Total ICAP electronic broking average daily volumes of US$644.1bn for July

03 August 2012


London, 3 August 2012 – ICAP, the world’s leading interdealer broker, announces today that average daily volumes on the BrokerTec and EBS platforms for July were US$644.1bn, down 9% from June. For the month of July, there was a year-on-year decrease of 27%.

Average daily spot FX volumes on the EBS platform were $106.7bn, down 22% month-on-month and down 41% year-on-year after exceptionally high volumes last July that followed a number of sovereign credit rating downgrades.

Average daily volumes in fixed income products on the BrokerTec platform were $537.4bn, a decrease of 6% on the previous month and 24% year-on-year against a backdrop of lower risk appetite and continued uncertainty around the eurozone crisis. Despite the pullback in general trading activity, July was the second highest month for European Government Bond volumes, and there were also record volumes in the French and Belgian markets helped by a busy new issuance calendar.

Overall repo volumes were $437.6bn in July, down 2% month-on-month and 23% year-on-year, the latter reflecting a 19% decrease in US repo and a 26% decrease in European repo. Average daily US Treasury volumes on BrokerTec were US$99.8bn, a decrease of 18% month-on-month and 27% year-on-year.

ICAP reports all of its electronic broking volumes on a single count basis.

Ends

Contacts:

Brigitte Trafford    Director of Corporate Affairs +44 (0) 20 7050 7103

Alex Dee              Head of Investor Relationsc +44 (0) 20 7050 7123

Andrea Coleman Maitland                                 +44 (0) 20 7305 0420

                                               

About ICAP

ICAP is the world’s leading interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.



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