Intercontinental Exchange’s October Metrics Mixed, Equities and FX Fall
- Volumes were largely mixed with equities and FX leading a MoM decline despite overall futures growth.
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), an international network of exchanges and clearing houses, has reported its latest aggregated volumes for the month ending October 2016, which was characterized by a consecutive monthly gain, following recent 2016 lows back in August, according to an ICE statement.
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During October 2016, ICE’s futures and options business, as reflected by its average daily volume (ADV), was reported at 5.5 million per day, which corresponded to a growth of 5.8% MoM from 5.2 million contracts per day in September 2016 – this latest figure marks the exchange’s first consecutive monthly growth this year.
Despite the absence of any specific market drivers or an uptick in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, October 2016 was broadly higher across most business segments MoM. Over a yearly timetable, October 2016’s ADV was also noticeably higher by a factor of 17.0% YoY from 4.7 million per day in October 2015.
Commodities Volumes Growth Stalls
ICE also held onto most of its recent gains in commodities volume, with ADV stagnating to 3.0 million contracts per day in October 2016, virtually unchanged MoM from 3.0 million contracts per day in September 2016. During October 2016, commodities ADV also rose 7.1% YoY from 2.8 million contracts per day during October 2015.
The one exception to the month was across the group’s equity indices ADV, which came in at just 338,000 contracts per day in October 2016, paring the majority if last month’s recent gains. Relative to last month, the figure also plunged by -49.1% MoM from 664,000 in September 2016, which had been its higher value in 2016.
FX ADV Pulls Back
Another area that saw a weak performance in term of volumes in October was ICE’s foreign exchange (FX) and credit volumes, which also dropped to an ADV of just 28,000 contracts per day in October 2016, failing to overtake a 36,000 in September 2016. The volumes registered a decline of -22.2% MoM though were down -15.2% YoY from 33,000 contracts per day in October 2015.
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), an international network of exchanges and clearing houses, has reported its latest aggregated volumes for the month ending October 2016, which was characterized by a consecutive monthly gain, following recent 2016 lows back in August, according to an ICE statement.
Don't miss your last chance to sign up for the FM London Summit. Register here!
During October 2016, ICE’s futures and options business, as reflected by its average daily volume (ADV), was reported at 5.5 million per day, which corresponded to a growth of 5.8% MoM from 5.2 million contracts per day in September 2016 – this latest figure marks the exchange’s first consecutive monthly growth this year.
Despite the absence of any specific market drivers or an uptick in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, October 2016 was broadly higher across most business segments MoM. Over a yearly timetable, October 2016’s ADV was also noticeably higher by a factor of 17.0% YoY from 4.7 million per day in October 2015.
Commodities Volumes Growth Stalls
ICE also held onto most of its recent gains in commodities volume, with ADV stagnating to 3.0 million contracts per day in October 2016, virtually unchanged MoM from 3.0 million contracts per day in September 2016. During October 2016, commodities ADV also rose 7.1% YoY from 2.8 million contracts per day during October 2015.
The one exception to the month was across the group’s equity indices ADV, which came in at just 338,000 contracts per day in October 2016, paring the majority if last month’s recent gains. Relative to last month, the figure also plunged by -49.1% MoM from 664,000 in September 2016, which had been its higher value in 2016.
FX ADV Pulls Back
Another area that saw a weak performance in term of volumes in October was ICE’s foreign exchange (FX) and credit volumes, which also dropped to an ADV of just 28,000 contracts per day in October 2016, failing to overtake a 36,000 in September 2016. The volumes registered a decline of -22.2% MoM though were down -15.2% YoY from 33,000 contracts per day in October 2015.