ICAP, the interdealer broker, has revealed that average daily electronic broking volumes in Spot FX traded on ICAPs electronic platform EBS increased 60% on the previous April to an average daily volumeof $230.5 billion.
Spot FX on EBS is also up 37% over the past 12 months. US Treasury products traded on ICAPs BrokerTec platform in April also increased, by 34% year on year to $131.5 billion. Average daily volume in these products for the 12 months ending 30 April was up 31% year on year to $159.1 billion.
Average daily volumes in US and EU Repo reached a total of $483.5 billion in April, up 22% over the past 12 months.
“ICAPs has a diverse product portfolio in electronic broking and trading volumes in April, on both our BrokerTec and EBS platforms, have continued their strong performance over the past year,” says David Rutter, deputy CEO, ICAP Electronic Broking.
Each month ICAP publishes average daily volume data in spot FX, US Treasury and European and US repo products.