Intercontinental Exchange Reports December, Fourth Quarter and Full Year 2022 Statistics

Rhea-AI Summary

Intercontinental Exchange (NYSE: ICE) reported strong trading metrics for December and the full year 2022, highlighting a significant rise in liquidity and open interest across multiple asset classes. Key statistics include a 12% year-over-year increase in total average daily volume (ADV) in December and a 6% rise for the year. Notably, energy open interest grew by 5%, particularly in natural gas, which saw a 15% rise in open interest. Financial products also performed well, with a 30% ADV increase in December.

Positive

• Total ADV up 12% y/y in December and up 6% y/y in 2022.
• Energy open interest up 5% y/y, with Natural Gas OI up 15% y/y.
• Total Financials ADV up 30% y/y in December.

Negative

• OTC & Other revenues expected to be approximately $100 million in 4Q'22 due to lower collateral balances and regulatory fees.

Energy Open Interest +5% y/y

Total Futures & Options¹ ADV +12% y/y in December; +6% y/y in 2022

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today reported December, Fourth Quarter and Full Year trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

“A radically different picture for natural gas was formed last year, with the U.S. now a leading supplier of much needed LNG to Europe, while interest rate derivative markets proved critical in 2022 to investors needing to manage inflation and reactions from Central Banks in a way not seen for a generation,” said Ben Jackson, President at ICE. “Across asset classes, our customers rely on the liquidity of ICE’s markets, and the transparency of price formation and discovery we provide, to manage their risk exposures, and by successfully doing that, protecting end consumers around the world.”

Highlights include:

• Total average daily volume¹ (ADV) up 12% y/y in December and up 6% y/y in 2022
• Energy open interest (OI) up 5% y/y
  • Total Natural Gas OI up 15% y/y; ADV up 25% y/y in December, up 13% y/y in 4Q22 and up 17% y/y in 2022
    • North American natural gas OI up 25% y/y; ADV up 45% y/y in December, up 28% y/y in 4Q22 and up 24% y/y in 2022
• Total Ags & Metals OI up 3% y/y; ADV up 17% y/y in December, up 18% y/y in 4Q22 and up 5% y/y in 2022
  • Sugar OI up 4% y/y; ADV up 27% y/y in December, up 30% y/y in 4Q22 and up 5% y/y in 2022
  • Cocoa OI up 14% y/y; ADV up 17% y/y in December, up 19% y/y in 4Q22 and up 19% y/y in 2022
  • Cotton OI up 12% y/y; ADV up 14% y/y in December, up 9% y/y in 4Q22 and up 7% y/y in 2022
• Total Financials¹ ADV up 30% y/y in December and up 19% y/y in 2022
  • Total Interest Rate¹ ADV up 46% y/y in December and up 20% y/y in 2022
    • Euribor OI up 21% y/y; ADV up 87% y/y in December, up 27% y/y in 4Q22 and up 66% y/y in 2022
  • Equity Indices ADV up 10% y/y in 4Q22 and up 15% y/y in 2022
    • MSCI ADV up 12% y/y in 4Q22 and up 19% y/y in 2022
    • FTSE ADV up 7% y/y in 4Q22 and up 7% y/y in 2022
• NYSE cash equities ADV up 6% y/y in 4Q22 and up 4% y/y in 2022
• NYSE equity options ADV up 6% y/y in 2022

Other items:

• OTC & Other revenues are expected to be approximately $100 million in 4Q’22. Relative to 3Q’22 the decrease is primarily due to lower collateral balances at ICE clearinghouses and lower regulatory fees.

Note:

¹ADV has been adjusted to reflect a common contract size between SONIA and legacy Sterling for comparison purposes.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.

Category: Corporate

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20230105005433/en/

ICE Investor Relations Contact:

Katia Gonzalez

+1 678 981 3882

katia.gonzalez@ice.com

investors@ice.com

ICE Media Contact:

Josh King

+1 212 656 2490

josh.king@ice.com

media@ice.com

Source: Intercontinental Exchange

FAQ

What was the percentage increase in ICE's total ADV in December 2022?

ICE's total average daily volume (ADV) increased by 12% year-over-year in December 2022.

How much did natural gas open interest increase in December 2022 for ICE?

Natural gas open interest for ICE rose by 15% year-over-year in December 2022.

What was the performance of financial products at ICE during December 2022?

Financial products at ICE saw a 30% increase in average daily volume (ADV) in December 2022.

What are the expected OTC revenues for ICE in 4Q 2022?

OTC & Other revenues for ICE are expected to be around $100 million in 4Q 2022.