Total ICAP Electronic Broking Volumes on BrokerTec and EBS Platforms for February increases 11% month-on-month; decreases 12% year-on-year

06 March 2012


London, 6 March 2012 – ICAP, the world’s leading interdealer broker, announces today that average daily volumes on the BrokerTec and EBS platforms for February were US$725.7bn, an increase of 11% month-on-month.  For the month year-on-year, there was a decrease of 12% as macroeconomic uncertainty and low interest-rate volatility dampened activity.

Average daily spot FX volumes on the EBS platform were $126.7bn, up 9% month-on-month and down 9% year-on-year. 

Average daily volumes in fixed income products on the BrokerTec platform were $599.0bn, an increase of 11% on the previous month and a decrease of 13% year-on year.

Overall repo volumes reached $472.1bn in February, up 11% month-on-month and down 9% year-on-year, the latter reflecting a 5% decrease in US repo and a 12% decrease in European repo.  Average daily US Treasury volumes on BrokerTec were up 11% month-on-month and decreased 25% year-on-year.

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


Contacts:
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


Notes:
                                               
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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