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NYSE-owner ICE reports weak volumes for FX business in January 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 January, which averaged 33,000 contracts per day.

The Atlanta-headquartered futures exchange, which also operates clearing houses and serves OTC markets, said the figure was lower by 6 percent month-over-month from the number of FX contracts in December 2021. Further, the exchange operator registered a larger drop in volumes when compared to January 2021, having fallen by 18 percent year-on-year from 40,000.

The overall financial products, which also include interest rates and equity indices, were down by 11 percent year-on-year after revealing 1.95 million contracts per day compared to 2.18 million in January 2021. However, the figure rose by 12 percent over a monthly basis.

Turnover from ICE’s flagship energy contracts continued to print fresh highs in January, according to data released today, as the volatility increased.

For the month ending January 2022, the owner of the New York Stock Exchange saw its energy volume average 3.40 million contracts per day, which represents a rise by 30 percent month-on-month compared with 2.62 million contracts in December 2021. Across a yearly interval, the latest figures showed a 2 percent increase from 3.32 million contracts per day in January 2021.

ICE’s total ADV crossed 5.37 million contracts

In terms of ICE’s total commodities volume, the figure was also strong in its overall performance, amounting to an average of 3.78 million contracts per day in January 2022, which was up 31 percent from the month prior. The group’s commodities activity was skewed to upside year-on-year when weighed against 3.72 million contracts reported back in January 2022.

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

During the reported month, ICE’s January average daily volume (ADV) for futures and options business had crossed the 5.37 million contracts per day, which corresponded to an advance of 24 percent month-over-month from 4.64 million per day in December 2021. However, this latest figure marks a 3 percent drop over January 2021 which came at 5.91 million contracts per day.

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