5th Apr 2016 08:17
LONDON (Alliance News) - ICAP PLC, the FTSE 250 interdealer broker and post-trade risk mitigation provider, on Tuesday reported a drop in average daily volumes on its EBS currency trading platform in March.
Average daily volumes on a single count basis on EBS amounted to USD83.7 billion in March, down 27% year-on-year and 18% from February.
EBS and BrokerTec, the fixed income trading platform, together make up the bulk of ICAP's electronic markets business.
US Treasury volumes amounted to USD155.3 billion in March, up 1% year-on-year and down 25% from February.
US Repo volumes amounted to USD214.3 billion in March, down 2% year-on-year and up 1% on the prior month.
European Repo volumes amounted to EUR184.5 billion in March, down 3% year-on-year and up 6% on the prior month.
Shares in ICAP were down 1.4% at 469.30 pence on Tuesday morning.
By Samuel Agini; [email protected]; @samuelagini
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