed, corn and barley malting products. credit derivatives clearing through january 31, ice has cleared $48 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 $4.4 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. january 2014 review nyse liffe launched futures based on msci factor indices. ice benchmark administration (iba) became the new administrator of the london interbank offered rate (libor) benchmark effective february 1. 10 ipos listed on nyse in january, raising $4.7 billion in proceeds and capturing 86% market share in proceeds raised. monthly total volume and adv records were established in european natural gas futures, heating oil futures and emissions options contracts. daily volume records were established in short sterling and short sterling mid curve futures of 1,985,547 and 813,880 contracts, respectively. open interest records were established in european natural gas options, low sulphur gasoil futures, sugar 16 futures and various coal futures and options contracts. ice closed the nyse euronext transaction on november 13, 2013. for comparison purposes in the volumes release, we include nyse euronext volumes for all periods covered. trading days in january 2014: global derivatives: 21 us cash equities: 21 euronext cash equities: 22 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
