EBS average daily volumes up 19% month-on-month in May; record month for emerging markets currencies

08 June 2012


London, 8 June 2012 – ICAP, the world’s leading interdealer broker, announces today that average daily spot FX volumes on the EBS platform for May were $130.8bn, up 19% month-on-month and down 25% year-on-year.

May was a record month for a number of emerging markets currencies on EBS, including the Russian ruble, CNH (offshore Chinese renminbi) and Mexican peso.

Average daily volumes in fixed income products on the BrokerTec platform were $582.3bn, a decrease of 4% on the previous month and 20% year-on-year.

Average daily US Treasury volumes on BrokerTec were US$113.5bn in May, an increase of 3% month-on-month and a decrease of 17% year-on-year. Overall repo volumes were $468.8bn, down 5% month-on-month and 20% year-on-year, the latter reflecting a 18% decrease in US repo and a 22% decrease in European repo.

Combined average daily volumes for BrokerTec and EBS were US$713.1bn, against $714.2bn in April. For the month of May there was a year-on-year decrease of 21%.

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
Andrea Coleman  Maitland                                               +44 (0) 20 7379 5151

                                               
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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