ICE Reports Record March Trading Volumes

ICE is yet another exchange that has benefitted from the returning volatility so far this year.

Intercontinental Exchange, Inc. (ICE), the parent company of the New York Stock Exchange, has published its trading volumes for March this Friday, as well as the first quarter of 2020, alongside related revenue and statistics.

As Finance Magnates has reported, over the past few days, exchanges, brokerages and trading platforms across the world have reported a solid boost in trading volumes, with some trading providers, such as Integral and Cboe’s spot FX platform achieving the best monthly volumes on record.

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ICE appears to be yet another exchange that has benefitted from the returning volatility caused by the coronavirus pandemic so far this year. In particular, it managed to achieve record futures and options average daily volume of 9.4 million lots, which is an increase of 56 percent on a yearly scale.

The exchange also posted record interest rate futures average daily volume, having risen by 20 percent year-on-year. With Sterling average daily volume climbing by 37 percent on a yearly comparison, and Euribor ADV up by 31 percent.

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During March, ICE reported record energy daily volumes, coming in at 4.4 million lots. When measuring this against the same period of the previous year, it is higher by 82 percent.

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Commenting on the results, Ben Jackson, President of Intercontinental Exchange said in the statement: “In this volatile period, we are grateful to our customers who rely on our dependable, stable and resilient systems amid record activity across every asset class. 

“We’re working around the clock to help ensure the orderly functioning of our markets, providing our customers with the critical risk management tools that these markets provide.”

According to ICE’s report, in March, the average daily volume for NYSE cash equities was 3.9 billion shares, which represents a yearly uptick of 96 percent. The average daily volume of NYSE equity options also jumped by 55 percent year-on-year.

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