The choice of currency for trading contracts is influenced by various factors including market dynamics, regional preferences, and the prominence of certain currencies. In the case of the Intercontinental Exchange (ICE), it primarily sells its contracts in dollars due to several compelling reasons such as:
- Global Reserve Currency
- International Trade Dominance
- Robust Financial Infrastructure
- Natural Market Fit
Understanding ICE's currency choice and its impact on trading activities can be further enhanced through a well-designed org chart of the BFSI company. It would showcase the specific departments responsible for ICE's contract offerings, such as Trading, Risk Management, Finance, and Operations. This deeper understanding can help you in comprehending why ICE favors the dollar as the trading currency.
You can view Org Charts HERE.