NYSE-Owner ICE Reports 30% Rise in November FX Volumes

ICE’s November ADV for futures and options business was reported at 6.62 million contracts per day.

Georgia-based Intercontinental Exchange, or ICE, on Thursday disclosed positive metrics across its FX and credit volumes, which averaged 30,000 contracts per day.

The figure reflected a 15 percent increase month-over-month from just 26,000 contracts in October 2018. In addition, the exchange operator registered a 30 percent advance in volumes when compared to 23,000 contracts in November 2017.

The overall financial products, which also include interest rates and equity indices, orchestrated a gain of 34 percent year-on-year after revealing 2.87 million contracts per day compared to 2.14 million in November 2017. However, the figure is lower by nearly 10 percent over a monthly basis.

Turnover from ICE’s flagship energy contracts rose further to fresh highs in November, according to data released today, as the recent free-fall in prices heightened interest from retail and speculative investors.

For the month ending November 2018, the owner of the New York Stock Exchange saw its energy volume average 3.36 million contracts per day, which represents a rise of 12.8 percent month-on-month compared with 2.98 million contracts in October 2018. Across a yearly interval, the latest figures also show an 18 percent gain from 2.85 million contracts per day in November 2017.

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Volatility consolidated last month on a typical calm ahead of the year-end, though roiling global markets, with turbulence remaining elevated through the end of November, benefiting some exchange operators.

Overall, ICE’s aggregated volumes were, however, characterized by mixed results across both the monthly and yearly intervals, while volumes were broadly flat in November across most business segments.

During the reported month, ICE’s November average daily volume (ADV) for futures and options business was reported at 6.62 million contracts per day, which corresponded to a flat change of less than one percent month-over-month from 6.59 million per day in October 2018. In addition, this latest figure marks a 23 advance over November’ 2017 which came at 5.38 million contracts per day.

In terms of ICE’s total commodities volume, the figure was upbeat in its overall performance, amounting to average 3.75 million contracts per day in November 2018, up 9.2 percent vs. 4.43 million the month prior. The group’s commodities activity was also higher by 16 percent year-on-year when weighed against 3.32 million contracts reported back in November 2017.

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