Total ICAP Electronic Broking Volumes on BrokerTec and EBS Platforms decrease 17% in January year-on -year - 2012 - News - In the News - News Events - ICAP.com

03.02.12

Total ICAP Electronic Broking Volumes on BrokerTec and EBS Platforms decrease 17% in January year-on -year

London, 3 February 2012 – ICAP, the world’s leading interdealer broker, announces today that average daily volumes on the BrokerTec and EBS platforms for the month of January were US$654.2bn, a decrease of 17%¹ year-on-year, partly due to certain of EBS’s strongest currencies being relatively range bound

Average daily spot FX volumes on the EBS platform in January were $116.0bn, a decrease of 23% over the previous year. Average daily volumes in fixed income products on the BrokerTec platform in January were $538.2bn, a decrease of 16% over the previous year. Overall repo volumes reached $424.2bn in January, a decrease of 13% year-on-year, reflecting an 8% decrease in US repo and a 16% decrease in European repo. Average daily US Treasury volumes on BrokerTec decreased 25% year-on-year in January.

ICAP reports all of its electronic broking volumes on a single count basis.

Contacts:
Brigitte Trafford Director of Corporate Affairs +44 (0) 20 7050 7103
Alex Dee Head of Investor Relations +44 (0) 20 7050 7123
John McCready Corporate Communications +44 (0) 20 7050 7124

Notes:

About ICAP:
ICAP is the world’s leading interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.

¹ The 17% decrease reflects the average daily volumes for the full month and updates the figure (19%) disclosed in ICAP’s Interim Management Statement on 1 February 2012.