Volume growth and currency diversification underline success of solution one year after launch. At launch, EUR/USD accounted for 76% of eFix ADV but now accounts for 46% of volume, as ADV in pairs such as AUD/USD and GBP/USD continues to grow.
Read moreICAP Plc (LON:IAP), the expert in online trading, earlier today posted its operating metrics for February 2015. As usual, we take a detailed look at the performance of EBS, ICAP's electronic FX platform, with the data painting a rather diverse picture depending on whether investors focus on the monthly or annual comparisons. Average daily volumes…
Read moreMichael Spencer, Group Chief Executive Officer of ICAP said: “After a challenging first half, we have witnessed welcome signs of improved market activity in a number of areas, notably in FX..."
Read moreICAP's electronic brokerage division EBS has fared well recently, maintaining competition with rival ECN FXall. January's average daily volumes stand at a very strong $129.6 billion
Read moreThe European Commission has accused ICAP of enabling illegal arrangements between banks in markets for the yen-based London interbank offered rate and yen Tibor, the Tokyo interbank offered rate, a matter which ICAP refutes and intends to appeal on the basis that it considers the citing to be wrong in fact and law
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Read moreSGX FX Futures to be available via EBS
Read moreDecember industry volumes are always subdued a bit due to holiday activities, but overall it remained strong this year across many segments of the trading industry despite trading days off. ICAP plc (LON:IAP) EBS FX electronic platform saw December volumes down 15 percent from November but much higher than December 2013's ADV of $71B, to record…
Read moreWith the ruble drama gathering steam in December and particularly this week, we have seen ruble dealers slash their leverage and also completely pull out of dealing in the currency, which isn't a huge generator of volume to begin with but still causing a big enough shakeup for brokers to issue statements to traders. With…
Read moreInterdealer broker ICAP (LON:IAP) saw its shares drop more than 10% on Wednesday, after the company released its results for the six months ended September 30 (ICAP has a March 31 fiscal year-end). The shares fell in heavy volume, with about four times the average number of shares changing hands. The drop is somewhat puzzling to…
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