NYSE-Owner ICE Reports Rise in August FX Volumes

Turnover from ICE’s flagship energy contracts also rose further to fresh highs in August.

Georgia-based Intercontinental Exchange, or ICE, on Thursday disclosed positive metrics across its FX and credit volumes, which averaged 25,000 contracts per day.

The figure reflected a four percent increase month-over-month from just 24,000 contracts in August 2019. In addition, the exchange operator registered a similar advance in volumes when compared to the number of contracts in August 2018.

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The overall financial products, which also include interest rates and equity indices, orchestrated a gain of 17 percent year-on-year after revealing 2.57 million contracts per day compared to 2.19 million in August 2018. In addition, the figure is also higher by nearly 12 percent over a monthly basis.

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

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For the month ending August 2019, the owner of the New York Stock Exchange saw its energy volume average 2.6 million contracts per day, which represents a rise of two percent month-on-month compared with 2.55 million contracts in July 2019. Across a yearly interval, the latest figures also showed an 18 percent gain from 2.21 million contracts per day in August 2018.

Rivals data shows strength in volumes

Volatility consolidated last month on a typical calm in summer, though roiling global markets, with turbulence remaining elevated through the end of August, 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 August across most business segments.

During the reported month, ICE’s August average daily volume (ADV) for futures and options business was reported at 5.55 million contracts per day, which corresponded to a change of seven percent month-over-month from 5.19 million per day in July 2019. In addition, this latest figure marks a 15.4 advance over August 2018 which came at 4.81 million contracts per day.

In terms of ICE’s total commodities volume, the figure was upbeat in its overall performance, amounting to average 2.98 million contracts per day in August 2019, up 3.1 percent vs. 2.89 million the month prior. The group’s commodities activity was also higher by 14 percent year-on-year when weighed against 2.61 million contracts reported back in August 2018.

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