Intercontinental Exchange (ICE) Reports Lower June Volumes
Zacks Investment Research | Jul 05, 2019 04:06AM ET
Intercontinental Exchange, Inc.’s (NYSE:ICE) average daily volume (ADV) in June decreased 0.3% to 6.3 million largely attributable to lower Financial ADV. However, higher Commodities ADV partially offset the decline. The company reported 3.3% year-over-year decrease in Financials volume that dropped to 3 million contracts per day. There were 20 trading days in June.
Agriculture and Metals ADV of 0.5 million contracts improved 1.8%. Energy volume too increased 2.7% to 2.8 million contracts per day. Commodities ADV increased 2.6% to 3.3 million in June.
Interest Rate volume decreased 3.8% to 2.3 million contracts per day whereas Equity Index volume slipped 0.2% to 0.6 million contracts. Foreign exchange volume increased 14.7% to nearly 0.04 million contracts.
Revenues per contract were 12 cents for the month, down 7.8% year over year.
Shares of Intercontinental Exchange have outperformed the Earnings ESP Filter .
Recently, MarketAxess Holdings Ltd. (NASDAQ:MKTX) , CME Group Inc. (NASDAQ:CME) and Cboe Global Markets, Inc. (NYSE:CBOE) reported trading volume for June 2019. While MarketAxess reported trading volume of $182.9 billion for the month, Cboe Global posted ADV of 7.3 million contracts, up 0.6% year over year. CME Group reported record ADV in Agricultural Commodities, Metals, Interest Rate options and Metals options for June 2019. Options volume of 5.7 million contracts surged 63%.
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