Total FX ADV Up 35% MoM In March At Intercontinental Exchange Group

March 2014 FX average daily trading volume dropped 31% YoY and during the whole first quarter of the year at

the ice logoIntercontinental Exchange Group (ICE), the network of exchanges and clearing houses, today reported its metrics and trading volumes for March and the first quarter of 2014 showing an improvement in its FX business over the previous month but a declines on a yearly basis.

The total FX average daily trading volume (ADV), which includes futures and options for the U.S. Dollar Index and foreign exchange reached 31,000 contracts in March, that is an increase of about 35% from the same figure for February 2014 at ICE but a drop of 31% from March of the previous year.

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During the whole first quarter of the year at ICE, the same total FX ADV reached only 27,000 contracts, a decrease of about 30% from Q1 of last year.

For comparison purposes, ICE’s March 2014 and Q12014 total ADVs decreased 16% and 13%, respectively, compared to prior year periods. These figures include trading on varied types of commodities such as energy, agricultural and metals as well as interest rates and equities.

March 2014 ICE Highlights:

  • Liffe successfully launched the 30-Year Ultra Long Gilt futures contract on March 31; 2,412 contracts traded on the first day.
  • ICE announced clearing for Markit iTraxx Senior Financials credit default swap (CDS) index instruments at both of its CDS clearing houses.
  • Monthly total volume and ADV records were established in EU Allowance futures, UK Natural Gas futures, Russell 1000 Value Index futures and across several mini MSCI Index futures contracts.
  • A daily volume record of 862,468 contracts was set on March 18 in FTSE 100 Index futures.
  • Open interest records were established in Low Sulphur Gasoil futures, Sugar 16 futures, futures on the DTCC GCF Repo indices and across several mini MSCI Index futures contracts and UK Natural Gas, Newcastle Coal, Richards Bay Coal and Rotterdam Coal options contracts.
  • ICE finalized the acquisition of NYSE Euronext on November 13, 2013. For comparison purposes NYSE Euronext volumes are included for all periods covered.
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