Intercontinental Exchange reports June average daily volume up 5% y/y

Intercontinental Exchange reported June 2023 trading volume and related revenue statistics. “ICE had a strong second quarter and first half as customers utilize our multi-currency platform of global benchmarks across commodities, energy and interest rates to manage their risk exposure,” said Ben Jackson, President at ICE. “The growth this year of ICE’s flagship oil, natural gas, and soft commodity derivative markets, particularly Brent and TTF, show the crucial role these contracts play in reflecting global fundamentals to meet our customers’ hedging needs, underpinned by the strength and liquidity of our commercial customer base. Total ADV up 4% y/y in Q2.