Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today reported September exchange traded volume.
ICE’s September 2015 futures and options average daily volume (ADV) decreased 6% compared to September 2014.
- Commodity ADV increased 3% led by Brent, gasoil, other oil and sugar ADV up 3%, 20%, 15% and 19% respectively, from the prior September.
- Financials ADV declined 16% from the previous September primarily due to low European short-term interest rates.
Third quarter futures and options ADV increased 3% over the prior third quarter.
NYSE’s U.S. cash equities ADV increased 27%, while U.S. equity options ADV declined 16% over the prior September. NYSE’s U.S. cash equities market share was 25.3% and NYSE’s U.S. options market share was 20.6%. Third quarter cash equities ADV increased 36%, while equity options ADV declined 6% over the prior third quarter.
ICE Futures & Options ADV (contracts in 000s) |
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ADV Sep 2015 |
ADV Sep 2014 |
Change y/y |
ADV 3Q15 |
ADV 3Q14 |
Change y/y |
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COMMODITIES | ||||||||||||||
Energy | ||||||||||||||
Brent | 726 | 704 | 3% | 779 | 731 | 7% | ||||||||
Gasoil | 250 | 208 | 20% | 251 | 202 | 24% | ||||||||
Other Oil (1) | 329 | 287 | 15% | 333 | 281 | 19% | ||||||||
TOTAL OIL | 1,305 | 1,199 | 9% | 1,362 | 1,214 | 12% | ||||||||
Natural Gas (2) | 804 | 884 | -9% | 796 | 782 | 2% | ||||||||
Power (3) | 121 | 111 | 9% | 102 | 94 | 9% | ||||||||
Emissions & Other (4) | 41 | 38 | 10% | 32 | 33 | -3% | ||||||||
TOTAL ENERGY | 2,271 | 2,232 | 2% | 2,293 | 2,123 | 8% | ||||||||
Agricultural | ||||||||||||||
Sugar (5) | 248 | 209 | 19% | 175 | 146 | 20% | ||||||||
Other Ags & Metals (6) | 166 | 157 | 5% | 178 | 152 | 18% | ||||||||
TOTAL AGRICULTURAL & METALS | 414 | 366 | 13% | 353 | 297 | 19% | ||||||||
TOTAL COMMODITIES | 2,685 | 2,598 | 3% | 2,646 | 2,420 | 9% | ||||||||
FINANCIALS | ||||||||||||||
Interest Rates | ||||||||||||||
Short-term Interest Rates (7) | 1,158 | 1,532 | -24% | 1,042 | 1,173 | -11% | ||||||||
Medium & Long-term Interest Rates (8) | 173 | 177 | -3% | 181 | 177 | 2% | ||||||||
TOTAL INTEREST RATES | 1,331 | 1,709 | -22% | 1,223 | 1,350 | -9% | ||||||||
TOTAL EQUITY INDICES (9) | 628 | 622 | 1% | 435 | 413 | 5% | ||||||||
TOTAL FX & CREDIT (10) | 53 | 50 | 4% | 51 | 32 | 61% | ||||||||
TOTAL FINANCIALS | 2,011 | 2,381 | -16% | 1,709 | 1,795 | -5% | ||||||||
TOTAL FUTURES & OPTIONS | 4,696 | 4,979 | -6% | 4,355 | 4,215 | 3% |
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 Bullets. | |
(2) | “Natural Gas” includes North American, UK and European Natural Gas. | |
(3) | “Power” includes North American, UK and European Power. | |
(4) | “Emissions & Other” includes emissions, 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 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 and ERIS interest rate futures. | |
(9) | “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®. | |
(10) | “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) |
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Futures & Options Products |
Three Months
Ending Sep 2015 |
Three Months
Ending Aug 2015 |
Three Months
Ending July 2015 |
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Energy | $1.30 | $1.29 | $1.30 | |||
Agricultural & Metals | $2.37 | $2.36 | $2.37 | |||
Total Commodities | $1.44 | $1.43 | $1.44 | |||
Interest Rates | $0.55 | $0.55 | $0.56 | |||
Total Financials | $0.68 | $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) |
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Sep 30, 2015 | Dec 31, 2014 | |||
Energy | 38,212 | 38,436 | ||
Agricultural & Metals | 3,723 | 3,308 | ||
Total Commodities | 41,935 | 41,744 | ||
Interest Rates | 16,381 | 13,042 | ||
Total Financials | 21,537 | 17,610 | ||
U.S. Equity Options (contracts in 000s) |
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ADV Sep
2015 |
ADV Sep 2014 |
Change
y/y |
ADV
3Q15 |
ADV
3Q14 |
Change y/y |
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NYSE Equity Options(1) | 3,065 | 3,664 | -16% | 3,250 | 3,450 | -6% | ||||||
Total U.S. Options Volume | 14,855 | 15,886 | -6% | 16,027 | 14,738 | 9% | ||||||
NYSE Share of Group Total | 20.6% | 23.1% | -2.4pts | 20.3% | 23.4% | -3.1pts |
(1) “NYSE Equity Options” includes NYSE Amex Options and NYSE Arca Options trading in U.S. equity options contracts.
NYSE U.S. Equity Options Rolling Three-Month Average Rate per Contract (RPC) |
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|
Three Months
Ending Sep 2015 |
Three Months
Ending Aug 2015 |
Three Months
Ending July 2015 |
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NYSE US Equity Options | $0.14 | $0.15 | $0.16 | |||
NYSE U.S. Cash Products (shares in millions) |
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ADV Sep 2015 |
ADV Sep 2014 |
Change y/y |
ADV 3Q15 |
ADV 3Q14 |
Change y/y |
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NYSE Listed (Tape A) Issues | |||||||||||||||
Handled Volume (1) | 1,350 | 1,053 | 28% | 1,272 | 953 | 33% | |||||||||
Matched Volume(2) | 1,334 | 1,033 | 29% | 1,255 | 934 | 34% | |||||||||
Total NYSE Listed Consolidated Volume | 3,848 | 3,226 | 19% | 3,816 | 3,022 | 26% | |||||||||
Share of Total Matched Consolidated Volume | 34.7% | 32.0% | 2.7pts | 32.9% | 30.9% | 2.0pts | |||||||||
NYSE Arca, MKT and Regional (Tape B) Listed Issues | |||||||||||||||
Handled Volume (1) | 337 | 245 | 37% | 343 | 217 | 58% | |||||||||
Matched Volume(2) | 320 | 232 | 38% | 326 | 206 | 59% | |||||||||
Total NYSE Arca and MKT Listed Consolidated Volume | 1,537 | 1,005 | 53% | 1,555 | 917 | 70% | |||||||||
Share of Total Matched Consolidated Volume | 20.8% | 23.1% | -2.2pts | 21.0% | 22.5% | -1.5pts | |||||||||
Nasdaq Listed (Tape C) Issues | |||||||||||||||
Handled Volume (1) | 220 | 203 | 8% | 233 | 188 | 24% | |||||||||
Matched Volume(2) | 210 | 188 | 11% | 222 | 176 | 27% | |||||||||
Total Nasdaq Listed Consolidated Volume | 1,982 |
1,894 |
5% | 1,967 | 1,763 | 12% | |||||||||
Share of Total Matched Consolidated Volume | 10.6% | 10.0% | 0.6pts | 11.3% | 10.0% | 1.3pts | |||||||||
TOTAL U.S. Cash Market Share Matched | 25.3% | 23.7% | 1.6pts | 24.6% | 23.1% | 1.5pts | |||||||||
TOTAL ADV U.S. Cash Shares Handled | 1,907 | 1,502 | 27% | 1,848 | 1,359 | 36% |
(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) |
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|
Three Months
Ending Sep 2015 |
Three Months
Ending Aug 2015 |
Three Months
Ending July 2015 |
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U.S. Cash Products | $0.050 | $0.051 | $0.052 | |||
Credit Default Swaps (CDS) Transaction and Clearing
- Third quarter 2015 revenues from ICE’s CDS trade execution, processing and clearing businesses totaled $38 million, compared to $38 million in the prior third quarter, and included $26 million in CDS clearing revenues, which were up from $23 million in the third quarter 2014.
- ICE cleared $3.1 trillion in gross notional value of CDS in the third quarter 2015 compared to $3.1 trillion in gross notional cleared in the third quarter 2014.
- More information can be found at: https://www.theice.com/clear-credit
Trading days in September 2015:
- Interest Rates, Equity Indices: 22
- Commodities, Other Financials: 21
- U.S. Cash Equities, U.S. Equity Options: 21