ICAP Announce Increase in Electronic Broking Volumes – up 3% Year on Year

Leading interdealer broker ICAP today announced that the daily average volumes during December 2012 which were traded on the BrokerTec and EBS platforms exceeded the volumes achieved in December 2011 by 3%. The average for the month of December 2012 was $635.9 billion.

Examining the average daily volumes in detail, the BrokerTec platform's total figure comprises of $544.1 billion in fixed income products, which is an increase of 5% year on year, $99.1 billion in US Treasury volumes, up on the previous year by 16%, and an overall $445 billion in repo volumes, up 3%% over the previous year, resulting in a slight increase in US repo and a 5% increase in European repo.

On the other hand, spot fx suffered a 4% decline in volume comparative to December 2011 at $91.8 billion.

This release shows a consistent overall daily volume increase during recent months, as reported by Forex Magnates last month in relation to EBS average daily volume increasing by some 12% when compared to the same period the previous year.