The IntercontinentalExchange (ICE) is not the first to see its volumes increase by migrating to electronic trading. Its move on March 3 to make all futures trading of its Dollar Index contract electronic has resulted in a surge in activity.
Clearly, the market’s volatility has helped, but widening the product’s distribution would also seem to be a factor, as well as a calendar roll. Yesterday (Thursday March 13), a total of 46,382 contracts changed hands, beating the previous record, which was only set on March 7, by a whopping 63%.
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