- ADV at ICE Futures Europe was 540,552 contracts in July 2008, roughly flat compared to July 2007.
- ICE Futures U.S. posted ADV of 204,216 in July 2008, up 2% from July 2007.
- ADV at ICE Futures Canada in July 2008 was 8,100 contracts, a 3% decrease year-to-year.
- Average daily commissions for ICE's global OTC business rose 50% to $1.3 million in July 2008, exceeding $1 million for the seventh consecutive month.
European Futures Volume and RPC
For July, ICE Futures Europe reported volume of 12,432,698 contracts, a 4% increase from 11,951,098 contracts in July 2007. ADV in July 2008 was 540,552 contracts compared to ADV of 543,232 in July 2007.
The three-month rolling average rate per contract (RPC) for the period ended July 2008 was $1.21. RPC averaged $1.21 for each of the three-month periods ended June 2008 and May 2008. RPC is calculated by dividing transaction revenues by contract volume, and can vary based on pricing, customer and product mix.
On July 31, 2008, open interest for ICE Futures Europe was 1,893,075 contracts, compared to 1,641,399 contracts at December 31, 2007.
North American Futures Volume and RPC
Total futures and options volume at ICE Futures U.S. increased 7% to 4,512,524 contracts in July 2008, compared to 4,234,855 contracts in July 2007. July 2008 ADV rose 2%, to 204,216 contracts, compared with 201,084 contracts in July 2007.
The three-month rolling average RPC for the July 2008 was $2.22 for agricultural futures and options. RPC averaged $2.21 and $2.13 for the three-month periods ended June 2008 and May 2008, respectively.
On July 31, 2008, open interest for ICE Futures U.S. was 3,329,439 contracts, compared to 3,389,923 contracts at December 31, 2007.
ICE Futures Canada recorded July 2008 contract volume of 178,205 contracts, up 2% from July 2007. ADV was 8,100 contracts, a decrease of 3% from the prior July.
On July 31, 2008, open interest for ICE Futures Canada was 101,367 compared to 168,928 contracts on December 31, 2007.
Global OTC Markets
In July 2008, ICE's average daily commissions were $1,252,180, an increase of 50% compared to $834,888 in July 2007. Average daily commissions reflect daily trading activity in ICE's global OTC energy markets.
Additional July 2008 Information:
- On July 31, the Commodity Futures Trading Commission approved the petition of ICE Clear Europe to operate in the United States as a multilateral clearing organization (MCO). As an MCO, ICE Clear Europe has the ability to clear U.S. over-the-counter derivatives.
- On August 1, Creditex, which is pending acquisition by ICE, announced that its T-Zero platform for credit default swap affirmation and novation consent processing offers complete compliance with industry targets set by the Operation Management Group, with 17 major dealers, buy-side representatives and major industry bodies participating.
