Intercontinental Exchange Reports July 2024 Statistics

Rhea-AI Summary

Intercontinental Exchange (NYSE:ICE) reported strong trading volume and revenue statistics for July 2024. Total average daily volume (ADV) increased by 26% year-over-year, with open interest (OI) up 20%. Notable highlights include:

- Energy ADV up 22% y/y, with OI up 25% and a record 64M lots on July 25
- Total Oil ADV up 16% y/y, with Brent, WTI, and Gasoil showing significant growth
- Total Natural Gas ADV up 32% y/y, with North American Gas ADV up 45%
- Total Financials ADV up 38% y/y, including strong performance in Interest Rates
- NYSE Cash Equities ADV up 9% y/y
- NYSE Equity Options ADV up 36% y/y

These results demonstrate ICE's robust performance across various market segments, indicating strong investor engagement and market activity.

Positive

• Total average daily volume (ADV) increased by 26% year-over-year
• Energy ADV up 22% y/y with open interest (OI) up 25%
• Total Natural Gas ADV up 32% y/y with OI up 28%
• Total Financials ADV up 38% y/y with OI up 16%
• NYSE Equity Options ADV up 36% y/y

Negative

• None.

Financial Analyst

The July 2024 statistics from Intercontinental Exchange (ICE) reveal a robust performance across multiple asset classes, indicating strong market activity and potential revenue growth for the company. The 26% year-over-year increase in total average daily volume (ADV) and 20% rise in open interest (OI) suggest heightened trading activity and increased market participation.

Notably, the energy sector showed significant growth, with ADV up 22% and OI up 25% year-over-year. The record OI of 64M lots in energy on July 25 is particularly impressive, potentially translating to higher transaction fees for ICE. The strong performance in oil markets, especially WTI with a 54% ADV increase, indicates robust demand for energy derivatives.

The financials segment also demonstrated substantial growth, with ADV up 38% and OI up 16% year-over-year. The interest rates market showed exceptional strength, with ADV up 47% and OI up 22%, likely benefiting from the current macroeconomic environment of changing interest rates. This growth across diverse asset classes suggests ICE's business model is well-positioned to capitalize on various market conditions, potentially leading to increased revenues and profitability for the company.

Market Research Analyst

The July 2024 statistics from ICE provide valuable insights into current market trends and investor behavior. The substantial growth in environmental markets, with ADV up 43% and OI up 39% year-over-year, reflects the increasing importance of ESG factors in trading and investing strategies. This trend aligns with global efforts to address climate change and could represent a significant growth area for ICE.

The strong performance in natural gas markets, particularly the 45% ADV increase in North American Gas and the record OI in TTF Gas futures, indicates heightened volatility and trading opportunities in the energy sector. This could be driven by geopolitical factors, supply chain disruptions, or shifts in energy policies.

The growth in equity-related products, with NYSE Cash Equities ADV up 9% and NYSE Equity Options ADV up 36%, suggests continued investor interest in stock markets despite economic uncertainties. This diverse growth across asset classes demonstrates ICE's ability to capture trading activity in various market conditions, potentially enhancing its competitive position in the global exchange landscape.

Tech Expert

ICE's July 2024 statistics highlight the critical role of technology in modern financial markets. The significant increases in trading volumes and open interest across multiple asset classes underscore the importance of robust, scalable trading platforms capable of handling high-frequency trading and complex derivatives.

The record-breaking open interest figures in various markets, such as the 64M lots in energy and 2.1M lots in TTF Gas futures, demonstrate the need for advanced risk management systems and real-time data processing capabilities. ICE's ability to manage these record volumes efficiently reflects its strong technological infrastructure.

The growth in diverse markets, from traditional energy and financial products to emerging areas like environmental derivatives, highlights the importance of flexible and adaptable trading systems. ICE's success across these markets suggests its technology stack is well-positioned to support evolving market needs and regulatory requirements, potentially giving the company a competitive edge in attracting and retaining market participants.

ATLANTA & NEW YORK--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported July 2024 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

July highlights include:

• Total average daily volume (ADV) up 26% y/y; open interest (OI) up 20% y/y
• Energy ADV up 22% y/y; OI up 25% y/y, including record OI of 64M lots on July 25
  • Total Oil ADV up 16% y/y; OI up 20% y/y
    • Brent ADV up 11% y/y; OI up 15% y/y
    • WTI ADV up 54% y/y; OI up 32% y/y, including record futures OI of 794k lots on July 17
    • Gasoil ADV up 16% y/y; OI up 48% y/y, including record OI of 1.2M lots on July 1
    • Other Crude & Refined products ADV up 17% y/y; OI up 19% y/y
      • Murban ADV up 126% y/y
  • Total Natural Gas ADV up 32% y/y; OI up 28% y/y, including record OI of 42.9M lots on July 25
    • North American Gas ADV up 45% y/y; OI up 25% y/y, including record OI of 37.5M lots on July 25
    • TTF Gas OI up 62% y/y, including record futures OI of 2.1M lots on July 30
    • Asia Gas ADV up 14% y/y; OI up 48% y/y
  • Total Environmentals ADV up 43% y/y; OI up 39% y/y
• Total Financials ADV up 38% y/y; OI up 16% y/y
  • Total Interest Rates ADV up 47% y/y; OI up 22% y/y
    • SONIA ADV up 43% y/y; OI up 92% y/y
    • Euribor ADV up 42% y/y
    • Gilts ADV up 45% y/y; OI up 51% y/y
• NYSE Cash Equities ADV up 9% y/y
• NYSE Equity Options ADV up 36% y/y

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: Corporate

SOURCE: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20240805313809/en/

ICE Investor Relations Contact:

Katia Gonzalez

+1 678 981 3882

katia.gonzalez@ice.com



investors@ice.com



ICE Media Contact:

Damon Leavell

+1 212 323 8587

damon.leavell@ice.com



media@ice.com

Source: Intercontinental Exchange

FAQ

What was Intercontinental Exchange's (ICE) total average daily volume growth in July 2024?

Intercontinental Exchange reported a 26% year-over-year increase in total average daily volume (ADV) for July 2024.

How did ICE's Energy segment perform in July 2024?

ICE's Energy segment showed strong performance with ADV up 22% year-over-year and open interest up 25%, including a record 64M lots on July 25.

What was the growth in ICE's Natural Gas trading for July 2024?

Total Natural Gas ADV increased by 32% year-over-year, with North American Gas ADV up 45% and open interest up 28%.

How did ICE's NYSE Cash Equities and Equity Options perform in July 2024?

NYSE Cash Equities ADV increased by 9% year-over-year, while NYSE Equity Options ADV showed significant growth of 36% year-over-year.