IntercontinentalExchange reports January derivatives ADV down 8% to 10.4M IntercontinentalExchange Group reported exchange traded volumes for January, stating that average daily volume, ADV, for global derivatives was 10.4M contracts, a decrease of 8% compared to January 2013. Total commodities ADV increased 15% driven by strength in natural gas and agriculture contract volume. Total financial ADV declined 24% primarily due to lower volatility in European interest rates relative to the strong volumes in January 2013 as a result of the long term repo operation repayment. This was partially offset by a 20% increase in equity index ADV driven by volatility in the equity markets. January U.S. cash equities ADV declined 2% and European cash equities ADV increased 22% from the prior January.