ICE Reports 5% decline in November Futures Volume, FX Down More

The IntercontinentalExchange (ICE) reported its November trading volumes today. Average daily volume for the month was 3,198,341 contracts, down 5% year over year but 10.3% higher year to date. The 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 was hit by falling volumes in its Oil & Gas, Equity,and FX divisions, while its Power unit showed a tremendous 120% gain in activity versus last year. Also showing gains was the exchange’s Agricultural products segment.

In FX, where trading volumes are dominated by the venue’s Dollar Index product, overall ADV volume was 24,945, an 18.2% decline from the same period last year. For the entire year, FX figures have fallen 20.5% as compared to the first eleven months of 2011. Despite the low volumes, the ICE continues to bring innovation to its FX products and recently launched both Rupee and Yuan trading.