Total ICAP Electronic Broking Volumes on BrokerTec and EBS Platforms reach a record US$828.3bn in 2011, up 11% on 2010
05 January 2012
London, 6 January 2012 – ICAP, the world’s leading interdealer broker, announces today that total average daily electronic broking volumes on the BrokerTec and EBS platforms reached their highest-ever annual level of US$828.3bn in 2011, an increase of 11% over 2010. Record volumes were recorded in the year on the BrokerTec platform for repo and for fixed income overall. For the month of December, average daily volumes on both platforms were US$614.7bn, a decrease of 17% year-on-year, as markets reflected continued economic uncertainty.
Average daily spot FX volumes on the EBS platform for the 12 months to December 2011 were $159.1bn, an increase of 5% over 2010. Average daily volumes in fixed income products on the BrokerTec platform for the 12 months to December 2011 were US$669.2bn, an increase of 13% over the previous year.
Volumes in December reflected the pre-Christmas slowdown starting earlier than in previous years, as financial markets remained risk averse in light of continuing economic uncertainty, especially in the eurozone. Average daily spot FX volumes on the EBS platform in December were $95.7bn, a decrease of 15% over the previous year. Average daily volumes in fixed income products on the BrokerTec platform in December were $518.9bn, a decrease of 18% over the previous year. Overall repo volumes reached $433.5bn in December, a decrease of 13% year-on-year, reflecting a 12% decrease in US repo and a 14% decrease in European repo. Average daily US Treasury volumes on BrokerTec decreased 36% year-on-year in December.
ICAP reports all of its electronic broking volumes on a single count basis.
Brigitte Trafford Director of Corporate Affairs +44 (0) 20 7050 7103
Alex Dee Head of Investor Relations +44 (0) 20 7050 7123
John McCready Corporate Communications +44 (0) 20 7050 7124
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.