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.
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.”
Stocks to Watch This Week – Expedia Group, IncGo to article >>
Regulated by the Australian Securities and Investments Commission (ASIC), IC Markets ranks amongst Australia’s largest providers, offering true ECN forex 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. 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.