ICE’s FX ADV Notches Consecutive Double-Digit Monthly Gain in December

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 Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term houses, has revealed its volumes for the month ending December 2015, which were characterized by uneven figures, namely its foreign exchange (FX) average daily volume, according to a recently released ICE statement.

Last month, ICE’s November 2015 futures and options average daily volume (ADV) yielded 5.0 million contracts, which were up 6.4% MoM when compared against October 2014. Conversely, the group’s FX ADV also had risen 6.1% MoM in November 2015.

For the month ending December 2015 however, futures and options ADV came in at 4.7 million per day, which represented a fall of -6.0% MoM from 5.0 million contracts per day in November 2015, effectively paring last month’s gains. Additionally, over a yearly timeframe, December 2015’s volumes also underwent yet another strong growth of 17.5% YoY from 4.0 million contracts in December 2014.

By extension, commodities ADV were equally downtrodden MoM, having been reported at 2.6 million contracts per day in December 2015, against 2.8 million contracts in November 2015, or -7.1% MoM.

Additionally, equity indices ADV on ICE came in at just 555,000 contracts per day in December 2015, rising marginally 1.0% MoM from 550,000 in November 2015.

FX Volumes Wither

ICE’s foreign exchange (FX) and credit volumes were notably upbeat in December – an ADV of 47,000 contracts in November 2015 justified a surge of 34.2% MoM from just 35,000 contracts per day in November 2015.

Looking under the lens of last year’s figures in relation to this most recent month, December 2015’s ADV of 47,000 contracts does relate to a YoY decline of -11.0% YoY from 53,000 contracts per day in December 2014 however.