ICAP’s EBS is increasingly a bellwether for FX volumes and trends.
ICAP, the world’s premier interdealer broker, announced today that total electronic broking volumes for the month of October on the BrokerTec and EBS platforms reached US$794.1 billion (bn), an increase of 22% year on year.
Total average daily volumes in fixed income products on the BrokerTec platform were $633.5bn, an increase of 24% on the previous year. Overall repo volumes reached $492.8bn, up 28% year on year. US Treasury electronic broking volumes increased 10% year on year to $140.7bn.
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Total average daily volumes on the EBS platform were $160.6bn up 17% year on year.
David Rutter, Deputy CEO of ICAP Electronic Broking, said: “US Treasuries and the US and European Repo markets remain active. We have also seen some encouraging improvement in FX volumes over the last few months.”
ICAP reports all of its electronic broking volumes on a single count basis.