IC Markets Reports Record Month of Volumes in November
International Capital Markets Pty Ltd (IC Markets), Australia’s largest True ECN Foreign Exchange provider reports record trading volumes of 188 billion USD for the month of November, including 16.5 billion USD on the day of the US election. The main driver for the record volumes is the Company’s strong domestic growth and an uptick in volatility.
IC Markets Managing Director, Andrew Budzinski said: “2016 has been the biggest year on record for the company. Closing out the year on record volumes is testament that our strategy of focusing on the domestic market and customer service is paying off”.
The Company is best known for its True ECN model and having the lowest spreads in the market. The True ECN model is fast becoming the preferred solution for traders of all skill levels.
Andrew Ralich, the CEO of oneZero Financial, the Company’s primary execution and connectivity provider added: “IC Markets has been an incredible growth story and is a client that we are extremely proud to have partnered and developed with over the last few years. The volumes that we see today through ICM’s oneZero Hub are a testament to their commitment to focusing on quality liquidity, execution and client relationship management. We are looking forward to continuing to work side-by-side with Andrew and his team to support another year of expansion in 2017”.
Source: IC Markets