ICE’s Energy And Financial Derivatives Volumes Continue Sustained Growth In August; Metals Remain Low

+2.03%
Upside
137
Market
140
Trefis
ICE: Intercontinental Exchange logo
ICE
Intercontinental Exchange

After impressive growth in the second quarter, IntercontinentalExchange‘s derivative trading volumes (NYSE:ICE) saw sustained growth in August. Commodity volumes rose by 15% year-over-year and financial derivatives grew by 9%.Among commodities, energy derivatives saw 17% growth. The market saw increased volatility in oil prices due OPEC’s decision on capping production, and consequently trading activity in the asset class gained attention.

Due to the rate hike in June, interest rate derivative volumes registered 14% growth in trading volumes. We expect the trading volume to grow with the Fed’s indication of subsequent hike in the year ahead.

Metals, despite having shown a slight decline, will likely remain in demand as a safe investment asset.

Relevant Articles
  1. Up 24% Since The Start Of 2023, What To Expect From Intercontinental Exchange Stock After Q4 Results?
  2. Up 7% In The Last One Month, Where Is Intercontinental Exchange Stock Headed?
  3. Where Is Intercontinental Exchange Stock Headed?
  4. Intercontinental Exchange Stock Is Trading Below Its Fair Value
  5. Intercontinental Exchange Stock To Edge Past the Expectations In Q4
  6. 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 CapU.S. Mid & Small CapEuropean Large & Mid Cap
More Trefis Research