Average first quarter 2008 electronic broking volumes at ICAP were $923.2 billion, up 24 percent on Q1 2007 ($747.2 bn). Spot FX volumes in Q1 2008 increased 41 percent and fixed-income volume increased 19 percent on Q1 2007.
In March, fixed-income volumes traded on ICAP's BrokerTec platform -including U.S. Treasury products, EU repo and U.S. repo - increased 12 percent year on year to US $713 billion (March 2007: $639.4 bn).
Spot FX traded on ICAP's electronic platform EBS also increased 34 percent year on year in March to an average daily volume of $253.1 billion (March 2007: $189.1 billion). Three of the top ten trading days on EBS were in March 2008.
"March 2008 marks another month of unprecedented electronic broking volumes here at ICAP", said David Rutter, Deputy CEO of ICAP Electronic Broking. "We see this as evidence that the marketplace values the liquidity and features our award-winning BrokerTec and EBS platforms have to offer."