IC Markets Reports Strong Trading Volumes in March, New Record

Australia's International Capital Market Pty Ltd (IC Markets) announced today that it has again registered a record month for trading volumes as its March 2017 volumes totalled USD 234 billion. On a daily figures basis, the March average daily volume (ADV) for IC Markets was USD 10.1 billion. [gptAdvertisement]

IC Markets Managing Director Andrew Budzinski commented: “Our March volume numbers are a testament to our market leading spreads and trading conditions. We have always been widely regarded as one of the world's top foreign exchange brokers and now the March results have truly cemented our position as the largest in Australia, and certainty one of the largest in the world.”

Regulated by the Australian Securities and Investments Commission (ASIC), 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 Bridge The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat The bridge or liquidity bridge is an essential component for brokers that are enabling their clients to trade at interbank rates directly via a Prime Broker or a Prime-of-Prime (PoP). While market makers do not require a bridge in order to service its clients, brokers which are sending through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.Bridges are used extensively in forex trading, specifically for Metat Read this Term the gap between retail and institutional clients, now offering a trading solution previously only available to investment banks and high net worth individuals. It now says that it is also becoming the preferred choice for scalpers and automated traders globally.

The last time the brokerage reported its trading volumes was in month of November 2016 when it hit record trading volumes of USD 188 billion. This means that March 2017's figure is about 24.5% higher than IC Markets' previous record.