ICE Reports August 2015 Volumes, FX Contracts up 32.5%
- The Intercontinental Exchange group released its August metrics showing an impressive growth in FX contracts.
Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE: ICE), the global network of exchanges and clearinghouses, today reported its operating volumes for the month ending August 2015, according to a just released ICE statement.
One interesting area of growth during the month ending August 2015 was seen in ICE’s total foreign exchange (FX) and credit at ICE – August 2015 saw an average daily volume (ADV) of 57,000 contracts, besting July 2015’s figure of 43,000 contracts by a factor of 32.5% MoM. Expanding the perspective to include last year’s figures, August 2015’s 57,000 contracts represent a 133% growth YoY from 25,000 contracts in August 2014.
ICE’s August 2015 futures and options ADV increased 11% compared to August 2014. Commodity ADV increased 23% led by Brent, gasoil, other oil, natural gas and sugar ADV up 25%, 28%, 35%, 11% and 27% respectively, from the prior August.
Financials ADV declined 4% from the previous August, which the group explained was primarily due to low European short-term interest rates, partially offset by a 29% year-over-year increase in equity index futures due to market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
NYSE’s U.S. cash equities and equity options ADV increased 62% and 17%, respectively, over the prior August. NYSE’s U.S. cash equities market share was 24.6% and NYSE’s U.S. options market share was 20.3%.
Last month, ICE reported its financial results for Q2 2015. For the quarter ending June 30, 2015, consolidated net income attributable to ICE yielded $283 million on $797 million consolidated revenues less transaction-based expenses, marking a drop from strong first quarter metrics. In addition, diluted earnings per share (EPS) in Q2 2015 were $2.54, down from $2.80 in Q1. Excluding acquisition-related expenses, Q2 2015 adjusted net income from continuing operations increased 27% YoY to $323 million.
Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE: ICE), the global network of exchanges and clearinghouses, today reported its operating volumes for the month ending August 2015, according to a just released ICE statement.
One interesting area of growth during the month ending August 2015 was seen in ICE’s total foreign exchange (FX) and credit at ICE – August 2015 saw an average daily volume (ADV) of 57,000 contracts, besting July 2015’s figure of 43,000 contracts by a factor of 32.5% MoM. Expanding the perspective to include last year’s figures, August 2015’s 57,000 contracts represent a 133% growth YoY from 25,000 contracts in August 2014.
ICE’s August 2015 futures and options ADV increased 11% compared to August 2014. Commodity ADV increased 23% led by Brent, gasoil, other oil, natural gas and sugar ADV up 25%, 28%, 35%, 11% and 27% respectively, from the prior August.
Financials ADV declined 4% from the previous August, which the group explained was primarily due to low European short-term interest rates, partially offset by a 29% year-over-year increase in equity index futures due to market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
NYSE’s U.S. cash equities and equity options ADV increased 62% and 17%, respectively, over the prior August. NYSE’s U.S. cash equities market share was 24.6% and NYSE’s U.S. options market share was 20.3%.
Last month, ICE reported its financial results for Q2 2015. For the quarter ending June 30, 2015, consolidated net income attributable to ICE yielded $283 million on $797 million consolidated revenues less transaction-based expenses, marking a drop from strong first quarter metrics. In addition, diluted earnings per share (EPS) in Q2 2015 were $2.54, down from $2.80 in Q1. Excluding acquisition-related expenses, Q2 2015 adjusted net income from continuing operations increased 27% YoY to $323 million.