Thursday, operator of regulated global futures exchanges and over-the-counter markets, Intercontinental Exchange, Inc. (ICE), reported a 9.2% rise in average daily volume for the month of September.
The Atlanta, Georgia-based company's average daily volume, or ADV, for all the company's operations for September increased to 1.17 million contracts from 1.07 million contracts last year.
Across its global operations, ADV at ICE Futures Europe rose 11.5% to 0.70 million contracts from 0.63 million contracts, while ADV at ICE Futures US climbed 5.5% to 0.45 million contracts from 0.43 million contracts in the previous year. ADV at ICE Futures Canada jumped 25.6% to 14,097 contracts from 11,225 contracts in the same period last year.
Total futures volume for the month of September increased 5.3% to 24.54 million from 23.30 million last year. Total volume at ICE Futures Europe in September increased 6.4% to 14.74 million contracts from 13.85 million contracts in the same month last year. Total volume at ICE Futures US increased 3.2% to 9.50 million contracts from 9.21 million contracts a year earlier, while at ICE Futures Canada, volume increased 25.6% to 0.30 million contracts from 0.23 million contracts in the previous-period.
For the third quarter, ADV for all ICE Futures contracts increased 23.7% to a record 1.06 million contracts from 0.86 million contracts, and volume jumped 20.9% from last year. ICE Future Europe ADV rose 18.9% year-over-year and total volume increased 15.3% from last year. ICE futures U.S. ADV surged 34.1% while total volume jumped 32.9% from the prior-year quarter. ICE futures Canada ADV and total volume rose 11.7% each from the year-ago quarter.
Year-to-date, ADV for all ICE Futures rose 12.3% to 1.03 million contracts from 0.92 million contracts, while volume rose 10.4% from last year.
Looking ahead for the third quarter, CDS expects clearing revenues to be about $13 million. As a result, ICE expects full year 2009 CDS clearing revenues to be at or above the high end of prior CDS clearing revenue guidance of $20 million to $30 million
ICE is currently trading at $92.79, down $1.04 or 1.11% on the NYSE.
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