FX Volumes Rise 50pct YoY at Intercontinental Exchange

Atlanta-headquartered futures exchange, Intercontinental Exchange, which also operates clearing houses and serves OTC markets, on Wednesday disclosed weak metrics across its FX and credit volumes for January, which averaged 40,000 contracts per day.

The figure reflected a zero change month-over-month from the number of FX contracts in December 2020. However, the exchange operator registered a stronger advance in volumes when compared to January 2020, having jumped by over 50% year-on-year from 26,000.

The overall financial products, which also include interest rates and equity indices, dropped 27 percent year-on-year after revealing 2.18 million contracts per day compared to 2.97 million in January 2020. However, the figure rose by one percent over a monthly basis.

Data Shows Strength in Energy Volumes

Turnover from ICE’s flagship energy contracts strengthened to fresh highs in January, according to data released today, as the volatility ticked up.

For the month ending January 2020, the owner of the New York Stock Exchange saw its energy volume average 3.32 million contracts per day, which represents an increase of 35 percent month-on-month compared with 2.46 million contracts in December 2020. Across a yearly interval, the latest figures showed a 5 percent drop from 3.51 million contracts per day in January 2020.

In terms of ICE’s total commodities volume, the figure was also upbeat in its overall performance, amounting to an average of 3.72 million contracts per day in January 2021, which is up 36 percent vs. 2.7 million for the month prior. The group’s commodities activity was skewed to downside year-on-year when weighed against 4.0 million contracts reported back in January 2020.

Overall, ICE’s aggregated volumes were characterized by mixed results across both the monthly and yearly intervals while volumes were broadly up in January across most business segments.

During the reported month, ICE’s January average daily volume (ADV) for futures and options business was reported at 5.91 million contracts per day, which corresponded to a change of 20 percent month-over-month from 4.91 million per day in December 2020. In addition, this latest figure marks a -16 percent drop over January 2020 which came at 7.0 million contracts per day.

(Photo: U.S. Department of Agriculture)

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