Total Average Daily FX Volumes at ICE Drop by 12% MoM to 44,000 Contracts in October

On a yearly comparison, the figure is an impressive 117% jump from October 2013 but the Year-to-date ADV (ADV YTD)

ice-logoIntercontinental Exchange (ICE), the conglomerate of exchanges and clearing houses, has just released its exchange traded volumes for October 2014.

Total FX Average Daily Volume (ADV), including futures and options for the US Dollar Index and foreign exchange, reached 44,000 contracts, down 12% from September’s 50,000 contracts. On a yearly comparison, the figure is an impressive 117% jump from October 2013, but the Year-to-date ADV (ADV YTD) was only 29,000 in October 2014, 23% less than the same period the previous year.

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The group also announced that it has completed the transition of the Liffe European interest rate derivatives complex to ICE Futures Europe. Following the migration, European interest rate futures and options are now listed on the ICE trading platform. The transition of the Liffe interest rate products to ICE was completed between October 6 and November 3.

Highlights for October 2014:

  • Commodity ADV increased 1% year to year, with energy ADV up 2% driven by increases in Brent and Other Oil ADV, up 28% and 20%, respectively, from the prior year period.
  • Financials ADV declined 2% from the year period due to continued low volatility in Continental European short-term rates impacting the Euribor ADV, and was partially offset by growth in Sterling and Equity Indices ADV, which were up 62% and 50%, respectively, over the prior October.
  • NYSE’s U.S. cash equities and U.S. equity options ADV increased 32% and 10%, respectively, over the prior October.
  • U.S. cash equities market share was 23.9% and U.S. options market share was 22.8% for the month.

Additionally reported by ICE, futures and options average daily volume (ADV) in October was flat and cash equities ADV increased 32% over the prior October.

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