As we dig deeper into the Forex trading data for September 2015, we see more and more companies that report results showing a drop in monthly terms and a rise in annual terms. One more company whose operating metrics for last month seem to follow this pattern is Intercontinental Exchange Inc (NYSE:ICE), an international operator of exchanges and clearing houses.
Average daily volumes for FX&Credit exchange-traded contracts amounted to 53,000 contracts in September 2015, down 7% from August 2015 ADVs of 57,000 contracts.
The Forex & Credit volumes marked a slight growth (+4%) from the result registered a year earlier.
Since September is the last month of the third quarter, ICE produced some operating metrics for the three months to September 30, 2015, too. FX&Credit volumes averaged 51,000 contracts in the quarter, up massive 61% from the equivalent period in 2014.
ICE’s September 2015 futures and options average daily volume (ADV) dropped 6% compared to September 2014.
Commodity ADV rose 3% led by Brent, gasoil, other oil and sugar ADV up 3%, 20%, 15% and 19% respectively, from September 2014.
Financials ADV declined 16% from prior September mainly due to low European short-term interest rates.
For the official announcement from ICE, click here.