FX volume resurgence at IntercontinentalExchange in March – 113% increase in FX ADVs compared to February


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

Whilst February was a month in which average daily volumes (ADV) contracted by 23% to 39,000 contracts compared with January, March 2015 saw a swing in the opposite direction with 83,000 contracts on average per day traded during the month.

This represents a remarkable 112.8% increase compared with February,

FX led IntercontinentalExchange’s fortunes in March, as other asset classes lagged slightly. When viewing the firm’s performance on an annual basis, its financials ADV declined 22% from the previous March primarily due to continued low volatility in Continental European short-term interest rates and single stock equities, partially offset by a 9% and 6% increase in Sterling and Gilt ADV, respectively.

Congruent with many FX firms and trading venues, both OTC and exchange-traded FX volumes took 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, however most certainly the volume figures displayed in March clearly demonstrate a return to form for IntercontinentalExchange.

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FX volume resurgence at IntercontinentalExchange in March - 113% increase in FX ADVs compared to February

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