ICE Reports Solid Volumes Across FX and Commodities in November 2016

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), a global network of exchanges and clearing houses, has reported its November 2016 volumes, which saw positive flows across various segments, including Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and commodities derivatives, according to an ICE statement.

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For the month ending November 2016, ICE saw its energy volume average 2.999 million contracts per day, which represents a jump of 22.0% YoY compared with 2.456 million contracts in November 2015. Across a monthly interval, the latest figure reported a 13.4 percent advance from 2.644 contracts per day in October 2016.

In terms of ICE’s total COMMODITIES volume, the figure was also upbeat in its overall performance, managing to average 3.384 million contracts per day in November 2016, which was good for a YoY advance of 19.2% vs. 2.838 million contracts in November 2016.

Meanwhile, ICE has also notched growth across its foreign exchange (FX) and credit volumes, which averaged 46,000 contracts per day, up 64 percent from just 28,000 contracts in the month prior, and also registered a 31.4 percent increase over the same period a year ago.

However, the total financials, which also include interest rates and equity indices, orchestrated a decline of -10.3 percent MoM after revealing only 2.271 million contracts per day from 2.534 million in October 2016.