Average daily FX volumes drop substantially to 39,000 at IntercontinentalExchange in February

North American multinational network of electronic exchanges and clearing houses Intercontinental Exchange (NYSE: ICE) has today reported its trading metrics for February 2015.

Average daily volumes for February came to 39,000 contracts in February, representing a 23% decline compared with the previous month of January.

Following on from December’s healthy 53,000 contracts on average per day, the company began the year with steady performance, as January’s average daily FX volume stood at 51,000 contracts, a momentum which has not been maintained in February.

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Indeed, congruent with many FX firms and trading venues, both OTC and exchange-traded FX volumes have taken a dip in February following a buoyant final quarter of 2014 which heralded a return to higher volumes, and a highly active January across the industry.

ICE’s February 2015 futures and options average daily volume (ADV) declined 6% compared to February 2014.

  • Commodity ADV increased 11% led by Brent, Gasoil and Other Oil up 61%, 38% and 74%, respectively, from the prior February.
  • ADV records were set in Brent, Gasoil, Total Oil futures, WTI options as well as UK Natural Gas futures and TTF Natural Gas futures and options. Open interest records were set in Brent futures and options, WTI options and UK Natural Gas futures and options.
  • Financials ADV declined 25% from the previous February primarily due to continued low volatility in Continental European short-term interest rates.


To view the official announcement from IntercontinentalExchange, click here.

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