Intercontinental Exchange, Inc. (ICE), the parent company of the New York Stock Exchange has published its trading volumes for the month of March this Friday, as well as the first quarter of 2020, alongside related revenue and statistics.
As , over the past few days, exchanges, brokerages and trading platforms across the world have reported a solid boost in trading volumes, with some trading providers, and achieving the best monthly volumes on record.
ICE appears to be yet another exchange that has benefitted from the returning volatility caused by the so far this year. In particular, it managed to achieve record futures and options average daily volume of 9.4 million lots, which is an increase of 56 per cent on a yearly scale.
The exchange also posted record interest rate futures average daily volume, having risen by 20 per cent year-on-year. With Sterling average daily volume climbing by 37 per cent on a yearly comparison, and Euribor ADV up by 31 per cent.
During the month of March, ICE reported record energy daily volumes, coming in at 4.4 million lots. When measuring this against the same period of the previous year, it is higher by 82 per cent.
ICE is working on order amid COVID-19
Commenting on the results, Ben Jackson, President of Intercontinental Exchange said in the statement: “In this volatile period, we are grateful to our customers who rely on our dependable, stable and resilient systems amid record activity across every asset class.
“We’re working around the clock to help ensure the orderly functioning of our markets, providing our customers with the critical risk management tools that these markets provide.”
According to ICE’s report, in March, the average daily volume for NYSE cash equities was 3.9 billion shares, which represents a yearly uptick of 96 per cent. The average daily volume of NYSE equity options also jumped by 55 per cent year-on-year.
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