Total Average Daily FX Volumes on ICE Rise by 25% to 25,000 Contracts

Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (ICE), the conglomerate of exchanges and clearing houses, has just released its exchange traded volumes for August 2014.

Total FX Average Daily Volume (ADV), including futures and options for the US Dollar Index and foreign exchange, reached 25,000 contracts, up 25% from July's 20,000 contracts. On a yearly comparison, the figure is 28% lower than August 2013 and the Year-to-date ADV (ADV YTD) was only 24,000 in August 2014, 40% less than the same period the previous year.

Highlights for August 2014:

• ICE’s August average daily volume (ADV) for futures and options was 4.4 million contracts, down 11% compared to August 2013.
• Commodity ADV declined 13% year-to-year, with energy ADV down 13%, offset by other oil ADV which increased 6%.
• Financials ADV declined 9% over the prior August due to continued low Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term in European short-term interest rates. ADV for medium and long-term interest rate contracts increased 15%, and equity index and single stock ADV rose 14% and 45%, respectively, over the prior August.
• In August, NYSE’s US cash equities and options ADV declined 7% and 8%, respectively, year-to-year.
• US cash equities market share was 22.9% and US options market share was 22.6%.

Last month, it was reported that for the quarter ended June 30, 2014, consolidated net income attributable to ICE was $226 million, an increase of about 47% from Q2 2013 and consolidated revenues, less transaction-based expenses, reaching $750 million, up about 102% from the same quarter of the previous year.