EBS volumes up 5% month-on-month in June

05 July 2012

London, 5 July 2012 – ICAP, the world’s leading interdealer broker, announces today that average daily volumes on the BrokerTec and EBS platforms for June were US$707.6bn, down 1% from May. For the month of June, there was a year-on-year decrease of 22%.

Average daily spot FX volumes on the EBS platform were $137.6bn, up 5% month-on-month and down 21% year-on-year. The year-on-year decrease reflects continuing uncertainty over developments in the eurozone and signs of slowdown in global growth.

Average daily volumes in fixed income products on the BrokerTec platform were $570.0bn, a decrease of 2% on the previous month and 22% year-on-year.

Overall repo volumes were $447.8bn in June, down 4% month-on-month and 22% year-on-year, the latter reflecting a 18% decrease in US repo and a 25% decrease in European repo.

Average daily US Treasury volumes on BrokerTec were US$122.3bn, an increase of 8% month-on-month and a decrease of 23% year-on-year. Ongoing efforts by the US Federal Reserve to reduce long-term borrowing costs have kept US Treasury rates near record lows and dampened volumes in the secondary market.

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

Ends

Contacts

Brigitte TraffordDirector of Corporate Affairs+44 (0) 20 7050 7103
Alex Dee Head of Investor Relations+44 (0) 20 7050 7123
Andrea ColemanMaitland +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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Bryony Scragg
Head Of Media Relations
bryony.scragg@nex.com +44 20 7818 9689 LinkedIn
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Casey Sheets
Media Relations (US)
casey.sheets@nex.com +1 212 521 4627 LinkedIn
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