Intercontinental Exchange, which also operates clearing houses and serves OTC markets, disclosed strong metrics across its FX and credit volumes for June, which averaged 51,000 contracts per day.
The figure reflected a 34 percent increase month-over-month from the number of FX contracts in May 2022. Additionally, the Atlanta-headquartered futures exchange operator registered a 28 percent increase in volumes when compared to June 2021, having risen year-on-year from 38,000.
The overall financial products, which also include interest rates and equity indices, climbed 30 percent month-on-month after revealing 3.03 million contracts per day compared to 2.33 million in May. In addition, the figure rose by 14 percent over a yearly basis.
Data shows weakness in energy volumes
Turnover from ICE’s flagship energy contracts weakened to fresh lows in June, according to data released today, as the volatility eased.
For the month ending June 2022, the owner of the New York Stock Exchange saw its energy volume average 2.79 million contracts per day, which represents a zero change month-on-month. Across a yearly interval, the latest figures were lower by 2 percent from 2.85 million contracts per day in June 2021.
In terms of ICE’s total commodities volume, the figure was also mixed in its overall performance, amounting to an average of 3.2 million contracts per day in June 2022, which is up 3 percent vs. 3.14 million for the month prior. The group’s commodities activity was skewed to downside year-on-year when weighed against 3.26 million contracts reported back in June 2021.
Overall, ICE’s aggregated volumes were characterized by positive 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 6.27 million contracts per day, which corresponded to a change of 15 percent month-over-month from 5.47 million per day in May 2022. In addition, this latest figure marks a 6 percent increase over June 2021 which came at 5.91 million contracts per day.