2008 sees 4% drop in Icap daily trading volumes
LONDON - Average daily trading volumes across Icap's EBS and BrokerTec broking platforms were down 4% to $780 billion in the 12 months to January 2009.
The interdealer broker, which made its interim management statement last Thursday (February 12), said that, despite the falling electronic volumes, it expects to grow its foreign exchange and fixed income market share as banks focus more on flow businesses. In the electronic trading sphere, Icap added that algorithmic trading was accounting for a
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