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.

Read this next

Digital Assets

Revolut receives FCA’s go-ahead to launch crypto trading

British fintech and banking firm Revolut has received a regulatory go-ahead to launch its cryptocurrency services in the UK.

Digital Assets

GBTC share is trading at 36% below bitcoin spot price

Grayscale Bitcoin Trust share has widened its discount relative to the underlying cryptocurrency held in the fund, the highest margin ever since its debut in 2013. Digital Currency Group’s flagship GBTC shares traded at a discount of 35.8% to net asset value (NAV) today.

Digital Assets

Crypto lender Nexo investigated by 8 US state regulators

State securities regulators in New York, California, Kentucky, Maryland, Oklahoma, South Carolina, Washington and Vermont are investigating crypto lender Nexo for allegedly failing to register its Earn Interest Product.

Metaverse Gaming NFT

Astar Network’s ad features 329 top brands to support Web3 in Japan

Blockchain innovation hub Astar Network is making strides in promoting the Web3 adoption worldwide. In yet another milestone, the smart contracts platform has run a national newspaper ad in Japan that set a new global record with participation from 329 blue-chip firms.

Digital Assets

Pyth Network welcomes onchain data from crypto market maker Auros

“By sharing our high-frequency trading data with a truly onchain decentralized network, we aim to foster innovation that will lead to better financial solutions for all participants.”

Digital Assets

Tokeny integrates Ownera to boost liquidity of tokenized assets

“The adoption of FinP2P will result in higher liquidity and better access to capital and assets by providing regulated firms with one secure point of connection to multiple digital asset networks across the globe.”

Digital Assets

BingX launches subsidy vouchers to cover user losses in copy trading

“With the introduction of copy trade subsidy vouchers, new users can easily try out trading strategies without incurring losses.”

Digital Assets

Talos expands sales team: Frank van Zegveld, Matt Houston, Hillary Conley

“The extensive leadership and industry expertise of these new hires will enable us to build long-lasting relationships as we continue to build out our global presence in EMEA and beyond.”

Executive Moves

FX and CFD broker Emporium Capital hires industry veteran Robert Woolfe as COO

His past experience within the FX and CFD industry includes top roles at Capital Index, London Capital Group, GKFX, ETX Capital, and IG.  “I’m delighted to be part of the Emporium Capital team and spearheading the brokerages global expansion plans”, he said about the appointment.