ICE reports July ADV for futures and options down 23% vs. last year ICE’s July average daily volume for futures and options was 4.3 million contracts, a decrease of 23% compared to July 2013. July commodity ADV declined 4% year to year, with natural gas ADV down 22% partially offset by a 26% increase in Brent ADV. Financial ADV decreased 40% over the prior July due to the continued low European interest rate environment. In July, NYSE’s U.S. cash equities ADV declined 4% while U.S. options ADV increased 1% 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