ICE's Energy And Financial Derivatives Volumes Continue Sustained Growth In August; Metals Remain Low

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After impressive growth in the second quarter, IntercontinentalExchange's derivative trading volumes ( ICE ) saw sustained growth in August. Commodity volumes rose by 15% year-over-year and financial derivatives grew by 9%.Among commodities, energy derivatives saw 17% growth. The market saw increased volatility in oil prices due OPEC's decision on capping production, and consequently trading activity in the asset class gained attention.

Due to the rate hike in June, interest rate derivative volumes registered 14% growth in trading volumes. We expect the trading volume to grow with the Fed's indication of subsequent hike in the year ahead.

Metals, despite having shown a slight decline, will likely remain in demand as a safe investment asset.

See the full Trefis analysis for Intercontinental Exchange

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks , US Markets , Investing Ideas
Referenced Symbols: ICE , NDAQ , CME

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