ICE’ FX Volumes Drop 27% in October 2018
- ICE disclosed mixed metrics across its foreign exchange and credit volumes, which averaged 26,000 contracts per day.
Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE:ICE), a global network of exchanges and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term houses, has reported its latest aggregated volumes for the month ending October 2018, which were characterized by mixed results across its FX business.
During the reported month, ICE’s October average daily volume (ADV) for futures and options business was reported at 5.59 million contracts per day, which corresponded to a gain of three percent month-over-month from 6.41 million per day in September 2018. In addition, this latest figure marks a 32 percent advance over October 2017 which came in at 4.98 million contracts per day.
For the month ending October 2018, ICE saw its energy volume average at 2.98 million contracts per day, which represents an increase of three percent month-on-month compared with 2.89 million contracts in September 2018. Across a yearly interval, the latest figure also reported a 14 advance from 2.62 million contracts per day in October 2017.
In terms of ICE’s total commodities volume, the figure was strong in its overall performance, amounting to an average of 3.43 million contracts per day in October 2018, up 2.5 percent vs. 3.35 million in the month prior. The group’s commodities activity was also higher by 17 percent year-on-year when weighed against 2.92 million contracts reported back in October 2017.
Meanwhile, ICE disclosed mixed metrics across its foreign exchange and credit volumes, which averaged 26,000 contracts per day. The figure reversed the narrative because while the firm posted a 27 percent drop month-over-month from 36,000 contracts the previous month, the exchange registered a nine percent progress when compared to 24,000 contracts a year ago.
Finally, the overall financial products, which also include interest rates and equity indices, ticked up 53 percent year-on-year after revealing 3.15 million contracts per day compared to 2.06 million in October 2017.
Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE:ICE), a global network of exchanges and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term houses, has reported its latest aggregated volumes for the month ending October 2018, which were characterized by mixed results across its FX business.
During the reported month, ICE’s October average daily volume (ADV) for futures and options business was reported at 5.59 million contracts per day, which corresponded to a gain of three percent month-over-month from 6.41 million per day in September 2018. In addition, this latest figure marks a 32 percent advance over October 2017 which came in at 4.98 million contracts per day.
For the month ending October 2018, ICE saw its energy volume average at 2.98 million contracts per day, which represents an increase of three percent month-on-month compared with 2.89 million contracts in September 2018. Across a yearly interval, the latest figure also reported a 14 advance from 2.62 million contracts per day in October 2017.
In terms of ICE’s total commodities volume, the figure was strong in its overall performance, amounting to an average of 3.43 million contracts per day in October 2018, up 2.5 percent vs. 3.35 million in the month prior. The group’s commodities activity was also higher by 17 percent year-on-year when weighed against 2.92 million contracts reported back in October 2017.
Meanwhile, ICE disclosed mixed metrics across its foreign exchange and credit volumes, which averaged 26,000 contracts per day. The figure reversed the narrative because while the firm posted a 27 percent drop month-over-month from 36,000 contracts the previous month, the exchange registered a nine percent progress when compared to 24,000 contracts a year ago.
Finally, the overall financial products, which also include interest rates and equity indices, ticked up 53 percent year-on-year after revealing 3.15 million contracts per day compared to 2.06 million in October 2017.