DOW JONES NEWSWIRES
IntercontinentalExchange Inc. (ICE) said June average daily
volume rose 14%, reaching a new high, as the futures-exchange
operator continues to show sizable gains amid slowing trading at
larger rival CME Group Inc. (CME).
Second-quarter average daily volume also rose 14%, in contrast
with other exchanges seeing five years of double-digit volume
growth come to an end.
June's results were led by a 36% surge in the U.S. as trading of
its new Russell 2000 mini futures and options contracts continue to
soar. The daily trading average last month was 177,121, compared
with 9,995 a year earlier. European average daily volume rose
1.8%.
The Atlanta-based firm is primarily energy focused, but is
attempting to attract business to its first-in-the-U.S. clearing
house for over-the-counter credit derivatives. ICE said Thursday
that second-quarter revenue from that business rose 16% from the
first quarter to $44 million.
Shares closed Wednesday at $111.72 and were inactive premarket.
The stock is up 36% this year.
-By Mike Barris, Dow Jones Newswires; 212-416-2330;
mike.barris@dowjones.com;