5th Jan 2017 09:15
LONDON (Alliance News) - Interdealer broker NEX Group PLC on Thursday said trading volumes increased in all its units in December 2016 from the year before.
NEX, formerly known as ICAP, said December volumes on its currency trading platform EBS were up 20% year-on-year at USD89.6 billion from USD74.8 billion.
Meanwhile, European Repo volumes were up 8.0% at EUR181.3 billion from EUR168.3 billion, with US Repo volumes up 5.0% at USD233.7 billion from USD222.6 billion.
US Treasury volumes were up 7.0% at USD152.2 billion from USD142.5 billion.
However, for the twelve months ended December 31, 2016, volumes were up by only 1% in US Treasury, US Repo and European Repo units, while volumes were down 6% on the EBS currency trading platform.
Shares in NEX were up 0.5% at 496.10 pence Thursday morning.
By Adam Clark; [email protected]
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