Total Average Daily FX Volumes on ICE Rise by 25% to 25,000 Contracts

On a yearly comparison, the 25,000 figure is still 28% lower than that of August 2013 and the Year to

logo_iceIntercontinental Exchange (ICE), the conglomerate of exchanges and clearing houses, has just released its exchange traded volumes for August 2014.

Total FX Average Daily Volume (ADV), including futures and options for the US Dollar Index and foreign exchange, reached 25,000 contracts, up 25% from July’s 20,000 contracts. On a yearly comparison, the figure is 28% lower than August 2013 and the Year-to-date ADV (ADV YTD) was only 24,000 in August 2014, 40% less than the same period the previous year.

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Highlights for August 2014:

  • ICE’s August average daily volume (ADV) for futures and options was 4.4 million contracts, down 11% compared to August 2013.
  • Commodity ADV declined 13% year-to-year, with energy ADV down 13%, offset by other oil ADV which increased 6%.
  • Financials ADV declined 9% over the prior August due to continued low volatility in European short-term interest rates. ADV for medium and long-term interest rate contracts increased 15%, and equity index and single stock ADV rose 14% and 45%, respectively, over the prior August.
  • In August, NYSE’s US cash equities and options ADV declined 7% and 8%, respectively, year-to-year.
  • US cash equities market share was 22.9% and US options market share was 22.6%.

Last month, it was reported that for the quarter ended June 30, 2014, consolidated net income attributable to ICE was $226 million, an increase of about 47% from Q2 2013 and consolidated revenues, less transaction-based expenses, reaching $750 million, up about 102% from the same quarter of the previous year.

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