‘TOTAL FX’ volumes on ICE up 17% MoM

“TOTAL FX” volumes on the Intercontinental Exchange (NYSE: ICE) which includes futures and options for the U.S. Dollar Index and foreign exchange contracts are up 17% in May from April coming in at 20,000 Average Daily Volume (ADV) contracts up from April’s 17,000 contracts but still way down compared to May 2013’s 43,000 (ADV), which registers a 54% drop.

Furthermore, year-to-date (YTD), through the first 5 months of the year in 2014 sees an average daily volume of only 24,000 contracts, while YTD average daily volume from Jan to May of 2013 stood at 38,000…a 38% decrease.

With ultra low interest rates remaining stagnant across most of the G10 and no geopolitical disruptions, volumes could remain mute for the rest of the summer, but anything can happen…

Even though the broader market was up a bit today as of afternoon trading, (NYSE: ICE) was trading off 1% down to $192.98.

To view the complete ICE volume, click here.

Source: Intercontinental Exchange, Inc.


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'TOTAL FX' volumes on ICE up 17% MoM


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