Intercontinental Exchange Reports 32% Yearly Rise in December FX Volume

Intercontinental Exchange, Inc., a leading global provider of data, technology and market infrastructure, has reported December, fourth quarter and full 2022 year trading volume and related revenue statistics.

In December, the exchange registered a total volume of FX contracts of 1.0 million, a month-over-month decrease of 9 percent compared to 1.1 million in November 2022. On a yearly basis, the FX trading demand increased by 32 percent from last year's 764,291. The Average daily volume (ADV) of FX contracts for the month reached 48,145, compared to 54,017 in the previous month and last year's 34,741.

For the fourth quarter, the exchange's FX volume reached 3.4 million and ADV reached 53,348, representing a rise of 48 percent and 50 percent respectively compared to last year's 2.3 million and 35,444.

In addition, the exchange's FX volume for the year came in at 11.9 million, an increase of 26 percent compared to 9.4 million for the 2021 year. The ADV of FX contracts for the year reached 47,292, compared to the last year's 37,344.

"A radically different picture for natural gas was formed last year, with the U.S. now a leading supplier of much needed LNG to Europe, while interest rate derivative markets proved critical in 2022 to investors needing to manage inflation and reactions from Central Banks in a way not seen for a generation," said Ben Jackson, President at ICE. "Across asset classes, our customers rely on the liquidity of ICE's markets, and the transparency of price formation and discovery we provide, to manage their risk exposures, and by successfully doing that, protecting end consumers around the world."