Intercontinental Exchange Reports March and First Quarter 2023 Statistics

Rhea-AI Summary

Intercontinental Exchange (NYSE:ICE) reported robust trading volume and revenue statistics for March 2023, showcasing significant growth across its commodity, energy, and financial markets. Highlights include a 15% year-over-year increase in average daily volume (ADV) and record open interest in various categories, including natural gas and cocoa. Total ADV rose 4% year-over-year in the first quarter, driven by strong performance in commodities and financials. Natural gas ADV increased 10% year-over-year, while financials saw a 30% increase in ADV. Overall, ICE's diverse offerings illustrate its resilience in managing market risks during uncertain times.

Positive

• Total average daily volume (ADV) up 15% y/y.
• Energy ADV up 2% y/y; open interest (OI) increased 8% y/y.
• Record open interest of 49.0M lots on March 24.
• Total Ags & Metals ADV up 17% y/y; cocoa ADV up 31% y/y.
• Total Financials ADV up 30% y/y; Euribor ADV up 53% y/y.

Negative

• None.

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, today reported March 2023 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.

“ICE has seen a strong performance from its commodity, energy and financial markets this year, witnessing volume activity in benchmarks that has not been seen for over a decade,” said Ben Jackson, President at ICE. “Time and again during periods of stress and uncertainty, derivatives markets demonstrate their reliability to participants needing to manage their exposure to risk, with ICE offering deeply liquid markets across a multitude of asset classes and benchmarks.”

March highlights include:

• Total average daily volume (ADV) up 15% y/y
• Energy ADV up 2% y/y; open interest (OI) up 8% y/y, including record OI of 49.0M lots on March 24
  • Total Natural Gas ADV up 12% y/y; OI up 13% y/y, including record futures OI of 19.2M lots on March 28
    • North American natural gas ADV up 15% y/y; OI up 16% y/y, including record futures OI of 17.5M lots on March 28
• Total Ags & Metals ADV up 17% y/y; OI up 13% y/y
  • Sugar ADV up 12% y/y; OI up 16% y/y
  • Cocoa ADV up 31% y/y; OI up 24% y/y, including record futures OI of 697k lots
  • Cotton ADV up 12% y/y
• Total Financials ADV up 30% y/y
  • Total Interest Rate ADV up 43% y/y
    • Euribor ADV up 53% y/y, including record futures ADV of 1.8M lots; OI up 3% y/y
    • SONIA ADV up 23% y/y
  • FTSE ADV up 12% y/y
• NYSE equity options ADV up 7% y/y

First quarter highlights include:

• Total ADV up 4% y/y
• Total Natural Gas ADV up 10% y/y
  • North American natural gas ADV up 14% y/y
• Total Ags & Metals ADV up 18% y/y
  • Sugar ADV up 22% y/y
  • Record Cocoa ADV up 14% y/y
  • Cotton ADV up 14% y/y
• Total Financials ADV up 13% y/y
  • Total Interest Rate ADV up 18% y/y
    • Euribor ADV up 25% y/y, including record futures ADV of 1.5M lots
    • Record SONIA ADV up 12% y/y
• NYSE equity options ADV up 6% y/y

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, 2022, as filed with the SEC on February 2, 2023.

Category: Corporate

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20230405005273/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 were the trading volume statistics for ICE in March 2023?

Intercontinental Exchange reported a total average daily volume (ADV) up 15% year-over-year in March 2023.

How did ICE perform in financial markets in March 2023?

ICE's financial markets saw a 30% increase in ADV year-over-year in March 2023.

What records did ICE achieve in natural gas trading?

ICE reported record open interest of 19.2M lots in natural gas futures on March 28, 2023.

What was the overall ADV increase for ICE in the first quarter of 2023?

ICE's total ADV increased by 4% year-over-year in the first quarter of 2023.