ICE registers 38% MoM drop in Forex volumes in July 2015

Intercontinental Exchange Inc (NYSE:ICE), the international operator of exchanges and clearing houses, earlier today reported its operating metrics for July 2015, with the month showing results that failed to match the achievements of June 2015.

Average daily volumes for FX&Credit exchange-traded contracts amounted to 43,000 contracts in July 2015, down by significant 37.7% from June 2015 ADVs of 69,000 contracts.

On the brighter side, the Forex & Credit volumes were sharply up from a year ago – when compared to July 2014, the ADVs registered in July 2015 were massive 111% higher.

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

Commodity ADV increased 4% in annual terms, with gasoil, other oil, natural gas and sugar ADV up 25%, 7%, 6% and 15% respectively, from the prior July.

Financials ADV, however, declined 2% from July 2014 mostly due to weak single stock equity futures volume, partially offset by European short-term interest rate volumes, which increased 18% in annual terms.

NYSE’s U.S. cash equities ADV rose by 23% from July 2014, while U.S. equity options ADV declined 14% over the prior July. NYSE’s U.S. cash equities market share was 23.8% and NYSE’s U.S. options market share was 19.9%.

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For the official announcement from ICE, click here.

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