Intercontinental Exchange Inc Reports Average Daily FX Volumes Doubled in September

The Intercontinental Exchange Inc has issued a report outlining the performance of the group of exchanges and clearing houses under it. We will focus our attention on the foreign exchange figures first, which revealed that trading volumes in foreign exchange for September 2014 doubled when compared to the previous month.

Total FX Average Daily Volume (ADV), including futures and options for the USD Index and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, reached 50,000 contracts in September 2014, besting August’s 25,000 contracts, constituting a jump of 100%. Across a yearly time frame, the September 2014 figures were 37% higher YoY than September 2013 (37,000 contracts). Conversely, the year-to-date ADV (ADV YTD) was only 27,000 in September 2014, -32% less than the same period the previous year (40,000 contracts).

The wild Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term after the European Central Bank announced its unprecedented easing effort and cut interest rates further into negative territory has contributed to the sharp spike in FX volatility which has taken the industry out of the slump, closing the third quarter on a very strong note.