IntercontinentalExchange (ICE) Wednesday reported continued strong growth during March 2007 with increases in excess of 70% in its energy business segments compared to March 2006. Average daily volume (ADV) for ICE Futures, ICE’s UK-based regulated futures subsidiary, was 522,455 contracts, an increase of 76.8% over ADV in March 2006. The New York Board of Trade (NYBOT), ICE’s wholly owned U.S.-based regulated futures subsidiary, recorded an ADV of 198,736 contracts, an increase of 22.6% over March 2006. Electronic trading accounted for 59.3% of the total NYBOT soft commodities futures contracts, compared to 32.4% in February 2007. Average daily commissions in ICE’s over-the-counter (OTC) business segment for the month rose 73.8% to $591,785 compared to $340,504 in March 2006. For the first quarter of 2007, ICE Futures ADV increased 89.2% to a record 530,825 contracts compared to 280,606 in the first quarter of 2006. Average daily commissions in ICE’s OTC business increased 98.3% to a record $754,499, compared to $380,548 in the first quarter of 2006. Rival Nymex also announced significant volume increases for the month (see Daily GPI, April 4).

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