Global technology and data provider Intercontinental Exchange (ICE) has reported record average daily volumes (ADV) for March and the first quarter of the 2025 financial year (Q1 FY25).
ICE said ADV rose 31% to 10.346 million derivatives contracts in March and 23% to 9.968 million contracts in Q1 FY25, compared with the previous corresponding periods in 2024.
The company, which operates the New York Stock Exchange and other financial exchanges and clearinghouses, said the ADV increases were 20% to 5.486 million for its commodities (including energy) segment and 47% to 4.860 million for the financials segment.
President Ben Jackson said traded volumes in the first quarter of 2025 were the highest in ICE’s history.
“Twenty-five years ago, ICE began building a derivatives platform to serve customers’ evolving risk management needs, and today, we are the home to benchmarks such as Brent, TTF and Euribor, used by customers across the world to address their hedging needs,” he said in a statement.
The Atlanta-based company, which was established in 2000, said open interest, a key metric showing contracts that have not been closed, settled or expired, rose 11% in March including a record 67.6 million lots on 25 March.
Products traded include oil, gasoil, natural gas, environmentals, sugar, cotton, interest rates and cash equities.
Intercontinental Exchange (NYSE: ICE) shares closed down US$2.88 (A$4.57) or 1.7% to $167.56, capitalising the company at $96.26 billion.
