ICE Sees Overall Drops in Financial Products Trading Volumes for May 2023

Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology and market infrastructure, has released its trading data for May 2023, recording the total volumes of overall financial products of 47,809,131 contracts, a decrease of 6.0% compared to 50,880,426 contracts in May 2022.

More specifically, the exchange registered a total volume of interest rates contracts of 41,254,450, dropping 3.1% compared to 42,567,284 contracts in the same period of last year. While the Average Daily Volume (ADV) of interest rates was 1,793,672 contracts for the month, dropping 7.3% on a yearly basis.

Total volume of equity indices amounted to 6,010,560 contracts, 19.6% lower than 7,479,088 contracts in May 2022. The ADV of equity indices fell by 23.3% from 356,147 contracts to 273,207 contracts on a YoY basis.

Total volume of FX and other financial products during the period came in at 544,121 contracts, a decrease 37.8% compared to 834,054 contracts in last May. The ADV of FX and other financial products was 24,733 contracts, dropping 37.7% compared to 39,717 contracts in the same period of last year.