ICAP’s March EBS Volumes Rising By 9% Over February
Interdealer brokerage ICAP has reported strong results for the month of March rebounding by about 9% from February figures, and
Volumes at the publicly listed interdealer brokerage ICAP, have rebounded strongly from February to come out at $88.4 billion, which is higher by about 9% from last month’s figures. While the number remains substantially lower from year ago figures by 27%, there is a clear trend shift in the company’s EBS offering.
The positive results can be attributed to the addition of precious metals trading on the EBS Direct solution, however increased volatility has also helped. The trading update that the company issued a couple of days ago has already revealed that trading volumes are higher and growing throughout the quarter.
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The total Average Daily Volume (ADV) at the company has increased to $762.7 billion, which is higher by 3% over the same period last year. US treasuries contributed the most, by rising 20% over last month’s figures to $189.7 billion. US and EU repo trading has increased mildly on February by 7 and 4% respectively.
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