IntercontinentalExchange reports April ADV 5.9M contracts, down 13% y/y ICEís April average daily volume was 5.9 million contracts, a decrease of 13% compared to April 2013. Commodity futures and options ADV was down 20% in April due primarily to lower price volatility across most products. Financial futures and options ADV was down 3% in April due primarily to lower volatility in European interest rates relative to the prior April. This was partially offset by growth across equity derivatives that increased 11% year to year. NYSE and Euronextís cash equities ADV declined 1% and 2%, respectively, from the prior April. NYSE equity options volume declined 14% year to year.
NYSE owner warns of cyber risk to frequency trading, Financial Times says IntercontinentalExchange CEO Jeff Sprecher warned that efforts to fend off cyber hackers could reverse the momentumtowards faster markets, reports the Financial Times. Sprecher adds that the growing risk of cyber attacks would force traders to pass new electronic sentries as they connect to his exchanges. Reference Link