Intercontinental Exchange Reports Weak FX Volumes for February 2018‎

ICE disclosed mixed metrics across its foreign exchange and credit ‎volumes, which averaged 32,000 contracts per day. ‎

Intercontinental Exchange (NYSE:ICE), a global network of exchanges and clearing houses, has reported its latest aggregated volumes for the month ending February 2018, which were characterized by mixed results across its FX business, according to an ICE statement.

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During the reported month, ICE’s February average daily volume (ADV) for futures and options business was reported at 6.7 million contracts per day, which corresponded to a growth of 7.6 percent month-over-month from 6.2 million per day in January 2018. In addition, this latest figure marks a 16 percent increase over February 2017 which came at 5.8 million contracts per day.

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For the month ending February 2018, ICE saw its energy volume average 3.07 million contracts per day, which represents a jump of 1.9 percent month-on-month compared with 3.02 million contracts in January 2018. Across a yearly interval, the latest figure also reported a 4.0 advance from 2.95 million contracts per day in February 2017.

In terms of ICE’s total commodities volume, the figure was upbeat in its overall performance, managing to average 3.6 million contracts per day in February 2018, which was good for a month-on-month advance of 4.7 percent vs. 3.44 million in the month prior. The group’s commodities activity was also higher by 5 percent year-on-year when weighed against 3.4 million contracts reported back in February 2017.

Meanwhile, ICE disclosed mixed metrics across its foreign exchange and credit volumes, which averaged 32,000 contracts per day. The figure reversed the narrative, because while the firm posted a 3.0 percent increase month-over-month from just 31,000 contracts the previous month, the exchange registered a 20 percent drop when compared to 40,000 contracts a year ago.

Finally, the overall financial products, which also include interest rates and equity indices, orchestrated a growth of 32 percent year-on-year after revealing 3.1 million contracts per day compared to 2.34 million in February 2017.

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