IAP.L Regulatory News (IAP)

5 Sep 2007 10:51

ICAP PLC05 September 2007 Record broking volumes at ICAP as volatility increases Average daily volume in August up 51 percent London, 5th September 2007 - ICAP, the world's premier interdealer broker,experienced record volumes in August in its electronic broking products againsta backdrop of volatile global markets. ICAP's electronic broking platforms EBS and BrokerTec traded a record ofapproximately $1.3 trillion ($1,275 billion) on Thursday 16 August, an increaseof almost $200 billion above the previous record ($1,077 billion). This wasfollowed by $1.2 trillion ($1,218 billion) on Friday 17 August. Average dailyvolumes on EBS and BrokerTec in the month of August reached $945 billion, anincrease of 51 percent on August 2006. Spot FX on ICAP's electronic broking platform EBS reached a record level of USD$456 billion on 16 August, surpassing the previous record achieved on 27 July of$311 billion by almost 50 percent. This record volume was almost three times ashigh as the average daily volume in the first half of 2007. This was followed on17 August by a new second highest trading day of US$ 411 billion. Average dailyvolumes on EBS were strong throughout August at approximately $240 billion perday. Electronically traded fixed income products - U.S. Treasuries, European Repo andUS Repo - also reached a new record of $819 billion on 16 August, breaking theprevious record of $809 billion. Average daily volume in these products inAugust was $703 billion, an increase of 42 percent on August 2006. Michael Spencer, Group Chief Executive of ICAP plc said: "The record volumes inFX and fixed income electronic broking highlight ICAP's position as a trustedliquidity source in these volatile markets. Both the EBS and BrokerTec platformshave proven their value to customers with strong liquidity, tight spreads androbust performances in the face of highly volatile trading." Contacts Mike Sheard Director of Corporate Affairs (+44) 20 7050 7103Candice Adam Corporate Communications (+44) 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 than50% 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