4th Jun 2015 08:10
LONDON (Alliance News) - Interdealer broker ICAP PLC Thursday said its electronic broking average daily volumes were flat year-on-year in May and up by 6% from April.
In a statement, ICAP, which matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets and equity derivatives, said that electronic broking average daily volumes totalled USD690.8 billion in May on a single-count basis.
The total year-on-year volumes were flat as European repo volumes fell by 24% to USD193.7 billion, offset by a 30% increase in volumes on currency-trading platform EBS to USD95.9 billion, a 13% increase in US Treasury volumes to USD184.2 billion, and a 9% increase in US repo volumes to USD217.0 billion.
The month-on-month increase was driven by a 27% increase in US Treasury volumes and a 2% rise in US repo volumes, partly offset by falls of 1% in European repo volumes and EBS volumes.
ICAP shares were down 0.6% at 559.50 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
IAP.L