ICE’s December Metrics Reveal Growth in FX and Commodities Volumes

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 houses, has reported its December 2016 volumes, which saw positive flows across various segments, including 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 and commodities derivatives, according to an ICE statement.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong

For the month ending December 2016, ICE saw its energy volume average 2.533 million contracts per day, which represents a jump of 6.9% YoY compared with 2.368 million contracts in December 2015. Across a monthly interval however, the latest figure reported a -15.5 percent drop from 2.999 contracts per day in November 2016.

In terms of ICE’s total commodities volume, the figure was also upbeat in its overall performance, managing to average 2.833 million contracts per day in December 2016, which was good for a YoY advance of 8.2% vs. 2.618 million in the same period of last year.

Meanwhile, ICE has also notched growth across its foreign exchange (FX) and credit volumes, which averaged 53,000 contracts per day, up 12.8 percent from just 47,000 contracts a year ago, and also registered a 15.2 percent increase over November 2016.

However, the total financials, which also include interest rates and equity indices, orchestrated a decline of -8.5 percent YoY after revealing only 2.057 million contracts per day from 2.249 million in December 2015.