7th May 2008 11:07
ICAP PLC07 May 2008 ICAP Spot FX and US Treasury volumes continue to grow in April London, 7 May 2008-ICAP (IAP.L), the world's premier interdealer broker,announced on Wednesday that average daily electronic broking volumes in Spot FXtraded on ICAP's electronic platform EBS increased 60 percent on the previousApril to an average daily volume of US$230.5 billion (April 2007: US$144.1billion). Spot FX on EBS is also up 37 percent over the past 12 months. U.S Treasury products traded on ICAP's BrokerTec platform in April alsoincreased, by 34 percent year on year to US$131.5 billion. Average daily volumein these products for the 12 months ending 30 April was up 31 percent year onyear to US$159.1 billion. Average daily volumes in US and EU Repo reached a total of US$483.5 billion inApril, up 22 percent over the past 12 months. "ICAP has a diverse product portfolio in electronic broking and tradingvolumes in April, on both our BrokerTec and EBS platforms, have continued theirstrong performance over the past year," said David Rutter, Deputy CEO, ICAPElectronic Broking. Each month ICAP publishes average daily volume data in spot FX, U.S. Treasuryand European and U.S. repo products. This data is available on www.icap.com. Contacts Mike Sheard Director of Corporate Affairs +44 (0) 20 7050 7103 Candice Adam Corporate Communications +44 (0) 20 7050 7104 About ICAP ICAP is the world's premier voice and electronic interdealer broker and thesource of global market information and commentary for professionals in theinternational financial markets. The Group is active in the wholesale markets ininterest rates, credit, energy, foreign exchange and equity derivatives. ICAPhas an average daily transaction volume in excess of US$1.5 trillion, more than60% of which is electronic. ICAP plc was added to the FTSE 100 Index on 30 June2006. For more information go to www.icap.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
IAP.L