3rd Sep 2015 08:17
LONDON (Alliance News) - ICAP PLC on Thursday reported a jump in volumes on its EBS currency trading platform and in US Treasuries in August.
The FTSE 250 interdealer broker, which has been expanding into the provision of post trade risk mitigation and information services, said that average daily volume on a single count basis amounted to USD100.3 billion on EBS in August, up 17% year-on-year and up 22% on July.
ICAP was also boosted by stronger US Treasury volumes, which were up 25% year-on-year and 13% on July at USD182.7 billion.
There were mixed figures for US Repo volumes, which amounted to USD204.0 billion in August, down 9% year-on-year and up 3% on July.
European Repo volumes were down 3% at EUR175.7 billion year-on-year, and flat on July.
ICAP shares were up 2.1% at 459.90 pence on Thursday morning in London.
By Samuel Agini; [email protected]; @samuelagini
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