Total ICAP Electronic Broking Volumes on BrokerTec and EBS Platforms decrease 7% in November year-on-year
06 December 2011
London, 6 December 2011 – ICAP, the world’s leading interdealer broker, announced today that average daily electronic broking volumes on the BrokerTec and EBS platforms in the month of November reached US$770.7bn, a decrease of 7% year-on-year.
Average daily spot FX volumes on the EBS platform in November were $144.6 bn, a decrease of 11% over the previous year.
Average daily volumes in fixed income products on the BrokerTec platform in November were $626.1bn, a decrease of 6% over the previous year. Overall repo volumes reached $505.3 bn in November, a decrease of 1% year-on-year, reflecting an 8% decrease in US repo and a 6% increase in European repo. Average daily US Treasury volumes on BrokerTec decreased 23% year-on-year in November.
These volumes reflect the well-reported slowdown in November due to general market uncertainty and a difficult comparator given a very active November 2010, our second strongest month last year.
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
Candice Adam Argentus PR +44 (0) 20 7397 2915
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