Intercontinental Exchange Reports Weak Metrics for March, FX Volumes Advance MoM
- ICE disclosed mixed metrics across its FX and credit volumes, which averaged 36,000 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 March 2018, which were characterized by mixed results across its FX business, according to an ICE statement.
During the reported month, ICE’s March average daily volume (ADV) for futures and options business was reported at 5.9 million contracts per day, which corresponded to a drop of 12 percent month-over-month from 6.7 million per day in February 2018. In addition, this latest figure marks an 11.3 percent loss over March 2017 which came in at 6.6 million contracts per day.
For the month ending March 2018, ICE saw its energy volume average at 2.6 million contracts per day, which represents a decrease by 15.8 percent month-on-month compared with 3.08 million contracts in February 2018. Across a yearly interval, the latest figure also reported a 4.0 fall from 2.7 million contracts per day in March 2017.
In terms of ICE’s total commodities volume, the figure was weak in its overall performance, amounting to an average of 3.0 million contracts per day in March 2018, down 16.8 percent vs. 3.6 million in the month prior. The group’s commodities activity was also lower by 1.5 percent year-on-year when weighed against 3.05 million contracts reported back in March 2017.
Meanwhile, ICE disclosed mixed metrics across its foreign exchange and credit volumes, which averaged 36,000 contracts per day. The figure reversed the narrative because while the firm posted a 13.0 percent increase month-over-month from just 32,000 contracts the previous month, the exchange registered a 22 percent drop when compared to 46,000 contracts a year ago.
Finally, the overall financial products, which also include interest rates and equity indices, shed by 19 percent year-on-year after revealing 2.9 million contracts per day compared to 3.6 million in March 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 March 2018, which were characterized by mixed results across its FX business, according to an ICE statement.
During the reported month, ICE’s March average daily volume (ADV) for futures and options business was reported at 5.9 million contracts per day, which corresponded to a drop of 12 percent month-over-month from 6.7 million per day in February 2018. In addition, this latest figure marks an 11.3 percent loss over March 2017 which came in at 6.6 million contracts per day.
For the month ending March 2018, ICE saw its energy volume average at 2.6 million contracts per day, which represents a decrease by 15.8 percent month-on-month compared with 3.08 million contracts in February 2018. Across a yearly interval, the latest figure also reported a 4.0 fall from 2.7 million contracts per day in March 2017.
In terms of ICE’s total commodities volume, the figure was weak in its overall performance, amounting to an average of 3.0 million contracts per day in March 2018, down 16.8 percent vs. 3.6 million in the month prior. The group’s commodities activity was also lower by 1.5 percent year-on-year when weighed against 3.05 million contracts reported back in March 2017.
Meanwhile, ICE disclosed mixed metrics across its foreign exchange and credit volumes, which averaged 36,000 contracts per day. The figure reversed the narrative because while the firm posted a 13.0 percent increase month-over-month from just 32,000 contracts the previous month, the exchange registered a 22 percent drop when compared to 46,000 contracts a year ago.
Finally, the overall financial products, which also include interest rates and equity indices, shed by 19 percent year-on-year after revealing 2.9 million contracts per day compared to 3.6 million in March 2017.