ICE’s Strong Derivative Trading Activity Is Likely To Boost Q3 Results

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ICE: Intercontinental Exchange logo
ICE
Intercontinental Exchange

After a solid performance in the previous two months, IntercontinentalExchange‘s (NYSE:ICE) impressive trading volume growth in September indicates that the exchange’s Q3 earnings should be fairly strong. Commodity volumes rose by 11% year-over-year and financial derivatives grew by 22%.Among commodities, energy derivatives saw 14% growth. The market saw increased volatility in oil prices due to OPEC’s decision to cap production, and consequently, trading activity in the asset class gained attention.

Due to the rate hike in June, interest rate derivative volumes registered 36% growth in trading volumes. We expect the trading volume to grow with the Fed’s indication of subsequent hikes in the year ahead. Meanwhile, we expect that metals – despite having shown a slight decline – will likely remain in demand as a safe investment asset.

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See the full Trefis analysis for Intercontinental Exchange

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