4th Nov 2015 13:59
LONDON (Alliance News) - ICAP PLC on Wednesday said electronic markets volumes were lower across the board in October, with a 36% year-on-year fall at its EBS currency trading platform the sharpest decline.
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 USD83.6 billion on EBS in October, down 36% year-on-year and 6% on September.
US Treasury volumes were down 27% year-on-year to USD151.6 billion in October, a fall of 4% from September.
US Repo volumes declined 10% to USD204.8 billion year-on-year , down 2% from September.
European Repo volumes also were down 10% year-on-year at EUR166.2 billion, which was an 8% fall from September.
Shares in ICAP were up 0.3% at 445.40 pence on Wednesday afternoon, having reached an intraday high of 451.04p in earlier trading.
By Samuel Agini; [email protected]; @samuelagini
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