Intercontinental Exchange’s FX Volumes Down 27% in April 2018

ICE disclosed weak metrics across its foreign exchange and credit volumes, ‎which averaged 26,000 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 April 2018, which were characterized by reduced results across its FX business, according to an ICE statement.

During the reported month, ICE’s April average daily volume (ADV) for futures and options business was reported at 5.45 million contracts per day, which corresponded to a drop of ‎-7.42 ‎percent month-over-month from ‎5.9 million per day in March 2018. Also, this latest figure marks a 6.6 percent loss over April 2017 which came in at 5.83 million contracts per day.

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For the month ending April 2018, ICE saw its energy volume average at 2.7 million contracts per day, which represents an advance by 4.2 percent month-on-month compared with 2.6 million contracts in March 2018. Across a yearly interval, the latest figure reported a -3.6 fall from 2.8 million contracts per day in April 2017.

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Regarding ICE’s total commodities volume, the figure was positive in its overall performance, amounting to an average of 3.22 million contracts per day in April 2018, up 7.3 percent vs. 3.0 million in the month prior. The group’s commodities activity was lower by -2.0 percent year-on-year when weighed against 3.3 million contracts reported back in April 2017.

Meanwhile, ICE disclosed weak metrics across its foreign exchange and credit volumes, which averaged just 26,000 contracts per day. The figure reflected a 28 percent drop month-over-month from 36,000 contracts the previous month. The exchange’s FX business also registered a -13 percent drop when compared to 28,000 contracts a year ago.

Finally, the overall financial products, which also include interest rates and equity indices, shed by 23 percent year-on-year after revealing 2.22 million contracts per day compared to 2.54 million in April 2017.

 

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