Both profits and revenues hit records at IntercontinentalExchange in the first quarter despite a fall in average trading volumes thanks to a rise in commissions and the successful launch of new contracts, Scott Hill, chief financial officer of the derivatives exchange, said Wednesday.

On Wednesday morning, ICE reported record quarterly revenues of $365m for the three months ended March, up 9% from a year earlier, and a record quarterly net profit of $148m, up 15% year-on-year.