Intercontinental Exchange Inc (NYSE:ICE), an international operator of exchanges and clearing houses, has just added its voice to the chorus of companies reporting lower trading volumes for October 2015. ICE registered steep decreases in Forex volumes in both annual and monthly terms.
Average daily volumes for FX&Credit exchange-traded contracts amounted to 33,000 contracts in October 2015, down massive 37.7% from the result of 53,000 contracts seen in September 2015.
The Forex & Credit volumes marked a pronounced drop (-25%) from the result registered a year earlier.
ICE’s October 2015 futures and options average daily volume (ADV) fell 2% compared to October 2014.
Commodity ADV rose 5% from October 2014, led by gasoil, other oil, natural gas, and sugar.
Financials ADV staged a drop of 12% from the previous October mainly because of low volatility in equity indices and the low interest rate environment in Europe.
The detailed report from ICE on its October 2015 metrics can be viewed by clicking here.