Energy Derivatives Trading Not Enough To Offset Low Volumes For IntercontinentalExchange

Derivative trade volumes for IntercontinentalExchange Group have been low in the second quarter thus far. Limited trading activity for interest rate and equity derivatives has overshadowed the growth witnessed in trading of energy products including oil and natural gas derivatives. The exchange operator reported an 8% year-over-year decline in average daily trade volume to just under 5 million contracts per day through May. If this weakness persists, there could be a downside to our $222 price e...