ICE - Exchange Volumes Generally Up YoY Despite Decline In Volatility
2024-05-31 12:45:42 ET
Summary
- Volatility is down ~10% Y0Y in 2QTD.
- Despite lower volatility, exchange volumes are generally up YoY.
- We are seeing mixed results across exchanges/asset classes, with futures up by low double digits while equities are up by high single digits.
Volatility Metrics
Volatility, as measured by the VIX, is currently averaging 14.7 in 2QTD, down 11% from 16.5 in 2Q23 but up 7% from 13.7 in 1Q24. Additionally, realized volatility, as measured by daily changes in the closing value of the S&P 500 is tracking at 14.3 in 2QTD, down 9% from 15.7 in 2Q23 but up 4% from 13.7 in 1Q24....
Exchange Volumes Generally Up YoY Despite Decline In Volatility