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Intercontinental Exchange Posts Increase in August Volumes

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Intercontinental Exchange, Inc. ICE recently announced that volumes for August have increased 12.4% year over year to 4.6 million contracts. Sequentially, the metric displayed a 4.9% decrease. The year-over-year improvement was driven by Financials volume, gaining 5.9% to 1.8 million contracts per day, and 14.7% increase in Commodities volume, which averaged approximately 2.8 million contracts per day. There were 23 trading days in August compared with 21 in the year-ago month.

Energy volume expanded 19.0% to about 2.5 million contracts per day, while Agricultural and Metals volume increased 2.5% to 0.3 million contracts. Interest Rate volume rallied 14.4% to 1.5 million contracts per day. Equity Index volume declined nearly 12% to 0.3 million. Foreign exchange volume surged 33.3% to nearly 0.03 million.

Revenue per contract was 14 cents for August, down 6.7% year over year.

Shares of Intercontinental Exchange have underperformed the industry year to date. While Intercontinental Exchange’s shares have rallied 13.9%, the industry registered an increase of 14.1%. Nonetheless, the company’s broad range of products, risk management services, strategic acquisitions, timely achievement of cost synergies and strategic initiatives should drive the shares and strengthen its growth profile. The company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


Recently, securities exchanges namely, CBOE Holdings Inc. CBOE, Nasdaq Inc. NDAQ and MarketAxess Holdings Ltd. MKTX also posted their August volumes.

CBOE Holdings’ ADV soared 33% to 7.4 million contracts per day, while Intercontinental Exchange witnessed a 12% rise in ADV to 4.6 million contracts. MarketAxess’ monthly trading volume for August was $114.3 billion.

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