Spot FX traded on ICAPâs electronic platform EBS also increased 34 percent year on year to an average daily volume of $217.2 billion (February 2007: $ 162.6 billion). Average daily spot FX trading on EBS is also up 32 percent for the 12 months ending 29 February 2008.
Average daily electronic broking volumes in U.S. Treasury products increased 38 percent year on year to $187.7 billion in February, and 32 percent for the 12 months 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 19 percent on February 2007.
âWe continue to see strong electronic broking volumes across our diverse product portfolio on both the BrokerTec and EBS platforms as volatility continues unabated,â said David Rutter, Deputy CEO, ICAP Electronic Broking.