ICE Reports June 2015 Volumes, FX Contracts Undergo Relentless Growth

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 (NYSE: ICE), a global network of exchanges and 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, has reported its operating volumes for the month ending June 2015, according to recently released ICE statement.

Last month, ICE’s May 2015 futures and options average daily volume (ADV) yielded a decline of -8.0% YoY compared against May 2014. Alternatively, commodities ADV was reported at 2,547,000 in May 2015, climbing 16% YoY from 2,203,000 contracts in May 2014 as well.

For the month ending June 2015 however, futures and options ADV witnessed a marginal decline of -1% YoY from June 2014. By extension, commodities ADV notched a growth of 7% YoY from June 2014. ICE’s June performance was hardly an even affair however, with its interest rate business diving -18% YoY from June 2014.

Moreover, equity derivatives ADV on ICE came in at just 988,000 contracts in June 2015, falling -2.1% MoM from 1,009,000 contracts in May 2015. Across a yearly timeframe, June 2015’s performance substantiates a growth of 10.5% YoY from 894,000 seen in June 2014.

One particular area of steadfast growth during the month ending June 2015 was seen in ICE’s foreign exchange (FX) and credit at ICE – June 2015 saw an ADV of 69,000 contracts, besting May 2015’s figure of 56,000 contracts by a factor of 23.2% MoM. Expanding the snapshot to include last year’s figures, June 2015’s 69,000 contracts represent a 116% growth YoY from 32,000 contracts in June 2014.

Last month, ICE made headlines when it revealed that ICE Futures Europe was going ahead with its plans to launch Eris standard interest rate futures contracts denominated in both Euro (EUR) and Pound Sterling (GBP). The futures launched back on June 29, 2015.