IntercontinentalExchange Reports Breakout June FX Volumes

Following solid FX trading figures from the CME Group, the IntercontinentalExchange (ICE) has reported its own set of stellar results

iceFollowing solid FX trading figures from the CME Group, the IntercontinentalExchange (ICE) has reported its own set of stellar results for June. During the just concluded month, average daily volumes of its FX products were 59,919 contracts. The figures represented a 36% year over year gain, and 38.4% above May’s figures. The month included the announcement that the trading venue had set an all-time record for daily volumes on June 6th, following a sharp selloff in the US dollar. FX trading volumes at the ICE are composed primarily of the unit’s Dollar Index products.

Overall at the ICE, average daily volumes at the exchange were 3,465,509 contracts, which was 4% below the same period last year, but 4.4% above May’s results. Month over month contract volume gains were paced by Equity Index products, which experienced an astounding 86% increase in activity during June. In addition, Agricultural futures did well, with the division seeing a 68.7% in month over month volumes.

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