Total ICAP Electronic Broking Volumes for EBS and BrokerTec Platforms Increase 19% in March
06 April 2011
London, 6th April 2011 – ICAP, the world’s premier interdealer broker, announced today that total electronic broking volumes for the month of March on the BrokerTec and EBS platforms reached US$ 851.5billion, an increase of 19% year on year.
Total average daily volumes in fixed income products on the BrokerTec platform were $689.4bn, an increase of 22% on the previous year. Overall repo volumes reached $518.8bn, up 17% year on year. US Treasury electronic broking volumes increased 41% year on year to $170.6bn.
Total average daily volumes on the EBS platform were $157.3bn, up 5% year on year.
David Rutter, CEO ICAP Electronic Broking commented:
“New issuance and continued interest rate volatility again contributed to greater activity on the BrokerTec fixed income platform. In FX, higher year on year volumes were a function of a combination of uncommon highs and lows in market volatility, driven by the tragic events in Japan, the ongoing turmoil in the Middle East as well as US and EU economic announcements.”
ICAP reports all of its electronic broking volumes on a single count basis.
Mike Sheard Director of Corporate Affairs +44 (0) 20 7050 7103
Alexandra Umpleby Head of Media Relations +44 (0) 20 7050 7104
Alex Dee Head of Investor Relations +44 (0) 20 7050 7123
ICAP is the world’s premier 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, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com