ICE FX Volumes Show Strong Rebound in May 2018

Intercontinental Exchange (NYSE:ICE), a global network of exchanges and clearing houses, has reported its latest aggregated volumes for the month ending May 2018, which were characterized by improved results across its FX business, according to an ICE statement.

During the reported month, ICE’s May average daily volume (ADV) for futures and options business was reported at 6.54 million contracts per day, which corresponded to an advance of 20 ‎percent month-over-month from ‎5.45 million per day in April 2018. Also, this latest figure marks a 18.6 percent gain over May 2017 which came in at 5.5 million contracts per day.

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For the month ending May 2018, ICE saw its energy volume average at 2.8 million contracts per day, which represents an advance by 4.9 percent month-on-month compared with 2.7 million contracts in April 2018. Across a yearly interval, the latest figure reported a -4.5 fall from 2.96 million contracts per day in May 2017.

Regarding ICE’s total commodities volume, the figure was flat in its overall performance, amounting to an average of 3.24 million contracts per day in May 2018, up 0.6 percent vs. 3.22 million in the month prior. The group’s commodities activity was lower by -2.1 percent year-on-year when weighed against 3.3 million contracts reported back in May 2017.

Meanwhile, ICE disclosed strong metrics across its foreign exchange and credit volumes, which averaged 31,000 contracts per day. The figure reflected a 19 percent gain month-over-month from 26,000 contracts the previous month. The exchange’s FX business also registered a zero change when compared to the same figure of contracts a year ago.

Finally, the overall financial products, which also include interest rates and equity indices, climbed by 49 percent year-on-year after revealing 3.3 million contracts per day compared to 2.2 million in May 2017.

Last month, Intercontinental Exchange has made its latest splash in the mergers and acquisition space. The global operator of exchanges and clearing houses has entered into an agreement to acquire TMC Bonds LLC for a sum of $685 million in cash, helping shore up its fixed income capabilities.

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