ICAP Volumes Take A Turn In May - ADVs Out Of The Doldrums With Increase of 11% Year on Year
- After a relatively lengthy period of stagnation, the UK's interdealer ICAP displayed a return to form during May, with an 11% increase in ADVs over the same month last year, completing the month 9% up on April.
Average daily electronic broking volumes (ADV) for British interdealer ICAP have demonstrated a healthy move in the upward direction this May, with the markets operator completing the month with an ADV of $788.2 billion.
This represents a 9% increase over April’s $725.7 billion figure and betters the same month last year by 11%.
Subsequent to a contraction of trading volumes in FX which reached an all-time low in December last year with ADVs for that month at $635.9 billion, the firm embarked on a series of developments including the recent addition of EBS Direct, a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term which ICAP considers to be relationship based and after its launch in mid-May, arrived on the market as an additional product to ICAP’s multi-dealer platform EBS Markets.
ICAP faces competition from FXall in this particular arena, a company recently acquired by Reuters.
EBS’s wholesale electronic FX offering performed well in April, demonstrating a 17% increase over the previous month, whilst ICAP showed a decline. It is not certain whether ICAP’s increase this month is attributable to its diversification, a factor that time will only tell.
Average Daily Volume (in USD billions, single count)
Average daily electronic broking volumes (ADV) for British interdealer ICAP have demonstrated a healthy move in the upward direction this May, with the markets operator completing the month with an ADV of $788.2 billion.
This represents a 9% increase over April’s $725.7 billion figure and betters the same month last year by 11%.
Subsequent to a contraction of trading volumes in FX which reached an all-time low in December last year with ADVs for that month at $635.9 billion, the firm embarked on a series of developments including the recent addition of EBS Direct, a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term which ICAP considers to be relationship based and after its launch in mid-May, arrived on the market as an additional product to ICAP’s multi-dealer platform EBS Markets.
ICAP faces competition from FXall in this particular arena, a company recently acquired by Reuters.
EBS’s wholesale electronic FX offering performed well in April, demonstrating a 17% increase over the previous month, whilst ICAP showed a decline. It is not certain whether ICAP’s increase this month is attributable to its diversification, a factor that time will only tell.
Average Daily Volume (in USD billions, single count)