IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges and over-the-counter (OTC) markets, today reported record annual futures volume and record OTC commissions for 2008.
ICE operates three regulated futures exchanges: ICE Futures Europe(R), ICE Futures U.S.(R) and ICE Futures Canada(TM), in addition to its global OTC markets for energy and credit derivatives.
- Volume for all ICE futures contracts in 2008 reached 237.2 million, an increase of 21% over 2007; ICE Futures Europe set its 11th consecutive annual volume record; ICE Futures U.S. achieved its sixth consecutive year of record contract volume.
- Total futures volume for the month of December was 18.6 million contracts, an increase of 36% over December 2007.
- Average daily commissions (ADC) in ICE's OTC energy business increased 32% in 2008 to $1.1 million, the fourth consecutive year of record commissions; ADC for the fourth quarter of 2008 were $870,934.
- ICE's Creditex subsidiary generated approximately $52.5 million in brokerage revenue from September through December of 2008; Creditex brokerage revenue during the fourth quarter of 2008 was approximately $35.9 million. ICE completed its acquisition of Creditex on August 29, 2008.
"Amid a year of recession and global market downturns, ICE accomplished its aggressive strategic objectives in 2008," said Jeffrey C. Sprecher, ICE Chairman and Chief Executive Officer. "We produced double-digit growth while substantially expanding the range of products and services we provide global market participants. With the addition of the Russell Indexes to ICE Futures U.S., the launch of ICE Clear Europe and the acquisition of Creditex - among many other initiatives - we believe ICE continues to be at the forefront of providing transparency, innovation and risk management tools across a diverse range of futures and OTC markets."
Read the full statement here:» Download the document now 37 kb (PDF File)