July trading volumes at ICE on the decline after June’s high point

North American multi-asset electronic trading venue IntercontinentalExchange (ICE) has today announced its trading volume metrics for July 2014, a month during which trading activity has contrasted significantly compared to the previous month.

In line with LeapRate’s prediction, trading activity increased at some venues, ICE being a case in point, as the exchange reported a 60% increase in monthly FX volumes in June compared to May.

This upward direction has been somewhat short lived, with today’s reporting of July’s FX trading volumes weighing in some 37% short of June’s results.

Average FX daily volumes at ICE amounted to 20,000 in July, compared with 32,000 in June.

Last summer represented an extended period of record volumes for both trading venues and retail FX firms alike, therefore when comparing July this year to the same period in 2013, a 41% decrease in volumes is apparent.

Western exchanges have recently demonstrated increasing interest in supporting exchange traded FX order flow, with NASDAQ OMX and CME being cases in point. The downturn in FX volumes at ICE is perhaps an indicator that despite the great investor confidence exchanges provide, these low volumes across the banking sector, OTC FX industry and exchanges is still omnipresent. Indeed, the one exception has been Singapore Exchange, which reported a threefold increase in volumes earlier today.

For the full report on ICE trading volumes for July 2014, click here.

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July trading volumes at ICE on the decline after June's high point


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