ICAP Platform Traded €1.3bn Euro Interest Rate Swaps On First Day

ICAP, the world’s premier interdealer broker, announced that Euro IRS trades with a nominal value of Euro 1.3 billion were matched through the electronic order book on its platform yesterday, the first day of trading.

ICAP launched its electronic market for trading Euro interest rate swaps (Euro IRS) with market maker support. The trades included several trading strategies including: butterflies, spreads, outrights and basis.

ICAP reports all of its broking volumes on a single count basis.