Intercontinental Exchange’s Total ADV Climbs by 6% in August

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Intercontinental Exchange's Total ADV Climbs by 6% in August

<p>Intercontinental Exchange (ICE), an operator of global exchanges and clearinghouses, recorded a 6% year-on-year (YoY) increase in its total average daily volume (ADV) in August 2022.</p><p>The exchange reported the growth in its trading volume statistics for August 2022 <a href="https://ir.theice.com/investor-resources/supplemental-information/default.aspx">published</a> on Tuesday. </p><p>During the second quarter (Q2) of the year, ICE's total ADV <a href="https://www.financemagnates.com/institutional-forex/intercontinental-exchange-total-adv-for-june-soared-by-13/">shot up 12%</a> on a yearly basis.</p><p>Giving a breakdown of the new metrics, ICE said its total natural gas open interest rose 7% in August when compared to the same period in 2021.</p><p>Sharing further details, the exchange said its North American natural gas open interest surged 15% year-on-year, adding that while the region's basis market ADV climbed 26% YoY, the open interest increased 11% YoY.</p><p>On the other hand, while ICE's cocoa ADV grew 7% YoY, cotton ADV saw a much bigger improvement, growing by 16% year-on-year.</p><p>Furthermore, while open interest for cocoa surged 15% from the same month last year, cotton's open interest increased by 8% year-on-year.</p><p>Financials ADV</p><p>Meanwhile, ICE noted that its Financials ADV grew by more than half (56%) of what was recorded in the same period in 2021. Open interest in this regard jumped 14% YoY.</p><p>The Financials ADV calculation includes ICE's total interest rate ADV and equity indices ADV, it pointed out.</p><p>Under this ADV, <a href="https://www.financemagnates.com/tag/intercontinental-exchange/" target="_blank">the Fortune 500 company</a> said its total interest rate ADV shot up at an even greater pace (62%) on a yearly basis, with open interest rising 18% YoY.</p><p>Still, under the total interest rate, ICE disclosed that its ADV for the Euro Interbank Offered Rate (EURIBOR) spiked 15% year-on-year with its open interest closing in with a 75% year-on-year growth. </p><p>The EURIBOR measures the rate at which a prime bank is willing to lend Euro-denominated funds to another bank of its category.</p><p>Furthermore, ICE said its equity indices ADV went up 25% year-on- year led by the Morgan Stanley Capital International (MSCI) Index whose ADC grew 40% YoY.</p><p>Open interest on MSCI Index, which tracks <a href="https://www.financemagnates.com/tag/stock/" target="_blank">the stock performance</a> of all developed markets across the globe, also rose 5% year-on-year on ICE.</p><p>On the other hand, the ADV of the Financial Times Stock Exchange Index (FTSE) on ICE climbed 11% YoY. Additionally, ICE said the US cash equities ADV also rose 9% YoY.</p>

This article was written by Solomon Oladipupo at www.financemagnates.com.

Source: Intercontinental Exchange's Total ADV Climbs by 6% in August