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 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.
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