Fresh after announcing that shareholders from both the IntercontinentalExchange and NYSE Euronext approved their pending merger, the ICE reported May volume numbers today. Average daily volumes (ADV) for the month totaled 3,317,512 contracts, which was 5% below the same period last year and 13.7% below April figures. In FX, ADV were 43,279 contracts, a 25% increase above May 2012 levels, but 3.2% below April’s figures. The volumes also compare poorly to the CME which saw volumes increase during May.
The ICE also reported that “following successful testing with clearing members, NYSE Liffe and ICE Clear Europe announced plans for ICE Clear Europe to begin clearing the London-based derivatives market of NYSE Liffe on Monday, July 1, 2013, subject to regulatory approvals.”
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