March 5 was the day when a huge amount of retail and institutional brokerages published a list of their monthly trading volumes. There were joined by ICE – the operator of a variety of exchanges and clearing houses operating within the parent structure of Intercontinental Exchange Group. The company said last week that its February’s trading volumes, showed e.g. in ADV, declined by 9% year-over-year to 10.7 million contracts.
Speaking about contracts on the FX market, their number totaled 23 thousand contracts, giving a decrease of 3 thousand (11.5%) in comparison to January. NOTE: in total FX trading results also futures and options are included.
February worse month for many FX providers
While the January shows increased activity on the FX marker for global instruments, the month of February proved to be far worse for a large group of providers. Amonth other thingd, today we wrote about DMM.com – Japanese broker – who reported MoM decrease.
This shows a new trend, which not only concernt the individual entities, but increasingly the whole market. Of course, it does not apply to all providers and brokeraregs – some of the companies were able to improve their results from the previous month.
ICE Continues Its Global Expansion Efforts
The parent company of ICE, Intercontinental Exchange Group, which merged with New Yor Stock Exchange last year is now fucusing on expanding its global reach. They recently managed to shut the case of Singapore Mercantile Exchange qcquisition which gives opportunities for access to the Asiam market on a greater extent – which now becomes the focus of many trading entities.
ICE official press release states that the commodity futures and options increased by 8% driven by positive market dynamic in natural gas (up 18%) and agricultural contract volumes (up 29%).