ICE Reports 20% Growth in Q4' 2018 Average Daily Volume - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.


ICE Reports 20% Growth in Q4′ 2018 Average Daily Volume

January 6, 2019

ICEIntercontinental Exchange has reported average daily trading growth by 20% year-on-year in the fourth quarter of 2018, including record futures ADV with open interest up by 10% YoY.

The leading operator of global exchanges and clearing houses and provider of data and listings services is celebrating a number of records broken in 2018, which include 2018 gasoil ADV up by 10% year on year and  2018 TTF gas ADV up by 23% YoY.

Ben Jackson, President of Intercontinental Exchange, commented:

“We are pleased to report another record year for ICE volumes in 2018. Fourth quarter volumes were up 20% versus the prior year period, and open interest continues to build increasing 10% versus the fourth quarter of 2017. We saw new records across our commodity and financial markets reflecting how, in times of heightened volatility and uncertainty, market participants turn to our liquid and diverse markets to manage and hedge their risk.”

The report includes the following highlights:

Record 2018 and 4Q18 emissions ADV up 72% y/y and 72% y/y, respectively
Record 2018 WTI ADV up 5% y/y
Record 2018 interest rate ADV up 14% y/y
Record 2018 and 4Q18 Sterling ADV up 9% y/y and 29% y/y, respectively
Record 2018 and 4Q18 Gilt ADV up 27% y/y and 41% y/y, respectively
Record 4Q18 and December MSCI ADV up 56% y/y and 35% y/y, respectively
Record 2018 ags & metals ADV up 14% y/y
4Q18 NYSE cash equities ADV up 45% y/y; December ADV up 59% y/y
4Q18 equity options ADV up 44% y/y; December ADV up 46% y/y
4Q18 CDS gross notional cleared up 63% y/y

Most recently, the company made the news for its U.S.-based credit default swap (CDS) clearing house ICE Clear Credit which has been granted Recognised Clearing House status from the Monetary Authority of Singapore with effect from December 7, 2018.

In September, ICE announced ICE Data Services started to offer an on-demand tick data and analytics service, utilizing OneMarketData’s OneTick platform. This service will be provided over the ICE Consolidated Feed, which delivers aggregated real-time data and content from over 600 global sources. ICE Data Services will be the exclusive third-party distributor for this hosted service.

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