IntercontinentalExchange’s Derivative Volumes Continue Growth Momentum In July
IntercontinentalExchange continued the upward trend in commodity and financial derivative volumes in July. The company saw a 5% y-o-y increase in its commodity volumes, primarily driven by a 10% y-o-y increase in trading volumes of agricultural and metal commodities. Financial derivatives trading volumes (+12% y-o-y) grew on the back of higher equity indices (+18% y-o-y) and interest rate derivatives (+12% y-o-y) volumes. However, the continuous decline in foreign exchange and credit derivatives volumes (-47% y-o-y) partially offset the gain in financial derivative volumes.
Going forward, we expect falling FX and credit derivatives volumes to weigh on the transaction-based revenues. Further, the changing supply and demand expectations with respect to agricultural and metal commodities and uncertainty around oil prices are likely to continue to drive the commodity trading volumes.
- Up 24% Since The Start Of 2023, What To Expect From Intercontinental Exchange Stock After Q4 Results?
- Up 7% In The Last One Month, Where Is Intercontinental Exchange Stock Headed?
- Where Is Intercontinental Exchange Stock Headed?
- Intercontinental Exchange Stock Is Trading Below Its Fair Value
- Intercontinental Exchange Stock To Edge Past the Expectations In Q4
- Forecast Of The Day: Intercontinental Exchange Data Services Revenue
See the full Trefis analysis for Intercontinental Exchange
View Interactive Institutional Research (Powered by Trefis):
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap
More Trefis Research