ICE joins exchange-traded FX surge with 23.21% increase in ADV in June

Intercontinental Exchange Inc (NYSE:ICE) has announced its trading volumes for June 2015, averaging 69,000 exchange-traded FX contracts per day.

This represents a remarkable 23.21% increase in FX contracts in June, as May’s average daily volume of 56,000 exchange-traded FX contracts was stagnant by comparison.

May’s results were 5% down from April 2015, when the Forex ADV were also not impressive at 59,000 contracts.

The upturn in volumes which ICE has experienced is congruent with the increased interest in exchange-traded FX that has made its presence felt over the last month, as other venues including Japan’s Tokyo Financial Exchange have reported large upturns in volumes, as exemplified by the rising trading activity in Click365 margin FX contracts last month.

ICE’s June 2015 futures and options average daily volume (ADV) declined 1% compared to June 2014.

  • Commodity ADV increased 7% led by Brent, Gasoil, Other Oil, Nat Gas and Sugar up 1%, 14%, 7%, 6% and 9% respectively, from the prior June.
  • Financials ADV declined 8% from the previous June primarily due to continued low volatility in Continental European short-term interest rates, partially offset by single stock equities and equity indices up 21% and 2%, respectively.

ADV for NYSE’s U.S. cash equities increased 18%, while U.S. equity options ADV declined 23% over the prior June. NYSE’s U.S. cash equities market share was 25.3% and NYSE’s U.S. options market share was 18.6%.



For the official announcement from ICE, click here.

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