ICE’s FX ADV Notches Consecutive Double-Digit Monthly Gain in December

Intercontinental Exchange (NYSE: ICE), a global network of exchanges and clearing houses, has revealed its volumes for the month ending December 2015, which were characterized by uneven figures, namely its foreign exchange (FX) average daily volume, according to a recently released ICE statement.

Last month, ICE’s November 2015 futures and options average daily volume (ADV) yielded 5.0 million contracts, which were up 6.4% MoM when compared against October 2014. Conversely, the group’s FX ADV also had risen 6.1% MoM in November 2015.

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For the month ending December 2015 however, futures and options ADV came in at 4.7 million per day, which represented a fall of -6.0% MoM from 5.0 million contracts per day in November 2015, effectively paring last month’s gains. Additionally, over a yearly timeframe, December 2015’s volumes also underwent yet another strong growth of 17.5% YoY from 4.0 million contracts in December 2014.

By extension, commodities ADV were equally downtrodden MoM, having been reported at 2.6 million contracts per day in December 2015, against 2.8 million contracts in November 2015, or -7.1% MoM.

Additionally, equity indices ADV on ICE came in at just 555,000 contracts per day in December 2015, rising marginally 1.0% MoM from 550,000 in November 2015.

FX Volumes Wither

ICE’s foreign exchange (FX) and credit volumes were notably upbeat in December – an ADV of 47,000 contracts in November 2015 justified a surge of 34.2% MoM from just 35,000 contracts per day in November 2015.

Looking under the lens of last year’s figures in relation to this most recent month, December 2015’s ADV of 47,000 contracts does relate to a YoY decline of -11.0% YoY from 53,000 contracts per day in December 2014 however.