Icap is also benefiting from the general and inexorable march towards more electronic trading. The company says the volumes derived from its electronic broking platforms averaged $842 billion in June, a 32% increase on the same month in 2006. Volumes on EBS averaged $167 billion. Talking of EBS, I hear that there wasn’t a dry eye at the leaving do held for Jack Jeffery by his staff at the Soho Hotel in London.
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