IC Markets Reports Record Month of Trading Volumes in November
- The positive results were fuelled by strong domestic growth and an uptick in volatility.
International Capital Markets, an Australian-based ECN foreign exchange provider, today reported record trading volumes of 188 billion USD for the month of November. The total includes $16.5 billion which was accountable for on 8th November, when the US election took place.
Record November Volumes
In a statement issued by the brokerage today, it was revealed that the main driver for the record volumes was the company’s strong domestic growth and an uptick in volatility. Drawing from industry research by Finance Magnates, ICM stated that the reported monthly volume makes IC Markets the largest Australian owned and operated entity and positions the company on the cusp of the top five global brokers.
Commenting on the positive results, IC Markets Managing Director, Andrew Budzinski, said: “2016 has been the biggest year on record for the company. Closing out the year on record volumes is testament that our strategy of focusing on the domestic market and customer service is paying off.”
ASIC-regulated IC Markets ranks amongst Australia’s largest providers, offering true ECN Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term technology, proprietary tools and services. Founded in 2007, the company sought to bridge the gap between retail and institutional clients, now offering a trading solution previously only available to investment banks and high net worth individuals.
Andrew Ralich, CEO of oneZero Financial, the company’s primary execution and connectivity provider, said: “The volumes that we see today through ICM's oneZero Hub are a testament to their commitment to focusing on quality Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, execution and client relationship management. We are looking forward to continuing to work side-by-side with Andrew and his team to support another year of expansion in 2017.”
International Capital Markets, an Australian-based ECN foreign exchange provider, today reported record trading volumes of 188 billion USD for the month of November. The total includes $16.5 billion which was accountable for on 8th November, when the US election took place.
Record November Volumes
In a statement issued by the brokerage today, it was revealed that the main driver for the record volumes was the company’s strong domestic growth and an uptick in volatility. Drawing from industry research by Finance Magnates, ICM stated that the reported monthly volume makes IC Markets the largest Australian owned and operated entity and positions the company on the cusp of the top five global brokers.
Commenting on the positive results, IC Markets Managing Director, Andrew Budzinski, said: “2016 has been the biggest year on record for the company. Closing out the year on record volumes is testament that our strategy of focusing on the domestic market and customer service is paying off.”
ASIC-regulated IC Markets ranks amongst Australia’s largest providers, offering true ECN Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term technology, proprietary tools and services. Founded in 2007, the company sought to bridge the gap between retail and institutional clients, now offering a trading solution previously only available to investment banks and high net worth individuals.
Andrew Ralich, CEO of oneZero Financial, the company’s primary execution and connectivity provider, said: “The volumes that we see today through ICM's oneZero Hub are a testament to their commitment to focusing on quality Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, execution and client relationship management. We are looking forward to continuing to work side-by-side with Andrew and his team to support another year of expansion in 2017.”