The Intercontinental Exchange (ICE) has just issued a monthly statement to investors outlining the trading volumes at the venue, including the FX numbers it has registered during the month of November. The FX numbers show a considerable increase on a year-on-year basis but a mild decrease on a month-on-month comparison.
The “TOTAL FX” average daily volume (ADV) figure released by the Intercontinental Exchange, which includes futures and options for the US Dollar Index and foreign exchange, reached 42,000 contracts for July 2014. This figure is 74% higher than November 2013’s ADV, but 4.5% lower than October 2014’s ADV of 44,000 contracts.
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Earlier today, the group released the specifications of the first five futures contracts to be listed for trading and clearing at ICE Futures Singapore and ICE Clear Singapore, subject to a regulatory approval by the Monetary Authority of Singapore (MAS). The first five futures contracts are on Mini ICE Brent Crude, One-kilo Gold, Chinese Cotton No.1, Chinese White Sugar and the Chinese Renminbi.