NYSE-owner ICE reports weak FX volumes for August 2022

abdelaziz Fathi

Intercontinental Exchange (NYSE:ICE), owner of the New York  Stock Exchange, today reported weak metrics across its FX and credit volumes for August, which averaged 45,000 contracts per day.

The Atlanta-headquartered futures exchange, which also operates clearing houses and serves OTC markets, said the figure was lower by 4 percent month-over-month from the number of FX contracts in July. However, the exchange operator registered a notable advance in volumes when compared to August 2021, having risen by 55 percent year-on-year from 29,000.

The overall financial products, which also include interest rates and equity indices, climbed 35 percent over a yearly basis after revealing 2.32 million contracts per day compared to 2.26 million in July. In addition, the figure rose by 3 percent month-on-month.

Data shows weakness in energy volumes

Turnover from ICE’s flagship energy contracts weakened to fresh lows last month, according to data released today, as the volatility eased.

For the month ending August 2022, the owner of the New York Stock Exchange saw its energy volume average 2.53 million contracts per day, which represents a -6 change month-on-month. Across a yearly interval, the latest figures were lower by 17 percent from 3.04 million contracts per day in August 2021.

In terms of ICE’s total commodities volume, the figure was also mixed in its overall performance, amounting to an average of 2.9 million contracts per day in August 2022, which is down 5 percent vs. 3.06 million for the month prior. The group’s commodities activity was skewed to downside year-on-year when weighed against 3.42 million contracts reported back in 2021.

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

During the reported month, ICE’s June average daily volume (ADV) for futures and options business was reported at 5.22 million contracts per day, which corresponded to a change of -2 percent month-over-month from 5.33 million per day in July 2022. In addition, this latest figure marks a 2 percent increase over August 2021 which came at 5.14 million contracts per day.

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