30th Jul 2007 13:49
ICAP plc (IAP.L), the world's premier interdealer broker,announced that daily electronic broking volumes reached record levelslast week as volatility in global financial markets continued togather pace. £ ICAP's electronic broking platforms EBS and BrokerTec traded arecord $1.085 trillion ($1,085 billion) on Thursday 26 July. This wasfollowed by $1.032 trillion on Friday 27 July. £ Spot FX on ICAP's electronic broking platform EBS reached a recordlevel of USD $306.8 billion on Friday, smashing the previous record of$269.9 billion from March 2007. Average daily volume on EBS in thepast week also exceeded the previous record of $224 billion to reach$244.3 billion. £ U.S. Treasury products on BrokerTec also saw their second heaviesttrading day on Thursday with a total of $303 billion. £ The active conditions in global equity markets have been mirroredby highly volatile over the counter wholesale markets in foreignexchange and fixed income as the flight to quality continues. This isturn has led to a significant increase in ICAP's electronic brokingvolumes on EBS and BrokerTec. Strong broking volumes were also seen inICAP's voice-broked markets. In the global interest rate swap market,the largest single interest rate market in the world, ICAP saw voicebroking volumes increase on Thursday to $311 billion. £ About ICAP £ ICAP is the world's premier voice and electronic interdealerbroker and the source of global market information and commentary forprofessionals in the international financial markets. The Group isactive in the wholesale markets in interest rates, credit, energy,foreign exchange and equity derivatives. ICAP has an average dailytransaction volume in excess of $1.5 trillion, more than 50% of whichis electronic. ICAP plc was added to the FTSE 100 Index on 30 June2006. For more information go to www.icap.com Copyright Business Wire 2007Related Shares:
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