Intercontinental Exchange Reports Strong Growth in FX Monthly Volumes for November 2018 - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


Intercontinental Exchange Reports Strong Growth in FX Monthly Volumes for November 2018

December 6, 2018

ICE LOGONYSE parent, Georgia-based Intercontinental Exchange (ICE) has published in November FX operational metrics showcasing a positive set of a number. Across FX and Credit segment, the volumes averaged 30,000 contracts per day which is 15 per cent higher month-on-month from just 26,000 contracts in October 2018. And, compared to November 2017 figures, it is 30 per cent higher from 23,000 contracts in November 2017.

Across segment which also includes interest rates and equity indices reported a gain of 34 per cent year-on-year to reach 2.87 million contracts per day against 2.14 million in November 2017. But compared to October 2018 figures, it is nearly 10 per cent lower. 

ICE’s flagship energy contracts also recorded a fresh new high in November as extreme volatility and price fall attracted a large number of retail and speculative investors. In November 2018, the energy volume averaged 3.36 million contracts per day, representing a growth of 12.8 per cent month-on-month from 2.98 million contracts in October 2018. When compared on a yearly basis, the latest figures are 18 per cent higher from 2.85 million contracts per day in November 2017.

During the month, ICE’s reported an average daily volume for futures and options business at 6.62 million which is almost flat with less than a percentage change month-over-month from 6.59 million per day in October 2018. When compared on a yearly basis, the reported figure is 23 per cent higher from 5.38 million contracts per day in November 2017.

The performance of the commodities segment was also upbeat with overall volume amounting to 3.75 million contracts per day in November 2018, up from 9.2 per cent from 4.43 million contracts a month ago and 17.2 per cent higher from 3.32 million contracts reported back in November 2017.

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