NYSE-Owner ICE Reveals Mixed Volumes for FX Business in August

Intercontinental Exchange (NYSE:ICE), owner of the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, today disclosed mixed metrics across its FX and credit volumes, which averaged 24,000 contracts per day.

The figure reflected a 4.3 percent increase month-over-month from just 23,000 contracts in July 2018. However, the exchange operator registered a 14 percent loss in volumes when compared to 28,000 contracts in August 2017.

The overall financial results, which also include interest rates and equity indices, orchestrated a gain of 21.5 percent year-on-year after revealing 2.2 million contracts per day compared to 1.8 million in August 2017. The figure is also higher by a similar percentage over a monthly basis.

Turnover from ICE’s flagship energy contracts dropped further to fresh lows in August, according to data released today, as range-bound moves in prices reduced interest from retail and speculative investors.

For the month ending August 2018, ICE saw its energy volume average 2.2 million contracts per day, which represents a drop of 4.8 percent month-on-month compared with 2.3 million contracts in July 2018. Across a yearly interval, the latest figures also show a 12 percent fall from 2.5 million contracts per day in August 2017.

Rivals data shows strength in volumes

Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term surged last month after a typical calm in summer, roiling global markets, with turbulence remaining elevated through the end of August, benefiting 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 4.81 million contracts per day, which corresponded to an increase of 7.6 percent month-over-month from 4.47 million per day in July 2018. In addition, this latest figure marks a 3.5 advance over August’ 2017 which came at 4.65 million contracts per day.

In terms of ICE’s total commodities volume, the figure was downbeat in its overall performance, amounting to average 2.61 million contracts per day in August 2018, down 1.2 percent vs. 2.65 million the month prior. The group’s commodities activity was also lower by 8 percent year-on-year when weighed against 2.84 million contracts reported back in August 2017.