FX Volumes Rise 35pct YoY at Intercontinental Exchange

Atlanta-headquartered futures 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, Intercontinental Exchange, which operates Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term 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 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 on 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 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 decreased 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 in February 2020, which came at 7.58 million contracts per day.