IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, reported record daily volume in the ICE U.S. Dollar Index (USDX) futures contract of 81,814 contracts on June 9, 2011. The notional value of USDX contracts traded was just over $6 billion. The previous daily volume record of 77,811 contracts was established on March 12, 2010. For the month of May, ADV was 39,168, up 10% over last year.
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ICE USDX futures trade exclusively on ICE Futures U.S. 22 hours a day. USDX options on futures are available to trade side-by-side electronically, as well as on the ICE Futures U.S. options trading floor. Introduced in 1985, ICE's USDX futures contract is the global benchmark for the value of the U.S. dollar and is the world's most heavily traded currency index futures contract.
ICE offers more than 60 FX futures contracts, including 10 new foreign exchange futures contracts that launched trading on Monday featuring new contract sizes. The contracts will offer capital efficient margining, including spread margining with the ICE U.S. Dollar Index and other currency pairs, as well as inter-exchange spread credit. ICE also has expanded the Exchange Member Firm Fee Program for the U.S. Dollar Index to include all of its FX futures and options contracts, featuring a rate of $0.30 per side. Terms of the program and a program application are available here.
