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ICE Futures ADV up 60% in May 2007; NYBOT ADV Grows 23%; OTC Average Daily Commissions Rise 22%.

Article Excerpt
Early Success in ICE Middle East Sour Crude Launch Sees 4,278 Contracts Trade on Friday

ATLANTA, June 4 /PRNewswire-FirstCall/ -- IntercontinentalExchange , the leading electronic energy marketplace and soft commodity exchange, today reported substantial growth in volume and commissions during the month of May 2007 compared to May 2006. Average daily volume (ADV) for ICE Futures, ICE's U.K. regulated futures subsidiary, was 540,304 contracts, an increase of 59.5% over ADV in May 2006. ADV at the New York Board of Trade (NYBOT), ICE's U.S. regulated futures subsidiary, was 195,639 contracts in May 2007, up 22.7% over May 2006. Electronic trading accounted for 71.4% of the total NYBOT soft commodity futures contracts in May, compared to 59.3% in April. Average daily commissions in ICE's over-the-counter (OTC) segment were $711,074, a 21.9% increase over the prior May.

ICE Futures Volume and RPC

Monthly volume at ICE Futures in May 2007 totaled 11,840,616 contracts, an increase of 58.9% compared to 7,453,428 contracts in May 2006. ADV of 540,304 contracts for May represented a 59.5% increase over May 2006 ADV of 338,792 contracts.

On May 21, ICE Futures introduced its newest futures product, the ICE Middle East Sour Crude futures contract, which got off to a strong start. ADV was 3,544 contracts in the first nine days of trading through May 31, and on Friday, June 1, 4,278 contracts were traded. The successful launch of the contract places three leading crude...