IntercontinentalExchange’s Cash Equity Volumes Flat In July After First Half Growth
In contrast to the impressive growth seen in the year so far, IntercontinentalExchange‘s cash equity trading volumes remained neutral in July. A 2% decline in the total cash equity daily trading volumes in the U.S. likely affected the growth in the company’s volumes. Although, the company’s market share of cash equities improved slightly, a 12% y-o-y decline in average rate per contract may cause a drop in cash equity revenues.
Owing to the increased competition in this space, we expect the market share to remain flat going forward. The table below breaks down these figures for the month:
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