IntercontinentalExchange Sees Impressive Growth Across Energy, Metal And Finacial Derivatives In September

+2.36%
Upside
137
Market
140
Trefis
ICE: Intercontinental Exchange logo
ICE
Intercontinental Exchange

In continuation with the upward trend for much of the year, IntercontinentalExchange saw 11% year on year (y-o-y) growth in commodity and financial derivative volumes in September. Commodity derivatives, which continued to be the major driver for the surge in the company’s trading volumes, grew by 11% y-o-y. Energy trading volumes grew on the back on of uncertainty around oil prices and OPEC’s reluctance to cut down production in spite of a demand-supply gap. Meanwhile, gold and silver – being safe investment products amid a subdued global macroeconomic environment – have continued to drive the metal trading volumes. Additionally, financial derivative volumes saw 12% growth, largely due to a 16% rise in interest rate trading volumes.

ice derivative

Going forward, news around a probable interest rate hike is likely to keep the market volatile and drive the interest rate derivative volumes. Further, a recent announcement from OPEC around limiting oil production is likely to cause shift in oil prices, which in turn should drive energy trading volumes. Also, the recent shift in gold and silver prices are likely to have a positive impact on trading volumes.

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