Intercontinental Exchange's November Volume Up 12% Y/Y

Intercontinental Exchange, Inc. (NYSE:ICE) reported average daily volume (ADV) for Nov 2016 of 5.7 million contracts, a 2.7% increase from the preceding month. Also, the reported figure increased 12% year over year.

The Atlanta, GA-based exchange operator’s Commodities volume displayed a 13.8% increase from the prior month and averaged 3.4 million contracts per day. It also climbed 19.2% from the prior-year period.

Of the Commodities volume, energy volume of 3 million contracts per day increased 13.4% and 22.1% from the prior month and year over year, respectively. In addition, agricultural and metals volume of 0.4 million contracts grew 17% from the preceding month and inched up nearly 1% year over year.

However, Financials volume declined 10.4% from the preceding month and averaged 2.3 million contracts per day. On a year-over-year basis, Financials volume increased 2.8%.

Of the Financials volume, interest rate volume of 1.8 million contracts per day decreased 16.3% from the preceding month and 2.5% year over year. However, equity index volume of 0.4 million surged 21.3% and 30.2% from the prior month and year over year, respectively. Moreover, foreign exchange volume of 0.05 million jumped 64% from the prior month and 31.4% from the prior-year period.

For third-quarter 2016, Credit Default Swap ("CDS") Clearing Revenue was $26 million, flat year over year.

Year to date, Intercontinental Exchange’s shares have gained 12.7%, underperforming the 18.8% growth for the Zacks categorized Securities Exchanges industry. However, shares of of the company have been largely witnessing a rising trend, post U.S. election.

Currently, Intercontinental Exchange carries a Zacks Rank #3 (Hold).

Among others, CBOE Holdings, Inc. (NASDAQ:CBOE) reported monthly trading volume for Nov 2016 of 117.6 million, a 28% increase from the preceding month. Additionally, the reported figure increased 42% year over year.

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