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 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 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.
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.
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 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.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
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.
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.