ICE Reports 8% increase in May average daily futures volume, FX volume surges

Just like many Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers and the CME Group, which too reported its results today showing a 3% year on year decrease and 25% month on month increase, ICE's fx volumes too showed similar trend of fx volumes recovering in the past month. ICE's currency futures and options contracts dropped over 20% year on year in May (comparing to May 2011) but jumped over 46% month on month (comparing to April 2012).

Many forex brokers are (carefully) reporting that the past month or so is showing signs of recovery. Forex volumes slid in double digits for most fx brokers in the market, retail and institutional alike.

ATLANTA, June 4, 2012 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, 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 over-the-counter (OTC) markets, reported volume for May 2012. Average daily volume (ADV) for ICE's futures markets was 1,544,072 contracts, up 8% from May 2011. Year-to-date through May 31, ADV across ICE's futures exchanges was 1,550,313 contracts, an increase of 3% compared to the first five months of 2011. Total May futures volume was 34 million contracts, up 13% from May 2011.

ICE Futures Contracts & Markets Monthly ADV

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