Interdealer broker ICAP released its Half Year report today (to September 30, as ICAP has a March 31 fiscal year end), detailing a 15% drop in Revenues to £620 million (about $995 million) versus the same period last year. Within its Electronic Markets group, subdued trading volumes during most of the first half of the…
Read moreICAP CEO Michael Spencer: Low volatility levels and a focus by our clients on costs and regulation resulted in execution volumes remaining suppressed during much of the period.
Read moreVolume for ICAP's EBS platform came in at $73.5bn USD for May, up 7.3% MoM. This is a slight improvement from April's $68.5bn but still one of their slowest months ever. Volume is off 42% YoY from May 2013's $126bn USD. For full ICAP volumes, please click here.
Read more"The past year has presented many challenges, and we operate in an industry which is undergoing an enormous amount of structural change with the emergence of a new post-financial crisis regulatory landscape" stated ICAP Group CEO Michael Spencer.
Read more