September FX volumes rise 55pct MoM at Intercontinental Exchange

abdelaziz Fathi

Atlanta-headquartered futures exchange, Intercontinental Exchange, which also operates clearing houses and serves OTC markets, on Tuesday disclosed strong metrics across its FX and credit volumes for September, which averaged 45,000 contracts per day.

The figure reflected a 55 percent increase month-over-month from the number of FX contracts in August 2021. However, the exchange operator registered a notable drop in volumes when compared to September 2020, having fallen by over 10% year-on-year from 50,000.

The overall financial products, which also include interest rates and equity indices, rose 3 percent year-on-year after revealing 2.9 million contracts per day compared to 2.81 million in September 2020. Further, the figure rose by 68 percent over a monthly basis.

Data Shows Strength in Energy Volumes

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

For the month ending September 2021, the owner of the New York Stock Exchange saw its energy volume average 3.48 million contracts per day, which represents an increase of 15 percent month-on-month compared with 3.04 million contracts in August 2021. Across a yearly interval, the latest figures showed a 23 increase drop from 2.83 million contracts per day in September 2020.

In terms of ICE’s total commodities volume, the figure was also upbeat in its overall performance, amounting to an average of 3.87 million contracts per day in September 2021, which is up 13 percent vs. 3.42 million for the month prior. The group’s commodities activity was also skewed to upside year-on-year when weighed against 3.27 million contracts reported back in September 2020.

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

During the reported month, ICE’s September average daily volume (ADV) for futures and options business was reported at 6.77 million contracts per day, which corresponded to a change of 32 percent month-over-month from 5.14 million per day in August 2021. In addition, this latest figure marks an 11 percent advance over September 2020 which came at 6.08 million contracts per day.

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