February FX volumes rise 21pct MoM at Intercontinental Exchange

abdelaziz Fathi

Atlanta-headquartered futures exchange, Intercontinental Exchange, which also operates clearing houses and serves OTC markets, disclosed strong metrics across its FX and credit volumes for February, which averaged 40,000 contracts per day.


The figure reflected a 21 percent increase month-over-month from the number of FX contracts in January 2022. However, the exchange operator registered a notable drop in volumes when compared to February 2021, having fallen by over 5% year-on-year from 42,000.

The overall financial products, which also include interest rates and equity indices, rose 69 percent month-on-month after revealing 3.3 million contracts per day compared to 1.95 million in January. However, the figure was down by 4 percent over a ayearly basis.

Data shows strength in energy volumes

Turnover from ICE’s flagship energy contracts strengthened to fresh highs in February, according to data released today, as the volatility ticked up.

For the month ending February 2022, the owner of the New York Stock Exchange saw its energy volume average 3.94 million contracts per day, which represents an increase of 16 percent month-on-month compared with 3.40 million contracts in January 2022. Across a yearly interval, the latest figures also showed a 12 percent increase from 3.52 million contracts per day in February 2021.

In terms of ICE’s total commodities volume, the figure was also upbeat in its overall performance, amounting to an average of 4.43 million contracts per day in February 2022, which is up 17 percent vs. 3.78 million for the month prior. The group’s commodities activity was also skewed to upside year-on-year when weighed against 4.05 million contracts reported back in February 2021.

Overall, ICE’s aggregated volumes were characterized by positive results across both the monthly and yearly intervals while volumes were broadly up in February across most business segments.

During the reported month, ICE’s February average daily volume (ADV) for futures and options business was reported at 7.73 million contracts per day, which corresponded to a change of 35 percent month-over-month from 5.73 million per day in January 2022. In addition, this latest figure marks a 3 percent advance over February 2021 which came at 7.48 million contracts per day.

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