ICAP’s EBS daily volumes register 15% MoM decline in April 2015

ICAP plc (LON:IAP), an expert in electronic markets and global broking, earlier today reported its operating metrics for April 2015, with the month seeing lower Forex volumes compared to solid metrics recorded in March 2015.

Average daily FX volumes at EBS, ICAP’s electronic Forex brokerage division, amounted to $96.9 billion, thus lagging behind the result of $114.5 billion seen in March 2015 by substantial 15.4%. The result was better, however, than the $94.1 billion registered in February 2015, when low volatility and the consequences of the Swiss franc spike battered Forex trading.

When it comes to annual comparisons, which many like to look at for getting a picture cleaner from seasonal factors, EBS volumes in April 2015 were quite robust. They were 41.5% ahead of the $68.5 billion average daily FX volumes registered in April 2014.

Since we mentioned annual comparisons, let’s also note that US repo volumes were up by 7% year-on-year in April 2015, amounting to $212.3 billion per day on average. EU repo and US treasury volumes, however, saw declines against April 2014 levels.


The latest data on ICAP’s operating metrics, can be found by clicking here.

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