ICAP electronic fixed-income broking volumes exceed previous levels
Published on March 11, 2008.
ICAP, an interdealer broker, says the average daily electronic broking volumes in its fixed-income products reached record levels in February. Daily fixed-income volumes traded on ICAP's BrokerTec platform - including US Treasury products, EU repo and US repo - reached $692.8 billion in February, 23 per cent higher than a year previously.
Spot FX traded on ICAP's electronic platform EBS also increased by 34 per cent over the last twelve months to an average daily volume of $217.2 billion.
ICAP also reports that average daily electronic broking volumes in US Treasury products increased by 38 per cent over the past year to $187.7 billion in February, while average daily electronic broking volumes of US and EU repo products reached $505.1 billion in February, an increase of 19 per cent on February 2007.
"We continue to see strong electronic broking volumes across our product portfolio on both the BrokerTec and EBS platforms as volatility continues unabated," comments David Rutter, deputy CEO, ICAP Electronic Broking.
