£2,954.58m
13.00p
455.50p
ICAP PLC
07 May 2008
ICAP Spot FX and US Treasury volumes continue to grow in April
London, 7 May 2008-ICAP (IAP.L), the world's premier interdealer broker,
announced on Wednesday that average daily electronic broking volumes in Spot FX
traded on ICAP's electronic platform EBS increased 60 percent on the previous
April to an average daily volume of US$230.5 billion (April 2007: US$144.1
billion). Spot FX on EBS is also up 37 percent over the past 12 months.
U.S Treasury products traded on ICAP's BrokerTec platform in April also
increased, by 34 percent year on year to US$131.5 billion. Average daily volume
in these products for the 12 months ending 30 April was up 31 percent year on
year to US$159.1 billion.
Average daily volumes in US and EU Repo reached a total of US$483.5 billion in
April, up 22 percent over the past 12 months.
"ICAP has a diverse product portfolio in electronic broking and trading
volumes in April, on both our BrokerTec and EBS platforms, have continued their
strong performance over the past year," said David Rutter, Deputy CEO, ICAP
Electronic Broking.
Each month ICAP publishes average daily volume data in spot FX, U.S. Treasury
and European and U.S. repo products. This data is available on www.icap.com.
Contacts
Mike Sheard Director of Corporate Affairs +44 (0) 20 7050 7103
Candice Adam Corporate Communications +44 (0) 20 7050 7104
About ICAP
ICAP is the world's premier voice and electronic interdealer broker and the
source of global market information and commentary for professionals in the
international financial markets. The Group is active in the wholesale markets in
interest rates, credit, energy, foreign exchange and equity derivatives. ICAP
has an average daily transaction volume in excess of US$1.5 trillion, more than
60% of which is electronic. ICAP plc was added to the FTSE 100 Index on 30 June
2006. For more information go to www.icap.com.
This information is provided by RNS
The company news service from the London Stock Exchange