Bloomberg News

ICAP Says Foreign-Exchange Trading Rises, Treasury Volume Drops

October 05, 2011

Oct. 5 (Bloomberg) -- ICAP Plc, the world’s largest broker of transactions between banks, said the total volume of electronic trading going through its two major platforms rose 14 percent in September from a year earlier to $856.7 billion.

The average amount of daily spot currency trading on its EBS platform climbed 25 percent from the previous year to $183.1 billion. Trading of U.S. Treasuries on its BrokerTec platform fell 12 percent in the same period, the company said in an e- mailed statement.

Fixed-income products trading through the BrokerTec platform increased 11 percent on the year to $673.5 billion a day, the company said.

--Editors: Nicholas Reynolds, Mark McCord

To contact the reporter responsible for this story: Anchalee Worrachate in London at aworrachate@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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