IAP.L Regulatory News (IAP)

5 Mar 2008 09:45

ICAP PLC05 March 2008 ICAP electronic fixed-income broking volumes reach record levels London, 5 March 2008-ICAP (IAP.L), the world's premier interdealer broker,announced on Wednesday that average daily electronic broking volumes infixed-income products reached record levels in February. Fixed-income volumestraded on ICAP's BrokerTec platform -including U.S. Treasury products, EU repoand U.S. repo - increased 23 percent year on year in February to US $692.8billion (February 2007: $562.1 bn), the highest level ever. Average dailyelectronic broking volumes for all four categories (US Treasury products, EUrepo, U.S. repo and spot FX) reached $910 billion, its second highest levelafter August 2007. Spot FX traded on ICAP's electronic platform EBS also increased 34 percent yearon year to an average daily volume of $217.2 billion (February 2007: $ 162.6billion). Average daily spot FX trading on EBS is also up 32 percent for the 12months ending 29 February 2008. Average daily electronic broking volumes in U.S. Treasury products increased 38percent year on year to $187.7 billion in February, and 32 percent for the 12months ending 29 February 2008. Average daily electronic broking volumes of U.S.and EU repo products reached $505.1 billion in February, an increase of 19percent on February 2007. "We continue to see strong electronic broking volumes across our diverse productportfolio on both the BrokerTec and EBS platforms as volatility continuesunabated," said David Rutter, Deputy CEO, ICAP Electronic Broking. Each month ICAP publishes average daily volume data in spot FX, U.S. Treasuryand European and U.S. repo products. This data is available on www.icap.com. Contacts Mike Sheard Director of Corporate Affairs +44 (0) 20 7050 7103Candice Adam Corporate Communications +44 (0) 20 7050 7104 About ICAP ICAP is the world's premier voice and electronic interdealer broker and thesource of global market information and commentary for professionals in theinternational financial markets. The Group is active in the wholesale markets ininterest rates, credit, energy, foreign exchange and equity derivatives. ICAPhas an average daily transaction volume in excess of $1.5 trillion, more than60% of which is electronic. ICAP plc was added to the FTSE 100 Index on 30 June2006. For more information go to www.icap.com. This information is provided by RNS The company news service from the London Stock Exchange