The Options Insider

ICE May ADV Fell 15 Percent Year-over-Year

by | Jun 4, 2014 | Industry

On Wednesday, the Intercontinental Exchange, Inc.?(NYSE: ICE) reported exchange traded volumes for?May 2014.

ICE?s May average daily volume (ADV) was 5.4 million contracts, a decrease of 15% compared to?May 2013.

In addition, commodity futures and options ADV decreased 23% in May primarily from the continued low price volatility across most energy products, according to its press release.

Financial futures and options ADV decreased 9% in May due primarily to the low interest rate environment in?Europe while it was partially offset by a 23% increase in equity derivatives ADV year to year. This included a 32% increase in Liffe single stock futures.

NYSE?cash equities ADV decreased 13% and Euronext cash equities ADV was flat compared to the prior May.?NYSE?equity options volume decreased 23% year to year.

ICE included the following highlights in its May volume release:

  • Extending ICE?s European energy portfolio, ICE Endex will launch?new German power futures?and options contracts in June.
  • Thomas W. Farley?, NYSE?s current COO, was named?President of the?NYSE, succeeding?Duncan Niederauer?.
  • ICE Endex?was appointed the market operator for the Dutch natural gas balancing market effective?June 3.
  • ICE held its 2014?Annual Meeting of Stockholders?on?May 16. All 14 director nominees received a majority of votes cast and all of the ICE proposals were approved.
  • ICE introduced?64 new energy contracts?in May and announced the launch of an?additional 19 environmental and energy contracts?on?June 9?and 10.
  • Liffe will introduce German, Swiss, Italian and Spanish Government Bond futures on?June 16.
  • ICE declared a quarterly?$0.65?per share dividend?payable on?June 30, 2014?to shareholders of record as of?June 16, 2014.
  • A daily volume record was established in May for?Long Gilt futures?which traded 905,515 contracts on?May 27, surpassing the prior daily volume record of 815,251 contracts on?November 27, 2012.
  • Open interest records were established in Low Sulphur Gasoil futures, futures on the DTCC GCF Repo indices and?UK Natural Gas, Newcastle Coal and Rotterdam Coal options contracts.