EBS acquisition drives Icap results
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Icap’s annual report released last Wednesday (May 23), posted an increase in average daily trading volumes to $670 billion in the last financial year, helped along by a late-year boost from volatile credit, FX and commodities markets.
Foreign exchange revenue reached $315.1 million, representing 15% of Icap’s revenue.
Electronic revenue increased by 103%, reaching $394.1 million. Looking ahead, chief executive Michael Spencer expects revenues from electronic broking to rise to half of Icap’s
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