3rd Jul 2015 08:32
LONDON (Alliance News) - Interdealer broker ICAP PLC on Friday said its electronic broking average daily volumes in dollars were up by 11.9% year-on-year in June and by 3% from May.
Statistics published by ICAP, which matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets and equity derivatives, showed that electronic broking average daily volumes in dollars totalled USD511.3 billion in June on a single-count basis.
The year-on-year increase in June's figures came as volumes on currency-trading platform EBS increased by 31% to USD100.8 billion and US Treasury volumes increased by 22% to USD188.9 billion, more than offsetting a 1% fall in US Repo volumes to USD221.6 billion.
Separately, European Repo volumes, measured in euros, fell by 31% on the year before to EUR180.1 billion.
US Treasury volumes increased 3% in June from figures recorded for May, with US Repo volumes up 2% month-on-month, EBS volumes up 5%, and European Repo volumes up 4%.
ICAP shares were up 0.3% at 505.50 pence on Friday morning.
By Samuel Agini; [email protected]; @samuelagini
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