ICE Unveils Overall Jump in ADV Across All Metrics for March and Q1 2023

Intercontinental Exchange, Inc., a leading global provider of data, technology and market infrastructure, yesterday reported March 2023 trading volume and related revenue statistics.

"ICE has seen a strong performance from its commodity, energy and financial markets this year, witnessing volume activity in benchmarks that has not been seen for over a decade," said Ben Jackson, President at ICE. "Time and again during periods of stress and uncertainty, derivatives markets demonstrate their reliability to participants needing to manage their exposure to risk, with ICE offering deeply liquid markets across a multitude of asset classes and benchmarks."

March highlights include:

• Total average daily volume (ADV) up 15% y/y

Energy ADV up 2% y/y; open interest (OI) up 8% y/y, including record OI of 49.0M lots on March 24

Total Natural Gas ADV up 12% y/y; OI up 13% y/y, including record futures OI of 19.2M lots on March 28

North American natural gas ADV up 15% y/y; OI up 16% y/y, including record futures OI of 17.5M lots on March 28

• Total Interest Rate ADV up 43% y/y

Euribor ADV up 53% y/y, including record futures ADV of 1.8M lots; OI up 3% y/y

SONIA ADV up 23% y/y

FTSE ADV up 12% y/y

NYSE equity options ADV up 7% y/y

First quarter highlights include:

• Total ADV up 4% y/y

Total Natural Gas ADV up 10% y/y

North American natural gas ADV up 14% y/y

• ​Total Interest Rate ADV up 18% y/y

Euribor ADV up 25% y/y, including record futures ADV of 1.5M lots

Record SONIA ADV up 12% y/y

NYSE equity options ADV up 6% y/y