Intercontinental Exchange’s Volumes in January 2017 Reveal Mixed Performance

ICE has also notched growth across its foreign exchange and credit volumes, which averaged 48,000 contracts per day.

Intercontinental Exchange (NYSE:ICE), a global network of exchanges and clearing houses, has reported its January 2017 volumes, which saw positive flows across various segments, but also reflected a weak performance when weighed against the same period of 2016, according to an ICE statement.

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For the month ending January 2017, ICE saw its energy volume average 2.872 million contracts per day, which represents a jump of 13.8 percent month-on-month compared with 2.533 million contracts in December 2016. Across a yearly interval however, the latest figure reported a -9.0 percent drop from 3.159 million contracts per day in January 2016.

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In terms of ICE’s total commodities volume, the figure was also upbeat in its overall performance, managing to average 3.236 million contracts per day in January 2017, which was good for a month-on-month advance of 14.3 percent vs. 2.833 million in the month prior. The group’s commodities activity was also lower by -10.7 percent year-on-year when weighed against 3.625 million contracts reported back in January 2016.

Meanwhile, ICE also notched growth across its foreign exchange and credit volumes, which averaged 48,000 contracts per day. The figure reversed the narrative, because while the firm posted a 23.0 percent increase year-on-year from just 39,000 contracts a year ago, the exchange registered a -9.43 percent drop in December 2016.

Finally, the overall financial results, which also include interest rates and equity indices, orchestrated a decline of -11.1 percent year-on-year after revealing only 2.372 million contracts per day compared to 2.668 million in January 2016.

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