FX Volumes Rise 35pct YoY at Intercontinental Exchange

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Atlanta-headquartered futures exchange, Intercontinental Exchange, which also operates clearing houses and serves OTC markets, on Wednesday disclosed positive metrics across its FX and credit volumes for February, which averaged 42,000 contracts per day.

Against a backdrop record of high volatility, the figure reflected a 5 percent increase month-over-month from the number of FX contracts in January 2020. However, the exchange operator registered a stronger advance in volumes when compared to February 2020, having jumped by over 35 percent year-on-year from 31,000.

The overall financial products, which also include interest rates and equity indices, rose 12 percent year-on-year after revealing 3.43 million contracts per day compared to 3.05 million in February 2020. Additionally, the figure rose by 57 percent over a monthly basis.

Data Shows Mixed Energy Volumes

For the month ending February 2021, the owner of the New York Stock Exchange saw its energy volume average 3.52 million contracts per day, which represents an increase of 6 percent month-on-month compared with 3.32 million contracts in January 2020. Across a yearly interval, the latest figures showed a 9 percent drop from 3.87 million contracts per day in February 2020.

In terms of ICE’s total commodities volume, the figure was also mixed in its overall performance, amounting to an average of 4.05 million contracts per day in February 2021, which is up 9 percent vs. 3.72 million for the month prior. The group’s commodities activity was skewed to downside year-on-year when weighed against 4.52 million contracts reported back in February 2020.

During the reported month, ICE’s February average daily volume (ADV) for futures and options business was reported at 7.48 million contracts per day, which corresponded to a change of 27 percent month-over-month from 5.91 million per day in January 2020. In addition, this latest figure marks a slight drop over February 2020 which came at 7.58 million contracts per day.

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